SONA 2021

Fulcrum29 said:

Black Industrialists Scheme (BIS) – The Department of Trade Industry and Competition

www.thedtic.gov.za www.thedtic.gov.za
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"The purpose of Black Industrialists (BI) policy is to leverage the State’s capacity to unlock the industrial potential that exists within black-owned and managed businesses that operate within the South African economy through deliberate, targeted and well-defined financial and non-financial interventions as described in the IPAP and other government policies."

Would this also include companies that are created on 29 Jan 2021 and five days later awarded tenders for the rollout of vaccines to the tune of R200m? BIS doesn't appear to do much different from BEE aside from setting out structures for applying for state subsidies in order to do work for the state, and to manufacture goods locally.
 
CataclysmZA said:
I think we have enough people that could reasonably be upskilled to make sure they can continue to earn a living, but we've systematically removed all the things that would have made this possible.

We have no teacher training colleges. We have no community colleges. We have no way to offer people the chance to advance their education at a price they can afford. Student loan debt is growing.

Like, literally we have no community colleges: Community Education and Training Colleges of South Africa (nationalgovernment.co.za)

TVET helps, but having a look at what they have on offer, there's a shortage of skills that they aren't targeting - the same skills government has listed as critical for economic growth.

The first step to economic growth is fixing education and mandating a minimum livable wage. Having free community colleges that also skill you in new trades would be a huge step up from the whole lotta nothing we're doing now.
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Yeah lets kill the economy faster :unsure:
 
daveza said:
Bring back trade schools and apprenticeships.
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Exactly.

I mean, ****, if you have to set up trade schools that are run just so that local corpos can train new staff to work for them, fine. If Isuzu wants to start a trade school in PE to train new people to work in their factory, do it.

Fulcrum29 said:
PAC guy don't trust the vaccine, say it can only be trusted when locally produced. Personally I believe that he don't trust Indians.
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More likely he's skeptical because he can't even pronounce the names of the proteins involved in making the vaccine solution, let alone understand how it works. It's pandering to feed the narrative that things from Western nations can't be trusted.
 
VooDooC said:
I honestly do not understand the point of BEE, especially in South Africa.

You only have so many whites, indians, chinese and other non-black people, if you actively avoid hiring black people eventually you won't have enough people to run a company with.

But this is the problem, don't build and start new businesses no that's way too much work. Rather just force other businesses to conform to your racist policies and eventually drive them into the ground or better yet, think of some stupid lock down rules, bankrupt companies and thousands loose their jobs in the process.

Let businesses do what they do best, make money, by hiring the best person for the job. Once a business thrives, the community around the business thrives, hell that's how towns like Vanderbijlpark started and was a succesfull town up untill the 2000s and then everything went to ****.
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Why would you avoid hiring black people, who is going to be the cheap labour? Even during apartheid no company avoided hiring black people, all that was needed was just understanding that there's a place for black people and a place for white people.
 
CataclysmZA said:
"The purpose of Black Industrialists (BI) policy is to leverage the State’s capacity to unlock the industrial potential that exists within black-owned and managed businesses that operate within the South African economy through deliberate, targeted and well-defined financial and non-financial interventions as described in the IPAP and other government policies."

Would this also include companies that are created on 29 Jan 2021 and five days later awarded tenders for the rollout of vaccines to the tune of R200m? BIS doesn't appear to do much different from BEE aside from setting out structures for applying for state subsidies in order to do work for the state, and to manufacture goods locally.
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To quote,

www.iol.co.za

SA’s elite cashing in

ANC bigwigs, top businesspeople and a former spy boss are among several wealthy and prominent black industrialists who got a share in more than R9.1billion in state funding.
www.iol.co.za www.iol.co.za

SA’s elite cashing in​

Johannesburg - ANC bigwigs - including a former governing party president’s grandson - top businesspeople and a former spy boss are among several wealthy and prominent black industrialists who got a share in more than R9.1billion in state funding.

The identities of the more than 100 beneficiaries of the government’s black industrialists programme have been finally revealed by the state-owned development financier, the Industrial Development Corporation (IDC).

