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.
Continue reading…
Unemployment in Socialist SA Highest in the World and Apparently Contributes to Riots and Looting!
SA faces losses of R12 billion after US threatens to kick the ANC regime out of a tax-free export agreement
The United States is threatening to kick SA out of its tax-free export agreement which could lead to job losses and economic disadvantages. The threat comes after it became known that the ANC’s president would sign a bill. Cultural groups have apparently urged Cyril Ramaphosa not to sign the Copyright Amendment Bill, as the US..
Continue reading…
Trade unions are going to “support” the unbundling of Eskom in fear of job losses
According to Gwede Mantashe, trade unions currently opposing the unbundling of Eskom will eventually have to change their position and support the move. According to him, everyone in the country has a duty to save the economy and also the country. Trade unions fear that job losses will occur if the entity is unbundled into..
Continue reading…
South Africa’s unemployment crisis: 69 000 jobs lost in four months
Stats SA revealed that employment in the non-agricultural formal sector dropped from 9 817 000 in March 2018 to 9 748 000 in June 2018. South Africa’s unemployment crisis continues to worsen as reports reveal thousands of jobs lost during the second financial quarter. Statistics SA released its latest Quarterly Employment Statistics (QES) bulletin on..
Continue reading…
Nearly 50% of Northern Cape without jobs
The Northern Cape has the highest expanded unemployment rate in the country with almost half the Province’s population unemployed. According to the latest statistics released by Stats SA, the expanded unemployment rate (which includes the unemployed as well as those available for work who did not look for work) in the Province has jumped to..
Continue reading…