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..
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Trade unions are going to “support” the unbundling of Eskom in fear of job losses
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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
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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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National Health Plan is going to need at least R180bn to R250bn for 12-month spending – with SA’s faltering economy that’s a disproportionate amount
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Implementing a National Health Plan does not mean, like Eskom, demanding a R50 billion from the government’s money it has collected from taxpayers. The reality is, too, that it cannot come into effect by making a slight upward adjustment in the personal taxes levied. The reality is that at least R180bn to R250bn will be..
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Unemployment rate grows to 29%, while SA’s economy declines – Ramaphosa’s promises of new job opportunities, all lies
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South Africa’s economic crisis is causing increasing violence, and is linked to several factors, the poor growth rate of less than 0.5% being a scapegoat. Compared to the previous year, about 25,000 jobs became available, but that’s a drop in the bucket against the myriad of school leavers of 598,000 who want to enter the..
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Mboweni’s truths: We are bankrupt and people will lose their jobs – If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more
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There is a line in Finance Minister Tito Mboweni’s brutally honest 2019 Budget Speech that I can’t get out of my head. “We are borrowing R1.2bn a day.” Read that again. Let it sink in. If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more. Some perspective: R1.2bn is..
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Economic growth and housing in South Africa are not keeping up with population increase- housing shortage is a disaster waiting to happen
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Everyone in South Africa deserves human dignity, a habitable home and food on the table. The reality, however, is that the country’s economic growth rate of less than 1% is not keeping up with the population increase of 1,5% and unless that changes, we will be faced with unemployment and poverty. There are people who..
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More than 12,000 jobs in poultry industry can be lost – SA industry was harmed by ANC regime when tons of frozen, poorer quality chicken carcasses where imported from USA
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The poultry industry is facing a new crisis that could cause more than 12,000 jobs to be lost in the industry. The SA Poultry Association is accused of having employed a so-called “gate-waiting” strategy when applying their 82% tariff increase to poultry imports. The application was sent to the International Trade Administration Committee, which has..
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These South African companies are retrenching staff in 2019 – Most probably BEE compliant as well – Unemployment has already soared to 27.5%
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Multichoice has joined the bandwagon of South African companies that are cutting jobs to stay afloat in these difficult times. Why are these South African companies retrenching staff? The satellite network stated that, although billions of rand in returns were reported for the 2018/2019 financial year, consumer behaviour and data on their digital self-service shows..
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Parmalat joined a growing list of private sector companies embarking on restructuring that could leave hundreds of its workers jobless
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The company announced a process to change it’s distribution model first in January and its implementation began in the middle of May. According to the company, the new model involved partially outsourcing components of its logistics distribution network to an external provider. Distribution services in Polokwane, Nelspruit, Bloemfontein, Upington and George have already been outsourced..
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SA liquidations increase by over 53% – economy’s poor performance is attributed to power supply, violence conditions, strikes, corruption, etc.
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While the ANC president, Cyril Ramaphosa made huge promises of foreign investors and many jobs for the 28% who are looking for jobs and not getting, new setbacks are coming to the surface. The number of liquidations recorded in South Africa has increased by 50% during April this year, indicating the real state of the..
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Eskom crisis as not just a crisis but a potential disaster – Eskom Price Hike To Cost SA 90,000 Mining Jobs – Unemployment rates to rise, all thanks to Eskom!
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Labor unions have threatened strikes over the job cuts at mining firms as well planned reductions at a numerous state-owned companies. JOHANNESBURG – South Africa’s gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an..
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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
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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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ANC Achievements after 25 years of governing South-Africa
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Vote ANC: We have increased the crime rate, poverty, unemployment and corruption Welcomed the Guptas, gave them citizenship, and allowed state capture We allowed the Marikana, Esidimeni and VBS bank scandals to occur Our cadres assisted in messing up our schools, health and municipal services, the SABC, Eskom, Prasa, SAA, Armscor, Transnet and other SOE’s…
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ANC took all the political power in SA, 25 years ago and launched initiatives such as BEE and Affirmative Action to help the previous disadvantage people, but why are these so called people still living in shacks, still going hungry, still unemployed and poor?
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Come, black man, black woman in South Africa – tell us this: You are poor. You are unemployed. You are still in the shack. You are still hungry. 25 Years ago the ANC took all the political power in the country and launched initiatives such as BEE and Affirmative Action to help you. Why are..
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Cleaning project at Nelson Mandela Bay worth more than R5.8 million struggles to kick off, one can only imagine where taxpayers money disappear to if it is not being used for the original purpose, certainly into some very fortune politicians ‘wallet ?
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The Nelson Mandela Bay’s informal settlement were earmarked to undergo a “cleaning” project on November 1, 2018. The so-called “clean & green” project would have created 200 temporary jobs. Initially, head of public health, Yolisa Pali disrupted the project as she was not familiar with the task. So the plan was postponed to December 1..
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