South Africa now has the worst unemployment in the world according to Bloomberg, and now falls among other disastrous countries such as Colombia, Cuba, Syria and Venezuela. For all Ramaphosa’s nice speeches and promises, he does not understand that one main goal of a good government, is to establish an economy, which gives the people of the country the opportunity to make an honest living. The ANC government is not doing this at all. They set an example of corruption and immaturity. Corruption does not build an economy. Looting is just that. It builds nothing. And then the ridiculous reasons put forward: free housing, free education, free everything, which only exacerbates the above. And if ANC supporters do not get it for free, they throw a tantrum like a toddler, and burn down everything they see.
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Unemployment in Socialist SA Highest in the World and Apparently Contributes to Riots and Looting!
Fitch Rating Agency Warns ANC Regime over Uncontrolled Spending and Unproductive Public Sector Salaries!
In a study published last week, the Fitch credit rating agency has warned the ANC government, which is still reluctant to consider public sector salary demands for the next three-year term, over it’s inability to exercise control over spending, which could lead to further budget problems.
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Billionaire Ramaphosa Says SA Economy is Racist? He’s Right! BBBEE Makes it Structurally & Institutionally Racist!
Cyril Ramaphosa who became a Quadruple Billionaire by racebaiting, wants more, and has now racebaited the entire South African economy, by calling it racist and colonial, and has said the lockdown affords the perfect opportunity to “restructure” it. Is even MORE BBBEE possible, or is it concentration camps for whites now? The High Court however has put a spanner in the ANC’s works and declared the Level 3 and 4 lockdown regulations invalid! The person who seems to be really in charge at the moment, the lockdown Regulation Queen, Nkosazana Dlamini-Zuma (NDZ), otherwise known as Dr. Twak, has also made the same kind of comments about restructuring the economy, but to get rid of WMC.
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ANC’s Totalitarian Lockdown Will Be More Damaging Than Covid-19 & Could Lead to Humanitarian Disaster – PANDA Actuaries
The Cure is Worse Than the Disease: Not only is non-compliance with the ANC’s draconian lockdown laws dangerous, but now a group consisting of South African actuaries, mathematicians, medical professionals and business people, called Data and Analytics (PANDA), has found that the expected loss of life due to the economic impact of continued lockdown will be 29 times worse than COVID-19 and related deaths. The group has found that the damage now being caused by the lockdown will be much worse than any expected overload on health services as a result of the Chinese CCP virus had there been no lockdown. PANDA also pointed out that the total number of CCPvirus related deaths, according to epidemiological models won’t differ whether there is a lockdown or not.
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Be it the Ramaphosa Faction or The Zuma Faction, it is Still The ANC, Which Whites, Coloureds & Indians Ignore at Their Peril!
Ramaphosa openly says he wants to build a future economy “for black people in the main”, yet many white people still want to believe that Ramaphosa is their saviour, even as he turns up the heat on the “frog boiler”. Cyril Ramaphosa recently made a speech in Durban where the catchphrases, cliches and misleading buzzwords rolled faster off his tongue than a mandela AK47 machine gun can spray bullets. This speech in KZN is no coincidence as the Zuma faction is growing stronger and making its intentions of ousting Ramaphosa clearer, however, it is still the ANC!
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“A Clean Slate” Boasts Ramaphosa? COVID-19 is Corrupt & Inept ANC’s Get Out of Jail Free Card, but They are Plundering and Messing That Up Too!
The ANC and black elites act like COVID-19 is the best thing to happen to them since this first world country, then the largest economy in Africa, was just handed to them on a silver platter, like a massive lottery win. The ANC regime are actively using COVID19 to not only cover up all their clumsy failures since then, but also to hide all their crimes over the last 3 decades. However their Covid19 response will be just another big failure for them, and is already rife with crime and corruption! In fact they like it so much Health Minister Mkhize said Covid19 will be with us for another two years and Cyril even joked a few weeks ago that lockdown will last till next year!
