If you find yourself having to take the wheel of a bus that is steadily gathering speed downhill, it is probably wise not to slam on the brakes or to haul it around in a sudden u-turn. Rather, try to gain control over it gently, while you figure out your best options for bringing it to safety.
The Mo Ibrahim Foundation says that South Africa is the continent's fourth-best governed country on the African continent.
It its latest Ibrahim Index of African Governance (IIAG), the organisation ranks all 54 African countries using 15 years of data from 33 independent institutions.
The organisation notes that each country gets an overall score out of 100, with the total scores composed from four main categories (each with their own subcategories): safety and rule of law, participation and human rights, sustainable economic opportunity, and human development.
South Africa maintains a strong ranking for human rights and sustainable economic opportunities, coming in second on the continent, according to the Mo Ibrahim Index.
However, Mo Ibrahim Foundation board member, Jay Naidoo, says the issue of crime in South Africa should be a primary focus of government.
The World Economic Forum on Africa which takes place in Cape Town this year, has already attracted over 1 000 participants from more than 75 economies.
Three heads of state including President Jacob Zuma are expected to address delegates and this year's meeting will focus on 10 global challenges of the World Economic Forum.
The South African Institute of Race Relations (SAIRR), a liberal think-tank, states that, the labour law amendments to regulate labour broking and plans to extend minimum wages will keep unskilled youngsters out of the economy.
The SAIRR says, “Contrary to what it claims‚ the government is doing more to hinder than to help young people participate in the economy.”
Poverty reduction, inequality and unemployment are expected to take a centre stage as the 14th session of the Africa-Nordic foreign ministers dialogue enters its second and final day at Mookgopong in Limpopo.
The forum, which was established in the year 2000, aims to establish new perspectives for the friendship, cooperation and solidarity that exists between various African countries and the Nordic countries.
The South African Human Rights Commission (SAHRC) says that over half of South Africa's credit-active consumers are over-indebted.
SAHRC Western Cape provincial manager, Karam Singh, points out that, “Of 19 million credit-active consumers in South Africa, 50 percent had impaired credit records, three months plus in arrears.”
Singh says that the macro-economic system that South Africa has continues to favour historical wealth creation and that the country’s economic system perpetuates inequality and is characterised by weak regulatory oversight.
Small Business Minister, Lindiwe Zulu, says foreign shop owners must share their trade secrets with people in townships where they operate to curb violence and looting.
Zulu points out that, “Black people were never part of the economy of South Africa in terms of owning anything, therefore when they see other people coming from outside being successful they feel like the space is being closed by foreigners.”
She says that it is important for the foreigners to share with the South Africans about what it is that makes it possible for them to be successful.
The United Nations Population Fund (UNPFA) says the returns on smart investments in young people could be as much as US$500 billion a year to sub Saharan economies over the next 30 years.
In its report titled ‘The Power of 1.8 Billion: Adolescents, Youth and the Transformation of the Future’, the UNPFA highlights that developing countries with large youth populations could see their economics soar if the right investments are made in education, health planning and protection of rights.
New data by the Richest Lifestyle magazine, which captures the outlook of the gross domestic product (GDP) in each country as of 2014, reveals that Malawi is ranked the eighth poorest country in Africa.
The ranking takes into account the total market value of goods and services produced by the national economy during the last year in regards to each person in the country.