Tafelberg Short: South Africa in BRICS. William Gumede

Tafelberg Short: South Africa in BRICS - William Gumede


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form of democracy in Turkey.’[9]

      China’s long-term stability is uncertain. At the moment China’s approach is one of a managed democratic opening: gradually liberalising its politics but holding opposition, dissent and the Internet on a tight leash while keeping economic growth rates high. China needs Africa’s raw materials to keep on growing at high levels if it is to keep the millions of impoverished Chinese on board. The moment economic growth slackens and the economic benefits to millions of poor Chinese slows, a North African-style revolt against the autocratic government will become a reality there too.

      There is a power vacuum in the world: the emerging market economies are growing stronger, but not strong enough to replace the old industrial powers just yet.

      A world in flux offers South Africa an extraordinary opportunity. If strategic, and if it has the right quality of leadership and ideas, a robust democracy, and it acts as South Africa Inc., the country could be the factory of a rapidly growing Africa, much as Japan was in Asia immediately after the Second World War. While part of BRICS, South Africa must balance its engagement between BRICS, other emerging markets such as Turkey, and the industrial powers in the West.

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