I have always appreciated Roelof Botha’s insights and what seem like contrarian views (“Growth drivers coming to the fore”, September 21). I appreciate the way he offers insights that improve my understanding, and he is optimistic.
Some thoughts, though: real 0.3% GDP growth is negative real GDP growth per capita, which means SA citizens will on average be worse off.
How should expenditure on renewables be counted? Certainly it is capital formation, but it is arguably being offset by depreciation and capital destruction at Eskom if we are still undergoing load-shedding.
I wonder how many electricity-generating fuel (coal) exporting countries are importing as much electricity-generating fuel (diesel) as us? This speaks of the failure of Eskom.
Greg Becker
Via BusinessLIVE
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