Surplus saved SA from financial turmoil

[The_Unbeliever]

Not sure whether it'll have to go in News or here... but I decided to stick it here as it's about wealth.

At least the President have the right attitude :

The surplus has proved controversial, with left-leaning members of the ruling African National Congress (ANC) calling for greater social spending in a country where unemployment officially stands at 23.5%, but is believed to be much higher.

A former union organiser, Motlanthe said he would not be influenced by calls from the leading Cosatu labour federation to spend more of the surplus on social services.

"Cosatu's attitude toward fiscal surpluses is a matter to be debated," he said in the interview.

"The question is whether the policies they want to pursue are feasible, necessary and valid," he said.
"We all recognise that a great deal still has to be done. The fact that 12 million of our people are recipients of grants is not sustainable; for their own dignity it's much better if people have decent jobs," he added.

It is better if you give somebody a job and teach that person how to do his/her work instead of just doling out money as this makes people lazy and then they won't work but sit around doing nothing while others have to support them.

Now... if only the President can get rid of Ivy...

http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-25_2403932