Posts tagged with 'GDP'

 

ANC Nanny State is Here to Stay! Covid19 Proved ANC Ignores Scientists, Have No Trust in the People & Prefer Total Power, Control & Dictatorship!

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People said it was just a “conspiracy theory” that Government could lock you up, take away your income, make you completely dependent on them and control every move you make, control what and when and how you eat, buy things or go out! The worst part is they are doing it with something we cannot even see or touch! Just one speech to the nation and kerchink! Lockdown! Economy Closed! Once the ANC realised what an obedient country we are, they quickly moved to implement more totalitarian plans, and cherry picked which scientist or advisers recommendations they would pretend to follow, when in reality they just used advice from advisers that agreed with their predetermined big brother path, to manufacture consent. However, this path where poverty is caused by the lockdown, will kill, according to a PANDA businessman.

Russell Lamberti, a businessman and PANDA member, says the economic contraction caused by the lockdown will cause loss of life. The poverty cause
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ANC’s Totalitarian Lockdown Will Be More Damaging Than Covid-19 & Could Lead to Humanitarian Disaster – PANDA Actuaries

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The Treatment is Worse Than the Disease: Not only is non-compliance with the ANC’s draconian lockdown laws dangerous, but now a group consisting of South African actuaries, mathematicians, medical professionals and business people, called Data and Analytics (PANDA), has found that the expected loss of life due to the economic impact of continued lockdown will be 29 times worse than COVID-19 and related deaths. The group has found that the damage now being caused by the lockdown will be much worse than any expected overload on health services as a result of the Chinese CCP virus, had there been no lockdown. PANDA also pointed out that the total number of CCPvirus related deaths, according to epidemiological models, won’t differ whether there is a lockdown or not.

The point being made is that it is inevitable that people will die because of COVID-19, mainly because we do not have a cure. The total amount of COVID-19 related deaths will just be spread out over a longer
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Matric class of 2019 will struggle to find jobs – SA Youth unemployment rate rose to 58.2 percent in the third quarter of 2019

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South Africa’s matric class of 2019 has achieved impressive results, but may struggle to find work as the country faces constrained employment in 2020.

John Botha, chief operation officer at Global Business Solutions, said that this is highlighted by the country’s current growth level. Using a labour elasticity formula he noted that for each 1% growth in the GDP there is a corresponding 0.7% growth in employment.

“With a forecast 1.5% growth in 2020 along with accelerating technological disruption, the best-case scenario is that there may be around 100,000 new jobs created,” he said.

“This is a major challenge given that more than 500,000 grade 12s left the secondary schooling system in 2019.”

South Africa’s unemployment rate climbed to 29.1% in the third quarter of 2019 – its highest rate in over 16 years, while the real unemployment rate is closer to 40%.

Botha’s comments align with data from the Manpower Group’s Employment Outlook
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ANC regime has driven SA to junk status – GDP drops by 0.6% in 3rd quarter – SA is going to struggle to get rid of its economic crisis

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The financial decline that continues in South Africa has given the business sector reason to become more concerned about future business activities in most business areas.

Gross Domestic Product (GDP) declined by 0.6% in the third quarter of 2019, according to the Statistics Service’s report.

Calculated on a year-to-year basis, this is seen as a downturn that the economy has now stagnated, thereby having serious consequences for job creation.

The government hoped for a 1.5% growth rate, but economists warned that the target could not be achieved if sufficient new jobs were not created.

South Africa is now in a junk status phase, and although Moody’s is the only rating agency still trying to hide it, it’s clear that in the next decade the country will struggle to get rid of its economic crisis.

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South Africa stuck in longest downward cycle since before Apartheid (1945)! Ramaphosa tries to talk it better…

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Neither communism nor multiculturalism has ever worked, yet South Africa is implementing both at the same time to disastrous effect! Now Ramaphosa has vowed to rebuild crashing confidence in South Africa’s economy, and desperate South Africans, who want concrete things that can make a difference in the economy, have no choice but to hope he does. He promised real actions that “move the needle,”  however in Africa accountability is not required.

After a decade of low growth and deepening poverty, South Africans are looking for signs of progress, according to President Cyril Ramaphosa. He pledged “concrete things” to rebuild confidence in the economy.

This year, the economy will record growth lower than expected, Ramaphosa said. The GDP growth forecast for 2019 has been revised by the National Treasury to 1.5 percent, from an estimated
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