Standard & Poors delivered a scathing verdict on the management of the SA economy in their downgrade report. In the accompanying article the editor of the Business Day newspaper explains that South Africa has a growth problem, the result of an overly aggressive focus on redistribution. The golden goose – the part of the economy that created the wealth to be distributed in the first place – has been killed by neglect and mismanagement. Chillingly, it does not matter who takes over from Zuma in December, the problem will not go away.

Business Day Editorial 2017-11-27