Tuesday, July 20, 2021

why south africa matters to us

https://rajeevsrinivasan.substack.com/p/ep-38-south-africa-matters-to-us?r=66qfh&utm_campaign=post&utm_medium=web&utm_source=copy

The terrifying riots there have died down a bit, but not before causing significant damage. Not only the deaths, but the damage to the economy and to investor confidence must be substantial. A major oil refinery was shut down, highways were blocked, telecom towers and warehouses were torched. Thousands of small businesses as well as malls were looted, and in many cases, burnt to the ground.

From an Indian point of view, the plight of Indian-origin businesses, as well as of people of Indian origin, is of great concern. There is the naive belief in some circles that because of the Gandhi legacy (after all, he lived in that country for years) and the respect Nelson Mandela had for him, there must be some goodwill among South Africans for Indians....

...

So which is it? A pure political spectacle as we see in India, or is it the aakrosham of a people who were restive anyway, but have been devastated by the pandemic? It is important for us to know. South Africa is a beautiful country; it is the locomotive economy for the entire continent; and if it collapses into a failed state, it puts a big crimp into India's own Indian-Ocean-Rim based economic prospects for the future.

No comments: