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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Fitch Rating Agency Warns ANC Regime over Uncontrolled Spending and Unproductive Public Sector Salaries!
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ANC Socialists Successfully Make Another 1.5 Million People Unemployed, Making Them Dependent on ANC Welfare Grants! Communism 101
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The CCPvirus remains the gift that keeps giving for large corporations and anti small business communists the world over, especially in South Africa where another 1.5 Million people have become unemployed. From “big box” big name retailers who are making record profits selling online, and having their small business competition permanently put out of business in lockdowns, to despotic socialist regimes like the ANC, who want more people dependent on them for welfare handouts, so they can control every aspect of their lives (and coerce them to vote ANC). However demand for welfare and emergency funds are high, with stiff competition from corrupt ANC cadres and thieves making away with large portions of the emergency loan funds already!
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SA economy in dire stress Mr Cyril! – No growth occurred and Gross Domestic Production shrunk by a shocking 3.2%
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Despite the great optimism surrounding Ramaphosa’s election as ANC president, there has been no growth in the domestic economy. Rather, the decline can be notice after the latest figures where released. Gross Domestic Production weakened by a shocking 3.2% in the first quarter of 2019. This is the biggest fall since the world wide financial..
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Population growth among Black community in SA only exacerbate the poverty cycle
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The ANC-EFF are forever going on about the high levels of inequality in SA. But the elephant in the room they refuse to discuss is the population growth among the black community. By having big families, poor people only exacerbate the poverty cycle. It is no coincidence that most fairly wealthy people have or come..
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Unemployment in SA rising amongst youth due to poor economic growth
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The unemployment rate of 53% among South Africans between the ages of 15 and 24 shows that young people are the worst hit by poor economic growth, according to a report from the Organisation for Economic Cooperation and Development (OECD). The OECD released its latest report on South Africa this week. According to statistics from..
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