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@pmbguy | |
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the future looks bad. seeing how the government seems to be set on keeping all the state owned enterprises running to save a few thousand jobs at the cost of billions... currently in France there's protests at a plan for raising taxes, this isn't just about the latest increases but goes back to the financial collapse in 2008, monies paid to prop up businesses and banks, which meant austerity measures had to be put in place to cover for the bailouts. ok, I'm not precise on the number of jobs involved, but let's say SAA employs 20000 people, considering that they've been repeatedly bailed out for billions (I daresay up to 50 billion by now...) that means everyone who works there could have been made a multi millionaire to make up for job losses and not required more money to be continually pumped into a failing business... factor in bailing them out for the next few years and there's a high chance the GDP to debit ratio will be a mess, the currency will be downgraded below investment and millions of people people will be stuck with austerity measures affecting service delivery, education, medical, etc... and all this to save a few jobs. I say a few because compared to the millions of people who will suffer possibly for two or more generations, does this actually make sense? |
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@pmbguy | 15 December 18 |
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pretty much if you compare the money pumped into each SOE to the number of jobs involved, they're spending millions on each job instead of just investing in setting up a fund to keep paying people and selling the failing business, for the good of future generations...
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@shadow27 | 15 December 18 |
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Cannibalism and Stalin reruns
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@pmbguy | 15 December 18 |
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got the figures for Eskom too... 419 billion needed, 48000 employees... eight million three hundred eighty thousand per job... madness, just put that in an account and pay employees the interest, I'm sure their families and communities would be much better off than when they're suffering from austerity measures and have lost their jobs anyway when China comes for their money and takes control of Eskom, then staffs it with Chinese workers... |
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@pmbguy | 16 December 18 |
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double standards, now Edcon the company that owns the chain stores, Edgar's and Jet, employing over 140000 people is seemingly broke and due to close down... seeing how the government is willing to spend 400 billion to save under 50000 jobs, shouldn't they be jumping in to save 3 times the jobs?
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@pmbguy | 16 December 18 |
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n all they're asking for assistance with is 2 billion, while Eskom is demanding 100 billion... the madness of fools!
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@pmbguy | 16 December 18 |
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@ pmbguy - 16.12.18 - 10:56am double standards, now Edcon the company that owns the chain stores, Edgar's and Jet, employing over 140000 people is seemingly broke and due to close down... seeing how the government is willing to spend 400 billion to save under 50000 jobs, shouldn't they be jumping in to save 3 times the jobs? Source Article |
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@pmbguy | 18 December 18 |
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you see austerity measures coming to the UK soon due to Brexit?
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@kimjongl | 18 December 18 |
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@ pmbguy - 16.12.18 - 10:56am double standards, now Edcon the company that owns the chain stores, Edgar's and Jet, employing over 140000 people is seemingly broke and due to close down... seeing how the government is willing to spend 400 billion to save under 50000 jobs, shouldn't they be jumping in to save 3 times the jobs? Every other job in the country relies on Eskom keeping the lights on. Edcon isn't vital to the economy. That's why they're treated differently. |
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@kimjongl | 18 December 18 |
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The government shouldn't be bailing out private companies, let them fail.
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@slago | 18 December 18 |
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@ pmbguy - 16.12.18 - 10:56am double standards, now Edcon the company that owns the chain stores, Edgar's and Jet, employing over 140000 people is seemingly broke and due to close down... seeing how the government is willing to spend 400 billion to save under 50000 jobs, shouldn't they be jumping in to save 3 times the jobs? No, they shouldn't |
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@pmbguy | 19 December 18 |
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@ goldstandard1 - 18.12.18 - 09:59pm Uncertainty is the answer at this minute. But tough times never last, tough people do. This is why we cant have that idiot Corbyn and his socialist plan. His raised corporation tax to meet the European standard would drive many large companies out of the U.K. and into Europe for easier transport links and the savings that come with it. good point, I would have expected the UK to try modeling on the Irish tax Haven idea to get big businesses to come set up offices there... like Apple, etc... |
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@pmbguy | 19 December 18 |
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@ kimjongl - 18.12.18 - 03:27pm The government shouldn't be bailing out private companies, let them fail. aren't half the SOEs technically private companies in essence? hence using political means to monopolize their sectors... |
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@pmbguy | 19 December 18 |
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@ kimjongl - 18.12.18 - 03:23pm Every other job in the country relies on Eskom keeping the lights on. Edcon isn't vital to the economy. That's why they're treated differently. independent power producers don't, n if Eskom hadn't been meddling in things there'd be a lot more of them, not to mention that due to the previous load shedding, a lot of businesses and companies have moved off the grid, hence Eskom having lower incomes and less power being needed... |
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@pmbguy | 19 December 18 |
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@ slago - 18.12.18 - 04:47pm No, they shouldn't and when the people who loose their jobs turn to crime and start stealing electrical cables, etc... what's the plan then? |
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@slago | 19 December 18 |
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we arrest them, what other plan 
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@pmbguy | 20 December 18 |
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Why hasn't Zuma been arrested then?
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@kimjongl | 20 December 18 |
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@ pmbguy - 19.12.18 - 03:21am aren't half the SOEs technically private companies in essence? hence using political means to monopolize their sectors... Yes, which is why the market should be deregulated and opened up to competition. That's the real cause of the structural problems in the energy sector. |
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@kimjongl | 20 December 18 |
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@ pmbguy - 19.12.18 - 03:26am independent power producers don't, n if Eskom hadn't been meddling in things there'd be a lot more of them, not to mention that due to the previous load shedding, a lot of businesses and companies have moved off the grid, hence Eskom having lower incomes and less power being needed... See above reply. |
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@pmbguy | 20 December 18 |
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yeah, like I read the government is blocking farmers from setting up solar power for their own farms... madness if you ask me. State says no |
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@pmbguy | 21 December 18 |
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