Posts tagged with 'economic growth'

 

Two Faced Ramaphosa Takes The Low Road of Handouts, Revenge & Flogs The Dead Apartheid Donkey Again, Despite 24 Times More Murders Under ANC Regime Than Apartheid!

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Two Wrongs Do Not Make A Right: Choosing the socialist road of enforcing dependency from handouts and victimhood, Ramaphosa, who became a Billionaire simply because he is black, has such a distorted world view, because his billions were just handed to him, he has no concept of what success or viability or sustainability or nationhood is. Like all Socialists, he seems to think the gravy train has no end and he can just keep punishing the hand that feeds him on the gravy train, whilst rewarding those who steal, plunder and vote for socialist grants. Ramaphosa has essentially admitted defeat when it comes to getting South Africa prosperous again, he appears to have no interest in that whatsoever.

Cyril Ramaphosa, seems to have changed direction and has moved on from blaming CCPvirus and has gone back to put the blame for South Africa’s imploding economy, before the outbreak of the CCP-virus, squarely on the shoulders of the usual suspect – ancient history of apartheid.
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SA debt burden sky-high, municipalities bankrupt, SOE’s a huge burden on taxpayers’ shoulders, and ANC regime not capable to find solutions that are feasible and effective

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Finance Minister, Tito Mboweni issued a cold warning Wednesday in his Medium Term Budgetary Framework (MTBR), and said if action is not taken urgently, South Africa could end up in a debt trap, with rising interest payments on debt, higher interest rates and even higher unemployment. This admonition comes amid a sharp lower adjustment in the expected economic growth for this year – from 1.5% in February’s budget to just 0.5%.

Minister Mboweni painted a dark picture, but not as dark as it should be, economists say.

Rating agencies may welcome its offering, and markets may be somewhat upset about its view of certain aspects of growth and debt burden.

But it also ends there, because the same agencies and markets may react negatively because Mboweni provided a clear lack of broader details on how all the chaos would be reversed.

A shocking interim budget has hit South Africa because with a promise of a budget and growth that is 2% higher over the next three yea
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New health plan poses huge risk to SA’s economy and would be disastrous if implemented – even far left FW de Klerk Foundation have their doubts

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The ANC regime has South Africa’s people in a huge dilemma with its National Health Plan.

Foreign media reports that a government spokesman said the plan would be implemented gradually, but that would depend on the economic growth achieved.

Experts point out that the country will not show any significant growth in the next five years, with the massive unemployment still rising.

The plan is believed to be “rolled out” in phases as economic growth improves, but experts point out that nothing has been said about what will happen if the economy recedes further.

Opinionists believe this will mean that the tax assessment could increase dramatically, and ultimately the entire Plan fails.

Even the far left FW de Klerk Foundation believes implementing the Health Plan will be a disaster again for South Africa.

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