A list of beneficiaries obtained by The Star shows that KwaZulu-Natal Health MEC Dr Sibongiseni Dhlomo, former spy boss Gibson Njenje, Massmart chairman Kuseni Dlamini, retired deputy chief justice Dikgang Moseneke’s brother Tiego Moseneke, Black Business Council founding member Sandile Zungu, Lily Mine’s new owner Fred Arendse and fashion designer Laduma Ngxokolo scored multimillion-rand deals from the IDC, which administers the programme.

In the period between April last year and May 25, 2018, the IDC funded over 128 companies in deals worth more than R9.1bn.

Zama Luthuli, the IDC’s corporate affairs divisional executive, said the Black Industrialists Programme created or saved 10512 jobs last year.

The majority of beneficiary companies (49) are in Gauteng, while KwaZulu-Natal and the Eastern Cape had 15 and 13 respectively in the 2017/18 financial year.

But SA Federation of Trade Unions general-secretary Zwelinzima Vavi dismissed the programme as another hijacking of the broad-based black economic empowerment concept and offering an escape for the black elite.
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I agree with Vavi here, who also served on the IDC board. Just to take note, in 2019, 40 billions was pushed into this program.

Generally this is a extention to BB-BEE but clearly cated to the already rich.
 
BeerIsNotGood... said:
Yeah lets kill the economy faster :unsure:
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Over 60% of adults in the 18-29 years old bracket are jobless.

Unemployment nationwide is 31%.

We have a shrinking taxpayer base and only around 15 million registered taxpayers, 9 million of which contribute to around 90% of the tax paid and payable to the Treasury. Out of that money, Treasury currently allocates social grants to more than 19 million people.

Meanwhile, corporations and multinationals in the country are killing it with record revenues, and they're not raising the wages paid to consumers to match inflation. Housing prices are rising beyond inflation and more people are renting every year.

Household debt in South Africa is 72.8% of gross income as of 2019. Millions of people are living on unsecured debt in order to make ends meet and afford school fees, car and house repairs, life-saving chronic medication, and more.

We are already killing the economy by doing nothing to change the current trajectory. The minimum wage paid to skilled and unskilled labour needs to increase meaningfully so that people can participate in the economy, and ensuring that the money winds its way back into treasury.

All that's happening to that money now is that it leaves the country and never returns.
 
Dear fellow South Africans. We are 931% more fcked than last year.....so you will have to pay for our corruption because we are thieves and can't help ourselves. Being simple minded thieving cretins defines who we are.
 
CataclysmZA said:
Meanwhile, corporations and multinationals in the country are killing it with record revenues, and they're not raising the wages paid to consumers to match inflation.
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The majority of those entities have a footprint in South Africa, and many multinationals who have come here are coming for the footprint for springboarding into Africa or for improved accessibility into other countries or continents. The majority of businesses and consumers are reliant on the trade of these entities.

They are positioned for killing it, and they have a high turnover rate of employees.
 
Mekon said:
Dear fellow South Africans. We are 931% more fcked than last year.....so you will have to pay for our corruption because we are thieves and can't help ourselves. Being simple minded thieving cretins defines who we are.
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This ^. Fcking THIS ^^^^^^^^^^^^^^
 
CataclysmZA said:
Over 60% of adults in the 18-29 years old bracket are jobless.

Unemployment nationwide is 31%.

We have a shrinking taxpayer base and only around 15 million registered taxpayers, 9 million of which contribute to around 90% of the tax paid and payable to the Treasury. Out of that money, Treasury currently allocates social grants to more than 19 million people.
Click to expand...

CataclysmZA said:
We are already killing the economy by doing nothing to change the current trajectory. The minimum wage paid to skilled and unskilled labour needs to increase meaningfully so that people can participate in the economy, and ensuring that the money winds its way back into treasury.
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Therein lies the answer to some of this country's woes: you cannot pay unskilled labour more than what he/she is worth - especially not when the unemployed pool is growing larger by the second and more uneducated/unskilled labour enter the market, expecting top-dollar remuneration. And, being highly educated (university degree) does not equate to skilled labour either.
 
CataclysmZA said:
Over 60% of adults in the 18-29 years old bracket are jobless.

Unemployment nationwide is 31%.

