As we begin the new year, the South African economy remains in frightful shambles.Unemployment has risen to a record high in 11 years and the never-ending retrenchments have spilt over from last year with Telkom announcing recently its plan to retrench more than 3 000 workers.South Africa is now sitting with the possibility of losing more than 9 000 jobs.
Just weeks into the new year, South Africa is now sitting with the possibility of losing more than 9 000 jobs. This is a social disaster. It needs an immediate response and not the long-lasting opposing rhetoric that we are used to, such as “we must attract foreign investment”, “we must create more jobs” and “we must improve our public service”.This is what was said at the governing ANC’s 108th birthday celebrations, at the Business Economic Indaba and the recent ANC lekgotla.South Africa’s economic growth forecast this year by the World Bank will fall from 1.5% to 0.9%.
The SA Communist Party called the paper “elite, capitalist proposals” while labour federation Cosatu said it was and “incoherent, confused and unreliable plan to the bolster economy”.
It’s become a devastating fire fueled by cadre deployment. Brace yourselves!
Lord hvae a mercy 😭😭😭😭