Marxist theory meets South Africa’s economic struggles

South Africa's economy, grappling with escalating unemployment and a plummeting GDP, reveals a disconcerting truth about the country's current predicament. The ruling African National Congress's (ANC) Marxist policies and the fallout from the Covid-19 pandemic have aggravated the situation, contributing to increased poverty and an exodus of foreign investments. The ANC's survival strategies appear to overshadow their focus on national economic issues, sparking rampant corruption, nepotism, and a lack of accountability. Such a scenario has caused would-be investors and entrepreneurs to retreat, further destabilising the economic landscape. As South Africa faces these mounting challenges, the call for significant reforms and increased governmental accountability is now more crucial than ever.