We have a shrinking taxpayer base and only around 15 million registered taxpayers, 9 million of which contribute to around 90% of the tax paid and payable to the Treasury. Out of that money, Treasury currently allocates social grants to more than 19 million people.

Meanwhile, corporations and multinationals in the country are killing it with record revenues, and they're not raising the wages paid to consumers to match inflation. Housing prices are rising beyond inflation and more people are renting every year.

Household debt in South Africa is 72.8% of gross income as of 2019. Millions of people are living on unsecured debt in order to make ends meet and afford school fees, car and house repairs, life-saving chronic medication, and more.

We are already killing the economy by doing nothing to change the current trajectory. The minimum wage paid to skilled and unskilled labour needs to increase meaningfully so that people can participate in the economy, and ensuring that the money winds its way back into treasury.

All that's happening to that money now is that it leaves the country and never returns.
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Minimum wage kills jobs. I'm not sure where you get the record revenues from.
 
CataclysmZA said:
We have a shrinking taxpayer base and only around 15 million registered taxpayers, 9 million of which contribute to around 90% of the tax paid
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SARS reports that our tax base is down to about 4 million tax payers: SARS

Of which we currently have around 1.2 million government employees in that figure , so in real terms we have less than 3 million tax payers supporting 19 million people.
 
Supervan II said:
Therein lies the answer to some of this country's woes: you cannot pay unskilled labour more than what he/she is worth - especially not when the unemployed pool is growing larger by the second and more uneducated/unskilled labour enter the market, expecting top-dollar remuneration.
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Honestly, it's not a lot to ask to double the minimum wage. We already pay our domestic worker and her boyfriend twice the hourly rate, and that's liveable for them. Top-dollar doesn't need to enter into it. Just pay people enough money to survive.

I know someone who works three jobs, juggling between our local Spur, McDonald's, and a garage-based chicken fast food outlet. Even then, she says it's not enough to save on because she has kids. That's three roughly minimum wage jobs.

I also use "unskilled labour" as the familiar term, but there's clearly skilled labour being applied in jobs that are "unskilled", and the law allows for employers to get away with paying them more because of it. I've seen bricklaying work that's so neat it looks like a proper mason did it, but it's backbreaking work for money that won't cover medical expenses for injuries on duty.

Vrotappel said:
Minimum wage kills jobs.
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Oh really? Prove it. Back that **** up.
 
CataclysmZA said:
Honestly, it's not a lot to ask to double the minimum wage. We already pay our domestic worker and her boyfriend twice the hourly rate, and that's liveable for them. Top-dollar doesn't need to enter into it. Just pay people enough money to survive.

I know someone who works three jobs, juggling between our local Spur, McDonald's, and a garage-based chicken fast food outlet. Even then, she says it's not enough to save on because she has kids. That's three roughly minimum wage jobs.

I also use "unskilled labour" as the familiar term, but there's clearly skilled labour being applied in jobs that are "unskilled", and the law allows for employers to get away with paying them more because of it. I've seen bricklaying work that's so neat it looks like a proper mason did it, but it's backbreaking work for money that won't cover medical expenses for injuries on duty.



Oh really? Prove it. Back that **** up.
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You moan about big business then ask for legislation that kills small business. Big business loves laws like BEE, minimum wage, etc. Small business cannot absorb these extra costs. You are literally the love child of the ANC and big business.
 
CataclysmZA said:
Honestly, it's not a lot to ask to double the minimum wage. We already pay our domestic worker and her boyfriend twice the hourly rate, and that's liveable for them. Top-dollar doesn't need to enter into it. Just pay people enough money to survive.

I know someone who works three jobs, juggling between our local Spur, McDonald's, and a garage-based chicken fast food outlet. Even then, she says it's not enough to save on because she has kids. That's three roughly minimum wage jobs.

I also use "unskilled labour" as the familiar term, but there's clearly skilled labour being applied in jobs that are "unskilled", and the law allows for employers to get away with paying them more because of it. I've seen bricklaying work that's so neat it looks like a proper mason did it, but it's backbreaking work for money that won't cover medical expenses for injuries on duty.



Oh really? Prove it. Back that **** up.
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3 Jobs?

How many kids does she have?
 
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