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Another Friday afternoon joke...

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topgun
Super Contributor
Ebrahim Patel's New Growth Path folly - previously incarnations were called the RDP, GEAR, ASGISA, JIPSA - and let's not forget Thabo's NEPAD, all now thankfully laid to rest. Besides proposing a salary cap for skilled workers (how that will stimulate growth baffles the mind), the "plan" wants to create 5m jobs in the labour absorbing sectors of the "developmental state" over the next decade (having lost 1.25m over the past 2 years - partly through excessively restrictive monetary policy). The unlikely odds are lucidly captured in SBK's recent report on domestic labour productivity - Unemployment: SA's Achilles Heel. How the country will achieve this without any spare power capacity for the first 4 years is conveniently ignored, as is the rapidly rising cost of doing business in an overly restrictive regulatory environment with increasingly dysfunctional local governments. The communist planners are also apparently poor at mathematics with limited insight into SA's rapidly changing demographics. It says the 5m jobs will lower unemployment in its narrowest definition from 25% to 15% over the next decade but ignores the fact that 900,000+ people turn 18 in SA every year and that's besides the unrestricted influx of economic refugees from sub-Saharan Africa (the country's population has increased by 15m over the past 16 years to 55m at present). See also http://www.moneyweb.co.za/mw/view/mw/en/page295043?oid=518024&sn=2009+Detail+no+image&pid=287226 I wonder what the next "new" plan will be called in 2021? - then again we could see one long before then should another faction of the kleptocrats gain power. aloota continua.
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6 REPLIES 6
kwagga
Super Contributor
These elaborate plans are all empty promises meant to lure narrow minded believers as part of election strategies. A plan for very election. Funny stuff written by clowns.
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Not applicable
Hi Topgun Hey guy u shure hit'em nail rite on dem hed!!! Well said Chum. Now this begs the question........How do get those guys to read your note?....Jangat
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ACEP_
Regular Contributor
Another one is the Alsi today, sheez, the graph doesn't even tally with the price. Triggers go but don't trade. Trades say they go through but don't... would be funny if not so costly! Am I the only one the butt of this joke?
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striker
Super Contributor
- Patel and the governments vision for economic growth is laughable. Definite undertones of commie/socialist policies. Someone once said ; you cannot multiply wealth by dividing it and that's just what this plan embraces. The obstacles facing the economy
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Shado
Contributor
topgun, how about you run the dept?
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jaj
Frequent Contributor
I used to work for a large manufacturing company and I was in charge of various manufacturing operations. When I (semi) retired, some years ago, I vowed that I would make money but nobody but nobody would ever work for me again in permanent employment. So far, I managed very well with little stress. As a matter of interest the company I worked for employed a policy that any capital expenditure that reduced labour input would be approved by the board. And that was in the nineties!!!!! Makes you think about creating employment?
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