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Ramaphosa, ANC & Abdool Karim Want To Flatten the Economy, NOT The Curve, Because The Party & Socialism are More Important Than The Economy! COVID19: Converting Capitalism to Socialism…
#CommunistVirus The CoronaVirus presents an existential threat in SA, but to who? After the landmark presentation with Salim Abdool Karim last week, we were left with a feeling that something was not right. Now this is normal whenever it comes to anything to do with the ANC regime, but it is usually quite obvious. As the infection numbers come in everyday I have realised the problem. Karim has inexplicably pegged the return to semi or normal life at a very low, impossible threshold. In fact he says so himself when he admits that we cannot escape the Covid19 epidemic and that the curve will increase. He is right, the CCPvirus is here to stay and like the flu, we will all have to come to terms with it sooner or later. Obviously later, with the benefit of a vaccine would be preferable, but 80% of us will survive just fine without one.
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De Ruyter has an impossible task of saving bankrupt Eskom
The fact that Eskom is in a bad position is common knowledge, and this news are reaching investors abroad. The dire condition of SA’s economy makes investors hesitant to invest in the country since they will be risking their money in the maze. After the ANC regime finally realized, after 25 years of mismanagement, that..
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Junk Status looms – Implementation of NHI will have disastrous consequences for SA economy
AfriForum today sent a letter to President Cyril Ramaphosa, Finance Minister Tito Mboweni and Minister of Health Zweli Mkhize warning the civil rights organization that the implementation of national health insurance (NHI) could eventually lead to the downgrading of the country’s credit rating to junk status . This comes after the credit rating agency Moody’s..
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South Africa stuck in longest downward cycle since before Apartheid (1945)! Ramaphosa tries to talk it better…
Neither communism nor multiculturalism has ever worked, yet South Africa is implementing both at the same time to disastrous effect! Now Ramaphosa has vowed to rebuild crashing confidence in South Africa’s economy, and desperate South Africans, who want concrete things that can make a difference in the economy, have no choice but to hope he does. He promised real actions that “move the needle,” however in Africa accountability is not required.
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Diamond sales at a record low $1 billion drop for current year
The world-renowned De Beers Company is having an uphill battle in the world of diamond sales while the global economy looks less rosy. With its seventh sales for the current year, it is already clear that the huge $1 billion drop in sales is indicative of a general slump in the diamond industry. However, De..
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An unemployment reality check in SA – The impact of behaviour on the unemployment crisis – We have become a nation of takers
The economy is a superb construct that helps us to serve each other –and because the situation we are in rests so heavily on paradigms, we can turn things around pretty quickly by shifting those paradigms. We have become a nation of takers. Without recognising this we will not be able to fully understand the..
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Unemployment rates rise to 27.6% and remain one of SA’s biggest challenges
Statistics South Africa announces that unemployment rose by 0.5 percentage points to 27.6% in the first quarter of this year. The figures confirm economists’ presumption that economic growth in the first quarter was negative and unemployment remains one of SA’s biggest challenges. The SA economy started on a bitter note this year with unemployment rising..
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ANC cannot govern or grow the economy of South-Africa, the 25 years of destruction proves this fact – Only a change in government can rectify the situation
During the Parliamentary debate on Fiscal Framework 2019/20: Over the last quarter of a century, the ANC has shown again and again that it cannot govern or grow the economy. Only a change in government can rectify the situation. Until that happens, all attempts to cut state expenditure, like the announcement about reducing the salaries..
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State Capture wipes out third of SA’s R4.9-trillion – calculations on price tag don’t even touch on the untold costs of loss of trust, reputation and opportunity
The cost of State Capture hovers at around R1.5-trillion over the second term of the Jacob Zuma administration. That’s just short of the R1.8-trillion Budget for 2019. Put differently: State Capture has wiped out a third of South Africa’s R4.9-trillion gross domestic product, or effectively annihilated four months of all labour and productivity of all..
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