Posts tagged with 'unemployment'

 

Ramaphose’s dreams on new job creation opportunities are not taken seriously – bigotry and mismanagement go hand in hand amidst the ANC-regime

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With the announcement of President Cyril Ramaphosa that a new business venture in Pretoria would lead to the creation of 6,700 new jobs, no one really got excited.

Even the credit rating agency didn’t care, because nothing could make the nearly 30 million unemployed cheer as a drop in the bucket.

Of course, there will be substance to gratitude for every new job created, but why the ANC government, and its president, are excited about it, know soberly.

It was not through them that the venture was undertaken, but just as with the rugby victory in Japan, Ramaphosa wants to be seen where success was achieved, as if it was through him.

Over the years, big talk has not helped to determine the future – only thorough knowledge and research, good planning, and subsequent execution of the plan will bring the expected good results with honest and hard work.

The bigotry and endless mismanagement go hand in hand, and both are equally worthless in today’s time of high
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The ANC can no longer rule South Africa – unemployment rate highest in 11 years and increased to 29,1%

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South Africa’s unemployment rate has increased by 0,1 of a percentage point to 29,1 percent in the third quarter compared to the second quarter, the highest it has been in 11 years.

Statistics South Africa (StatsSA) said on Tuesday that the number of employed persons increased by 62 000 while the number of unemployed persons increased by 78 000, resulting in an increase of 141 000 in the labour force.

The South African working-age population increased by 149 000 in the third quarter compared to the second quarter

There were approximately 10,3 million persons aged 15–24 years in the quarter, and 32.3 percent (or 3.3 million) of them were not in employment, education or training (NEET).

The number of discouraged work-seekers increased by 44 000 while the number of people who were not economically active for reasons other than discouragement decreased by 35 000 between the second and third quarters, resulting in a net increase of 9 000 in the not economic
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Businesses go bankrupt in SA – Not only Edcon is struggling to keep head above water, many companies are closing their doors and causing unemployment

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It is not only the Edcon clothing industry that is struggling, as many businesses have had to close their doors in recent months.

This is a far darker picture than Edgars had managed to get a loan to relieve his debt burden and retain his staff.

Edcon would not have been able to smoke the pipe if it had not received a lifeline of R2.7 billion, but that benefit did not befall the smaller businesses and more companies were forced to close the doors.

Edcon had another advantage – no one wanted to see its 140,000 workers lose their jobs, but small businesses couldn’t keep their staff, and retrenchment was pretty “unobtrusive”.

Construction company is suffering from poor economic conditions, and Group Five is struggling to keep its 3,500 workers in service.

However, this is just the tip of the iceberg, and if the scale does not swing positively, economists provide a greater dark time for workers in the country.

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TAU SA: Draconian idea of ​​expropriation without compensation by ANC regime cannot continue – South Africa and its inhabitants too precious to implement dangerous policies that threaten fundamental economic and other structures and systems in the country

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TAU SA, once again, as part of the ad hoc group focusing on the government’s expropriation without compensation, has just met again to reflect on the matter.

The convener of the Ad hoc group, Mr. Jaco Schoeman said at the last meeting that the future of South Africa and its inhabitants was too precious to allow the draconian idea of ​​expropriation to continue without compensation.

In the face of worsening poverty and rising unemployment, the government persists in its pursuit of harmful and dangerous policies that provide no solutions to the socio-economic issues facing South Africa. On the contrary, policies such as expropriation without compensation further undermine fundamental economic and other structures and systems in the country and pose an enormous threat to economic and accompanying social progress.

Once again, concerns have been expressed that the government is pursuing the policy of land expropriation without compensation
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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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Mboweni’s truths: We are bankrupt and people will lose their jobs – If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more

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There is a line in Finance Minister Tito Mboweni’s brutally honest 2019 Budget Speech that I can’t get out of my head.

“We are borrowing R1.2bn a day.”

Read that again. Let it sink in. If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more.

Some perspective: R1.2bn is the value of Bosasa’s biggest two tenders, combined, that we borrow per day. Or: with R1.2bn, you can build about 8 000 low-cost houses. And that is what we borrow per day.

We are borrowing just to keep the lights on, to service our debt and to keep the state ticking.

Any Grade 10 learner with a basic grasp of mathematics will tell you that we are doomed to fail if we keep on spending more than what we earn. It’s literally that simple.

Mboweni had the tough job of breaking this news to South Africans. He didn’t mince his words and his ANC colleagues sat stone-faced as he punted se
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Unemployment rate drops by 29%, while SA’s economy declines – Ramaphosa’s promises of new job opportunities, all lies

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South Africa’s economic crisis is causing increasing violence, and is linked to several factors, the poor growth rate of less than 0.5% being a scapegoat.

Compared to the previous year, about 25,000 jobs became available, but that’s a drop in the bucket against the myriad of school leavers of 598,000 who want to enter the job market.

The SA Statistics Service’s most recent report thus shows that 24 people enter the job market but for them there is only one job available, leaving the other 23 unemployed.

The non-agricultural occupations in employment continue to show a declining trend among the various categories, which means a loss of nearly 150,000 jobs.

The agricultural sector has the same trend, while private households offer about 45,000 fewer jobs than a year ago.

According to economists, the reduction in jobs is attributed to the poor economy and the rising labor costs caused mainly by unions.

-Vrybur
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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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