Page 40 - IRMSA Risk Report 2023
P. 40
7.3
FAILED
STATE
All the metrices are telling us that we are a Failed State. State capture is both
systemic and systematic, severely damaging our economy. Poor infrastructure, poor
service delivery, corruption, together with weak governance, contributes towards
the state failure of South Africa.
In the last 10 years, GDP growth of South Africa has not reached 2%. With population
growth being 1.5% and GDP only growing by 1.5%, South Africa is standing still –
in fact, the South African economy is going backwards.
The country is the most unequal society in the world, as well as having the highest
unemployment rate in the world.
PROFESSOR BONANG MOHALE
BUSINESS UNITY SOUTH AFRICA
40 IRMSA RISK REPORT 2023/24
