12 May 2023 - Head of Policy Analysis at the CRA, Chris Hattingh, discusses how South Africa's perceived support for Russia, could harm the country's relationship with the United States, and put the African Growth and Opportunity Act (AGOA) agreement in jeopardy.
Chris Hattingh is Executive Director at the Centre For Risk Analysis (CRA). With a special focus on trade, investment, and economic matters, as well as foreign policy, Chris serves on the Executive Board of the Global Trade and Innovation Policy Alliance, sits on the advisory council of the Initiative for African Trade and Prosperity and holds the position of Senior Fellow at African Liberty. Chris holds an MPhil (Business Ethics) degree from Stellenbosch University. In his role at the CRA, Chris leads strategic engagements and briefings to clients across South Africa, as well as globally.
Since the beginning of 2023, there has been only a single 24-hour period free of rolling blackouts in South Africa,” wrote CRA director Chris Hattingh. “Eskom’s latest energy outlook [up to March 20] suggests this is likely to continue, with the state electricity company being unable to meet the demand for electricity during any week through to at least March 2024.
The Head of Policy Analysis at the Centre for Risk Analysis Chris Hattingh told BizNews that South Africa was playing with fire and says buzzwords like non-alignment and neutrality might not be enough for Western nations to continue giving South Africa access to their markets through agreements like the Africa Growth and Opportunity Act (AGOA).
SA could pursue state support for certain industries or goods on a carefully considered and precise basis.
SA’s risk premium has increased exponentially over the last few years. The government’s preference for control was most recently concretised in the signing into law of the Employment Equity Amendment Bill, indicating a preference for even more state power over the economy and society.
His sentiments were echoed by Centre for Risk Analysis policy analyst Chris Hattingh, who said that while a total grid collapse was improbable, it was not impossible. He said the effects of load shedding had already been devastating.
Couched in the language of revolution, the EFF must rely on events such as ‘national shutdowns’ to both test the general national mood of political change, and to try and figure out where its own support levels lie.
Forced dependence upon meagre handouts cannot be seen as anything but a tragedy.