In my opinion the current state of Governance in South Africa is abysmal. Regulatory bodies within South Africa failed in the design, implementation and monitoring of regulations over a number of years. This resulted in a tremendous amount of tension between various stakeholders across the country. Employers, employees, political parties, worker unions, government, religious groups, social groups and the general public all have to deal with different kinds of pressures due to the lack of proper implemented governance. The built up pressure arguably reached the boiling point at the Markina mining disaster not so long ago, which resulted in the tragic death of lives. Subsequently Lonmin gave into the miners demand and agreed to an excessive wage increase, which resulted in a snowball effect. Unions and workers across various industries engaged in extended illegal strike, demanding excessive wage increases. On first glance an outsider will most likely blame the employers and shareholders for exploiting workers as they are being poorly paid and live under poor conditions. Upon deeper reflection I think the blame should lie with poor governance in South Africa. There has been a failure to in terms of governing and implementing regulations pertaining to the aforementioned matter.
1. BEE regulations – This regulations has failed to reduce the gap between the wealth and the poor as a matter of fact the gap has actually widened according to a recent article Cried the beloved country in The economist (20th Of October). The regulations have only managed to benefit a few black elitists with close ties to the government.
2. Minimum wages or wage guidelines - There lack of the any regulations whatsoever and the subsequent support from government for the unions and employers and lack of support from the government to employees without any wage guidelines is appalling. The South Africa companies are ultimately