@DumaGqubule @DumaGqubule Twitter profile

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@DumaGqubule

2 months

Julius Nyerere said in this powerful speech "i reject the glorification of the nation-state that we inherited from colonialism, and the artificial nations we are trying to forge from that inheritance."

Julius Nyerere: 'Without Unity, There Is No Future For Africa' - New African Magazine

An extract from a speech given by Tanzania’s founding president, Julius Nyerere (pictured right), in the Ghanaian capital, Accra, on 6 March 1997 on how he saw African unity in the 21st century. For...

newafricanmagazine.com

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@DumaGqubule

4 months

Why cant people have honest discussion about CR? He has worst economic record of any president since 1994. He also has worst political record since 1994. Support has collapsed by 20 percentage points from 62% under JZ. Surely his time is up. Will he resign or be recalled?

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@DumaGqubule

3 years

Takatso paid nothing for 51% of SAA. No money changed hands. The did not take over R3bn liability. They made vague commitment to capitalise SAA with R3bn over 12 to 36 months. They do not have the money now. Seems that there was plan to collapse SAA. Same is happening at Eskom

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@DumaGqubule

3 years

Govt has wrongly decided that this is only a security crisis. But Treasury has cut R39bn from police budget over 3 years. It will retrench 18000 cops. It has cut R15 bn from the defence budget. The Pres must address the political and economic grievances and not waste our time

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@DumaGqubule

4 years

Peter Ndoro on days like this I am ashamed to be a South African. Xenophobia is out of control. The hatred is evil. I left SA at 11 to study in Swaziland. My son grew up in Zim and Tanzania. #iamanafricanfirst

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@DumaGqubule

3 years

Why are we surprised?.We have unemployment of 74% for youth, 47.9% for Black Africans, 51.5% for Black African women and 50% in Limpopo and Eastern Cape. Then govt cuts R36b from social grants, ends SRD grant and implements an over the top lockdown without humanitarian support.

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@DumaGqubule

3 years

There are now 12.5m unemployed south africans. We now have unemployment rates of 77.4% for youth, 51.1% for Africans, 55% for African females, 54.5% in Limpopo and Eastern Cape and 55.2% in the NW. When will the govt stop the economically suicidal austerity policies?

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@DumaGqubule

8 months

Rise Mzansi manifesto is shocking. Says nothing about macroeconomic policy and jobs. Word unemployment appears once when discussing something else. There are 11.7m unemployed SAns. To political parties unless you providing credible path to full employment you are wasting our time

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@DumaGqubule

4 months

MK will get more votes than Action SA, Bosa and Rise combined despite the millions they got to disrupt ANC. DA will also be a big flop. We do not need more right wing parties. We need unity among progressives on the left who reject the failed neoliberal economic policies.

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@DumaGqubule

9 days

Good to see @SundayTimesZA article by @Julius_S_Malema on SARB nationalisation. There are 195 countries. 186 have 100% state ownership. 5 have majority state ownership. Only SA, US and Italy have no state ownership. Sarb shares are worth R12m. Why cant we nationalise Sarb?

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@DumaGqubule

6 months

Thailand has an unemployment rate of 1% but PM is panicking. He has criticised central bank for not reducing 2.5% repo rate and announced R265bn cash handout to population to stimulate economy. Let us not normalise our highest unemployment rate in the world and low GDP growth

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@DumaGqubule

10 months

Stage 6 is back. During a heatwave. Eskom has collapsed. Transnet has collapsed. The economy has collapsed. And the "minister of visits" will provide the same tired solutions that have not worked. According to govt, the private sector is the solution to every problem in SA.

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@DumaGqubule

10 months

Doing research for speech. We must stop saying we had loadshedding since 2007. In 2023 we shed more energy than in 16 years from 2007 to 2022 combined. Period under CR presidency (from 2018 to now) accounts for 95.1% of all energy shed since 2007. JZ period accounts for 3.4%

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@DumaGqubule

3 months

Dear SAns 80% of the assets on the JSE have nothing to fo with the SA economy. The JSE is an irrelevant casino. It is just froth. It has nothing to do with actual production or the creation of jobs. This rally of share prices and currency will fade as quickly as the new dawn did

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@DumaGqubule

4 years

I did not listen but can someone explain why the government gets a free pass for its failed public health and economic response. Instead they blame the population and say nothing about the disgrace of a public health system in the Eastern Cape and the rest of the country.

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@DumaGqubule

3 years

I do not understand this media obsession with JZ. It is a diversion from the unfolding public health, humanitarian and economic crises and a govt that is clueless on how to address them. With these numbers lockdown might last for two months with devastating impact for millions.

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@DumaGqubule

3 years

The unemployment rate for Black Africans is 47.9%. For Black African females it is 51.5%. In the Eastern Cape it is 49.6%. In Limpopo it is 49.5%. The govt will withdraw R265bn from the econ over next 3yrs through austerity. Govt is clueless and has no plan to address the crisis.

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@DumaGqubule

3 years

Senzo Mchunu told media govt is broke and can't pay workers their increase. He has not read my latest Bday column. I said: "SA is a sovereign state that issues its own currency. It can't fail to meet its obligations in its own currency. It can't be broke or run out of money."

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@DumaGqubule

2 months

Russia has suffered the worst sanctions ever inflicted on any country. But FT today writes about a consumer boom and unemployment down to 2.6%. A country can use tools of macroeconmic policy to counter any external shock. Foreign and domestic investors have no leverage over us

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@DumaGqubule

2 months

I hope Chidimma wins and teaches the disgusting xenophobes a lesson. I believe in the Pan-African vision of unity.

