Instability in the Red Sea and Strait of Hormuz has pushed a growing share of world shipping around the Cape of Good Hope, with the World Bank estimating Cape rerouting rose more than 50 percent as Houthi attacks intensified. Analyst Joan Swart argues South Africa has failed to treat the Cape Sea Route as the strategic national asset it is, unlike Singapore, which built decades of investment around its geography. Ships rounding the Cape choose w…