Call to nationalise R150 billion private industry in South Africa

[BusinessTech]

Call to nationalise R150 billion private industry in South Africa

One of South Africa's biggest unions has called on the government to nationalise South Africa’s pharmaceutical industry.

 

[Hemi300c]

 

[Mike Angelo]

Waving goodbye to the pharmaceutical industry...

 

[ToxicBunny]

Yeah no, production of pharmaceuticals is WAY too important to put in the hands of government, so GIWUSA can fsck right off.

 

[Scooby_Doo]

Oh look another retard running its mouth. You want government to compete, then setup a new SOE and let them try.

 

[The_MAC]

Why though? Not the obvious looting reason, a genuine benefit that might be realised.

 

[Bad Ballie]

Given the track record of everything the government has ever been involved in, and the guaranteed destruction of the pharmaceutical industry in this country if it happens, I see no upside or benefit in this. While there is obviously a lot of money to be made in the industry, the guaranteed failure and job lose goes without saying.

 

[HumanShield]

On brand for rent seeking communists.
Wasn't NHI going to do this anyway? What's his angle with coming out with this all of a sudden. It's a union push for NHI?

 

[Krilliano]

Unions should not have an opinion about how businesses are run since their running a ponzi scheme at best.