Posts tagged with 'unemployment'

 

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 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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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 of Members of Parliament and provincial legislatures, are welcome. However, attention must also be paid to the system of salary increases and automatic performance bonuses paid to the senior management staff of all state departments. It must also be restricted seeing as it is a real problem.

The FF Plus says that the Cabinet must be made smaller and that the number of state departments must be reduced. The fast-growing wage bill must also be reduced by all means possible. In addition, there must be a spending ceiling that leaves no room for unauthorised expenditure.

Economic growth must be stimulated. Without it,
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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 you still poor after all this time? Is it Jan van Riebeeck or HF Verwoerd or Eugene TerreBlanche? Is it any of them who tells you how you were robbed of land and abused and disadvantaged, but behind your back they pose for pictures with their personal fashion designer?

No black man, black woman – these are the men who live in opulence, with their bellies full with your children’s food, who wears the fancy suits and expensive watches and live in mansions with many rooms, who drives a fancy car and never bothers to ride in a bus or a train – these are the men who do not lie awake at night worrying about the candle that might set the shack
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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 and yet again it couldn’t start due to a shortage of workers and the attention was shifted to clean up beaches.

Questions are asked about the hundreds of unemployed people in the area and of course why the neighborhoods are so dirty and where are the funds currently?

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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