FINANCIAL REVIEW: THE ANC PLUNGED SOUTH AFRICA INTO A RECESSION

 

 

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Article posted by: White Nation financial correspondent Cape Town  September 05  2018

 

 

SOUTH AFRICA– THE GLOBALIST’s  COMMUNIST WASTELAND DOWN SOUTH

 

 

CYRIL”the Squirrel” RAMAPHOSA has a recession on his hands and he- in all his incompetence- does not know how to correct it with his hell-bent communist policies. It took the plundering communist gangsters precisely a short 20 years and heaps of lies, deception, big talk, cadre deployment, racism, corruption and maladministration to accomplish  this remarkable achievement.

Well done to the narcissist African Nuisance Corporation.….you eventually have succeeded into dumping a first world healthy and flourishing economy you stole in 1994 –  into  a financial catastrophe she will not likely recover from very soon. Now Cyril want to run to the Chinese and sell the country he promised to “his people” out to the Chinese- lock, stock and barrel. Now we know why he is driving the land “expropriation” bill so hard….to sell the farms to foreign vultures for  the untapped minerals underneath the white farms. 

 AFRIKAANS: Dawie Roodt speak out:
 The ANC can’t even govern a country, how will they succeed in farming?

SA has plunged into a recession with a surprise 0.7% contraction in the second quarter of the year. “We are in recession. We reported a contraction in the first quarter even with revisions and now in the second quarter with a fall of 0.7%, we are in recession,” statistician-general Risenga Maluleke said in Pretoria on Tuesday.​ This is despite expectations from many economists that SA would narrowly miss a recession. The Bloomberg consensus was 0.6% growth. The rand weakened sharply shortly after Statistics SA released the news:

But it soon recovered somewhat: after weakening to R15.25/$ at about 11.45am, the rand appeared to be over its worst and was back under R15.20/$ by 11.48am. A recession is defined as two consecutive quarters of declining gross domestic product (GDP) and points to a prolonged slowdown in economic activity, which stunts job creation and damps investment. Following the revisions to growth figures for 2017, this makes it the first recession since the global financial crisis. This follows a dismal performance in the first quarter, when GDP shrank by a revised 2.6%. It was originally put at a 2.2% contraction. The contraction was driven primarily by the primary sector, with agriculture offsetting the positive growth in the mining sector.

While the secondary sector, which is made up of manufacturing, electricity and construction saw some growth, this was damped by a 0.3% contraction in the manufacturing sector. The biggest drags on economic growth were agriculture, forestry and fisheries, which decreased by 29.2% and detracted 0.8 percentage points from growth; and the transport, storage and communications industry, which decreased by 4.9% and accounted for 0.4 percentage points of the contraction.

Stats SA announced on Tuesday, September 4 2018, that SA has plunged into a recession with a surprise 0.7% contraction in the second quarter of the year. What does this mean for SA and its people?  The decline in agriculture was driven by a drop in the production of field crops and horticultural products. In contrast, mining increased by 4.9% and contributed 0.4 percentage points of growth; while finance, real estate and business services increased by 1.9% and also contributed 0.4 percentage points.

Strain on households

The GDP data underscored the pressure on consumers, with household spending posting its first decline since the first quarter of 2016.  Stats SA said expenditure on real GDP — which is the spending on goods and services produced in SA, including exports — fell by 0.9% in the second quarter, driven by a 1.3% fall in household spending. Households spent less on transport (down 6.1%), food and nonalcoholic beverages (down 2.8%), clothing and shoes (down 6.8%) and recreation and culture (down 7.6%).

Bad signs for the future of manufacturing

A grim outlook for the manufacturing sector has dented hopes that SA’s economy will rebound in the second half of 2018. Activity in the sector, which accounts for about 13% of GDP, dipped to the lowest level in 13 months, the Absa purchasing managers index (PMI) showed on Monday. The PMI declined from 51.5 points in July to 43.4 in August.The index gauges activity in the manufacturing sector and is usually a good indicator of where the production numbers will head in two months’ time. A figure below 50 indicates contraction in the sector.

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THIS is typical the black racism the ANC and EFF idiots are propagating…simply  blame all their mess-ups on the whites again.

