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 country.
Companies are losing the battle one after another due to the rough condition in the country.
Economists point out that a country’s growth is closely linked to power supply, violence, strikes, corruption, and a number of other factors.
Liquidations increased by just over 53% while in February and March it was less than 10% compared to previous periods.
What makes this remarkable is that the largest number of businesses voluntarily went into liquidation, which means there is no confidence in the business that the country’s economy will improve.
Businesses have now taken an expectant stance to
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