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South Africa’s Hidden Wealth Potential | Johannesburg News
Description
South Africa’s economy could be worth 21 trillion rand—triple its current value—according to former statistician-general Pali Lehohla, who blames poor policies and corruption for stifling growth and worsening unemployment. Speaking at a Electoral Commission seminar, he warned that even with corruption, the nation still has vast untapped wealth, yet it now relies on a $1.5 billion World Bank loan instead of building from its own resources. Lehohla urged the Commission to champion economic freedom for youth, pushing for development through sectors like agriculture to avoid social unrest and ensure democracy isn’t just about social grants but real financial independence. He warned that extreme inequality risks pushing citizens to breaking point unless economic participation becomes genuinely rewarding.
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