Unemployment is on the rise

The country’s unemployment rate increased 0.5% in the second quarter to reach a near 15-year high of 27.2%. Youth unemployment, accounting for those between the ages of 15 years and 34 years, sits at 38.8%, while the young graduate unemployment rate sits at 11.9%.  With 31% of the country’s municipalities considered dysfunctional, and another 31% almost dysfunctional, over half of all National municipalities are failing to deliver on essential services such as Electricity, Water and Waste removal.

The Debt Abyss busy sucking in the country

South Africa’s national debt rose above R3 trillion yesterday. That’s interest payments of R177,531,274,087 per year or R5,629 per second. This translates to a government debt of R55,693 carried by each South African man, woman and child. A debt which is 55% of South Africa’s GDP.

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Furthermore, many South African municipalities are battling with financial management as well as good governance and administration.  Can this level of incompetence and mismanagement be sustained in the face of growing social unrest in the country? Still foolhardy the idiots in the ANC prefer “expropriating” productive farmland for cheap political points, thus sending food procurement into a death spiral – and create thousands more job losses. And you still recon this fraudulent so-called “democratic” con-artists to be a  “government?” How ironic stupid can South Africans be? 

This is why South Africa is in total disarray under the ANC hoodlums:

THE SUCCESS STORY : OUR STRUGGLE FOR LIBERATION


1. The armed and constant threat of violence forced the white spineless regime to negotiate for so-called peace.
2. The psychological warfare through the churches to create a guilt complex with whites was a victory over Christians.
3. The MASS ACTION was a successful method to rip the nation economy to pieces and to create panic of the rich settlers.
4. The constant uproar in Black Education is the fourth key for liberation through education because the white regime simply cannot meet all our demands.
5. All four tactical attacks leaves (leave) – the regime powerless and gradualy (spelling) giving in to our demands.
6. All these help to create a feeling of helplessness and despair and to loose confidence in their government. Be careful not to upset the farmers too much before we gain control over the SAP and SADF
7. The constant pressure of violence and economic uncertainty force De Klerk to surrender power to the oppressed people without a war like in Namibia!
AFFIRMATIVE ACTION STRATEGY AFTER APRIL 27, 1994
The greatest fear of the white settler is to loose his job, his farm or house and all the luxuries! This will enable the new DEMOCRATIC GOVERNMENT to tax them to the utmost, while our comrades in MK and APLA continue with their part of the struggle.
1. Surplus land will be redistributed among our people.
2. All positions in the public services will be replaced by comrades
3. The security forces will be reconstructed with our comrades to protect our people. Whites were protected for 350 years. Let them experience to be second class citizens!
4. No ammunition will be available to white settlers.
5. Health Institutions will be Africanised and whites will pay according to their income to enable them to contribute to their liberated brothers.
6. Some white schools will be allowed because most settlers will pay their last cent for white education and this will provide more money for our people.
7. Pension funds and insurance companies collected billions over the years, will be to our disposal for education of our comrades in the years to come.

Put THAT in your pipe and smoke it you filthy white liberals.

 

If the ANC cook the next election again- it will be time for the conservative minorities to secede:

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LISTEN: A Voice of truth from the grave that nobody wanted to listen to- but everybody slandered as a “  racist.” Now the white man pays dearly the price for his silent ignorance- and soon the black man will also face another Mfekane at the hands of his own kind for his naked racist approach towards the white. 

 

A VOICE FROM THE GRAVE… AND HE WARNED SOUTH AFRICA… The Lion of the South murdered in 2010… but his words still hurt the ANC Government, and their millions…because THE TRUTH. Speaking about 1) THE LAND2) THE ECONOMY3) THE COMING DISASTER (unfortunately now its here) Letichia Roos Mr Eugene Terreblanche… a man of steel, broken by the ANC. His TESTIMONY FROM THE GRAVE!RIP. @realDonaldTrump @Trump_World #Bluehand #Bluehandfamily@FoxNews @foxnewsalert@rupertmurdoch

Posted by Letichia Roos on Monday, September 3, 2018

 

” We are exporting more commodities to China, while it is exporting more value added goods to South Africa. Some  white people will leave South Africa as result of land expropriation without compensation. That’s why we are going to bring in 1500 rice farmers from China to help us with agriculture next year -Cyril Ramaphosa

 

 

 

 

 

 

 

 

 

 

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