Steve Hayes, CEO of the US Corporate Council on Africa, gets alarmist. Wearing my Brand South Africa hat, I respond:
If nothing else, it takes courage to go public with a piece like your latest column on the US News and World Report website. One has to assume that dues-paying members of the Corporate Council on Africa might prefer its CEO to abstain from sounding shrill alarums about the continent’s most advanced and diversified economy particularly when that economy’s president is due in Washington in a few weeks time.
You lament what you see as South Africa turning away from the US and Western Europe and towards its partners — China, India, Brazil and Russia — in the BRICS grouping of major emerging markets. Could you blame us if the analysis in your article accurately reflects thinking in America’s boardrooms? Happily, I don’t for a moment believe it does. Nor, I would argue, is it correct to see the BRICS partnership as necessarily hostile to US or European interests. That smacks of Manichean oldthink.
South Africa — and on this you are right — is presently in a difficult place. But the one place we are not is in denial. The woes you list we fully acknowledge. Have you read the diagnostic on which our National Development Plan based? Were you listening when the ANC embraced Goldman Sachs’ “Two Decades of Freedom” evaluation not just for the laudatory sections but in its warts and all totality? Have you been keeping current with everything our government has been saying, especially since the election? You do not have to listen that closely to hear genuine urgency in the voices of our leaders. The ratings agencies are not telling us anything we don’t know or that we aren’t addressing. Continue reading “An Open Letter to Steve Hayes”