foreign investors | Jislaaik.com

Mining houses and corporate businesses are accusing Eskom for the high unemployment rates since their pathetic service delivery is causing uncertainty in the economy.

Several institutions announcing in recent weeks that they would need to start retrenchments, unemployment has increased alarmingly rapidly and even greater retrenchments are provided.

The uncertainty caused by Eskom in the supply of electricity has forced many mining houses to generate self-sufficient power, but which is far more expensive than using the national power supply.

Eskom is also accused of being directly responsible for the poor economic situation and the fact that foreign investors are not interested if power supply cannot be guaranteed in South-Africa.

Unemployment has now reached the 29% level, which is the highest in history, and employment is estimated at 52% according to figures applicable for December.

While the Western world is watching what the ANC president, Cyril Ramaphosa, is going to do with regards to the land-grabbing program, it becomes clearer that he has a clever approach towards to upcoming election.

Political analysts point out that the president suddenly no longer focus on the country’s well-developed farms as a target in his quest.

There is apparently one explanation for this, that is the fear that the country will go without food and scare away the foreign investors.

Now, state land, and unutilized land is becoming the object and it will only become prominent among people’s attention after the election.

The land distribution program came because of two elements that threatened the ANC. Firstly, the Malema radicals have instigated illegal land grab action that impressed many black voters, and secondly, the ANC had to get something new to retain its voters, a political analyst
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Posts tagged with 'foreign investors'

SA’s high unemployment rates are swept in front of Eskom’s door

Ramaphosa’s land theft approach – While the world is watching Ramaphosa with anticipation regarding the land-grab program, it becomes clearer that he has a clever election