Tiso Blackstar | Radio 94.7 FM

Robor, the steel industry that has been providing exceptional service in the manufacture of steel goods for 97 years, is finally closing its doors.

The voluntary winding-up of an industry that manufactured steel pipes and other steel products is attributed to the poor quality, cheaper products manufactured by Chinese institutions.

In response, the Tiso Blackstar company said it was writing off its R137m investment it had invested in Robor.

The closure of Robor is widely regarded as a serious hall largely caused by the government’s policy of Chinese support at the expense of domestic companies, as well as the poor economic condition of the country due to the failure of the ANC regime.

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 that there is less of a need for that many call centre and walk-in centre agents on their roster.

This is yet another blow for South Africa’s economy, whose GDP retracted by more than 3% in the first half of the year.

While Multichoice’s decision was brought on by pressure from the impending take-over of the fourth industrial revolution, other companies have been forced into a corner with very little choice but to sacrifice a portion of its workforce to remain financially soluble.

What impact will this have on unemployment?
This development has not complemented
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