South Africa now has the worst unemployment in the world according to Bloomberg, and now falls among other disastrous countries such as Colombia, Cuba, Syria and Venezuela. For all Ramaphosa’s nice speeches and promises, he does not understand that one main goal of a good government, is to establish an economy, which gives the people of the country the opportunity to make an honest living. The ANC government is not doing this at all. They set an example of corruption and immaturity. Corruption does not build an economy. Looting is just that. It builds nothing. And then the ridiculous reasons put forward: free housing, free education, free everything, which only exacerbates the above. And if ANC supporters do not get it for free, they throw a tantrum like a toddler, and burn down everything they see.
Unemployment in Socialist SA hits 44.4% including those who don’t want to work, which apparently contributes to Riots and looting!
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Fitch Rating Agency Warns ANC Regime over Uncontrolled Spending and Unproductive Public Sector Salaries!
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In a study published last week, the Fitch credit rating agency has warned the ANC government, which is still reluctant to consider public sector salary demands for the next three-year term, over it’s inability to exercise control over spending, which could lead to further budget problems.
South Africa is nothing like Australia, New Zealand or Canada – the number living in poverty is considerably higher – 23 million people!
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SA has to compare itself with ‘like’ nations to understand its place in the world. When it comes to the economy, many South Africans seem to have a warped measure of where the country fits in among other nations and needs to keep in mind South Africa is now an African nation.
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