Tuesday, June 28, 2011

Why South Africa Will Never Be a Normal Country



Not now, not in 50 years, not 1000 years, not even until Jesus comes back.

Mike Schussler, a top man in economics (and always positive) has said as much as my headline has, just in another way (yes I spin doctored the headline, just like an ANC bootlicker would do, in reverse)

Do yourself a favour and read the
full article and see if I am biasing Schussler's message, if not intent. This is pure actuarial analysis from an economics guru, the man could not tell a lie even if he tried.

Here are some excerpts from the article:

South Africa needs to create 10 million jobs in the next 10 years to become a normal country, economist Mike Schussler said on Thursday.

"That would mean 83,000 jobs a month," (im-fucking-possible! see pic above!) he said in Johannesburg at the release of trade union UASA's 10th employment report.

Only about 350,000 new jobs had been created in South Africa over the last 11 years (need I say more?) but there had been a massive drop in those self-employed, Schussler said. In 2001 there were 2.2 million self-employed and in 2010 it was 1.1 million.

And guess where those 1 million are today mmmmm?


Read here for more depressing stats.

4 Opinion(s):

Willem said...

Link to the original article does not seem to work

Islandshark said...

@ Willem: Link fixed.

Exzanian said...

Thanks Islshark - Slipped on that but as is amply evident, the article speaks for itself - I would hate to be accused of being a verkrampt old ballie "making shit up"

Islandshark said...

Hey bud, it happens. You'll have to do a lot to get in front of that line. According to a feathered psychopath, I've earned a permanent 1st place.

Yeah, it's one of those that you almost know what the next line is going to be. I just heard one commie ANC bastard promise something about 5m jobs in 5 years - I didn't have to equate that to monthly average to know it was bullshit. I'm no Economics expert, but at least I passed it at Masters level at 1st world institution. Which is sometimes a bit of a sucker, because you can't even get momentarily excited about such a BS statement before common sense and knowledge kicks in.