{"id":2866,"date":"2012-10-16T07:16:38","date_gmt":"2012-10-16T07:16:38","guid":{"rendered":"http:\/\/praag.org\/?p=2866"},"modified":"2012-10-16T07:16:38","modified_gmt":"2012-10-16T07:16:38","slug":"wsj-trashes-sas-black-government","status":"publish","type":"post","link":"https:\/\/praag.org\/?p=2866","title":{"rendered":"WSJ trashes SA’s black government"},"content":{"rendered":"

\"\"<\/a>The Wall Street Journal has published an article painting a bleak picture of South Africa’s economy, saying labour unrest has caused its economic growth to fall behind other African states.<\/p>\n

“The unrest is exposing a stark reality – South Africa is falling behind, even in Africa,” read the Wall Street Journal article, published on its website on Friday.<\/p>\n

The article said Rwanda, which had 800 000 people killed in the same year the ANC took power, had managed to achieve annual economic growth near 8% since 2004, more than double South Africa’s 3.7% growth rate during the same period.<\/p>\n

It said that when Zambia held its democratic elections in 1991, it scrapped nationalisation, but South Africa “is debating nationalisation and other ways to intervene in the mining sector”.<\/p>\n

Countrywide strikes coupled with unemployment and income disparity were posing a grave challenge to the ruling party, read the Wall Street Journal article.<\/p>\n

Brazil’s economy had grown around the same pace as South Africa’s but its income disparity had diminished, it added. – Sapa<\/p>\n","protected":false},"excerpt":{"rendered":"

The Wall Street Journal has published an article painting a bleak picture of South Africa’s economy, saying labour unrest has caused its economic growth to fall behind other African states. “The unrest is exposing a stark reality – South Africa is falling behind, even in Africa,” read the Wall Street Journal article, published on its … Continue reading “WSJ trashes SA’s black government”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,3,4],"tags":[854,1801,1714,166,61,182,12250,1805,1806],"class_list":["post-2866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-finance","category-news","category-south-africa","tag-africa","tag-economic-growth","tag-growth","tag-jacob-zuma","tag-nationalisation","tag-rwanda","tag-south-africa","tag-wsj","tag-zambia"],"cc_featured_image_caption":{"caption_text":false,"source_text":false,"source_url":false},"jetpack_featured_media_url":"https:\/\/praag.org\/wp-content\/uploads\/2012\/10\/downturn.jpg","_links":{"self":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/2866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2866"}],"version-history":[{"count":2,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/2866\/revisions"}],"predecessor-version":[{"id":2869,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/2866\/revisions\/2869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/media\/2867"}],"wp:attachment":[{"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}