Economic Freedom Fighters

@EFFSouthAfrica

2 months

The EFF’s Statement on Afrophobic Attacks Against Miss South Africa Contestant Chidimma Vanessa Adetshina -This situation reflects remnants of apartheid and colonisation, where divisive ideologies continue to plague our society. It is particularly troubling that previous

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@DumaGqubule

21 days

SARB shares are trading at R6. So SARB shares are worth R12 million. Govt can make an offer for R20m to buy the shares. So why does ANC lie and say it will cost billions to nationalise SARB? We should nationalise because we can and it is the easiest thing to do

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@DumaGqubule

4 months

After 2019 SONA i wrote that there would be 12m unemployed people by end of CR first term. We now at 12.1m. By the end of second term it will be 14.3m. At what point do we say voetsek to failed neoliberal policies? via @BusinessLiveSA

DUMA GQUBULE: We should be terrified of the scale of the economic crisis

Cyril Ramaphosa’s speech was all sound and furry feelings, signifying nothing

www.businesslive.co.za

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@DumaGqubule

1 year

Today i am speaking at the Kagiso Capital / Firstrand conference on BEE. Dont believe all the fake stats about black ownership. Black people own 1.2% of the shares within JSE Top 50. I am the expert on this topic.

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@DumaGqubule

6 months

This is fake news. WC created 161 000 jobs last year. Not 300 000 as he says. SA created 789 000 jobs but this was just part of bounce back from jobs lost during pandemic. KZN created 315 000 jobs. Highest of all provinces

Newzroom Afrika

@Newzroom405

6 months

[ICYMI] "Why are they coming to the Western Cape? If they get that right, it's gonna be the biggest bank heist you've ever seen." - DA leader John Steenhuisen criticises new political parties gunning for the Western Cape. #Newzroom405

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@DumaGqubule

5 months

i stopped following FDI long ago because it has no macro impact. it is irrelevant. More than half of this so- called surge refers to a paper shuffle on JSE involving Naspers and Prosus that did not create a single job or result in a cent of bricks and mortar investment.

Clayson Monyela

@ClaysonMonyela

5 months

Foreign Direct Investment (FDI) inflows into #SouthAfrica 🇿🇦 increased to R1.1 trillion over the 5 years under President Cyril Ramaphosa (2019 to 2023) from the R312 billion in the prior five-year period. Source @the_dtic

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@DumaGqubule

2 months

If ANC is intellectually superior why do we have 12.1m unemployed people and an unemployment rate of 41.9%? Why has it entered into dumb coalition that will double down with the failed neoliberal policies and result in an increase in unemployment to 14.4m by 2029 election?

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@DumaGqubule

3 years

How can the President say the Youth Employment Service was a success? It was a launched in March 2018 and supposed to create 1million jobs. Since then 482 000 young people have lost their jobs. The programme has created 55 000 so called work experiences in 3 years. YES was a flop

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@DumaGqubule

8 months

At end Dec 2022 value of SA mining assets was R1.6 trillion, according to my estimate. So why did pres Ramaphosa repeat minerals council fake news at mining indaba yesterday that black ownership is 39%? That is R640bn and is impossible. I am the expert. Black ownership is 5.4%

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@DumaGqubule

8 months

I am not one to believe in conspiracy theories. But am i only one who thinks Rise and Bosa manifestos were designed by the same company?

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@DumaGqubule

8 months

Russia has suffered the harshest sanctions ever imposed on any country. But its economy is doing much better than SA according to IMF. In 2023, Russia GDP grew by 3%. SA GDP grew by 0.6%. In 2024 Russia GDP will grow by 2.6%. SA GDP will grow by 1%. We cant continue like this

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@DumaGqubule

4 months

The DA will struggle to get more than 22% and does not want to be in power. If it wanted to be in power it would stop insulting us and realise most of us support BEE, EE, labour laws, minimum wages and palestinian cause. I am EE beneficiary. Why would i support abolishing EE?

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@DumaGqubule

4 years

Yesterday was a watershed moment in post apartheid economy. We saw the first death due to austerity. The irrational austerity has defunded NSFAS and cut R8bn from university subsidies. To the students don't believe anyone who says we can't afford free tertiary for all #asinamali

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@DumaGqubule

3 years

I was on SABC with @SakinaKamwendo and excellent @N_Kwankwa who made great points. Why did president and ANC leaders not get their asses to KZN on Sunday? There is a political grievance whether you agree with it or not. They must address it and not drag the rest of us into it

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@DumaGqubule

3 months

Kenya economy grew by 4.8% a year from 2018 to 2023 We grew by 0.5% a year. But during six wasted years under CR we grew by 0.5% a year If we were Kenyans we would be calling for him to go. Why do we tolerate such a shocking economic performance?

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@DumaGqubule

1 year

I have been traumatised after reading Treasury presentation at meeting with Pres. They want deepest cuts since 1994. A national budget does not work like a household budget. They will collapse the economy. When GDP growth falls debt ratio goes up. You cant cut spending and grow

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@DumaGqubule

1 year

For 29 years ANC has not got its head around how to grow economy and create jobs. We cant continue like this. We have unemployment rates of 50.6% for african women, 46.6% for africans and 70.2% for youth. Unemployment is a macroeconomic policy issue. Our policies do not work.

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@DumaGqubule

3 months

Any coalition that includes the DA voting for austerity budgets and the continuation of failed macroeconomic policies is in effect a right wing coalition. All other parties are irrelevant traffic. So EFF is correct not to participate in the right wing ANC-DA coalition.

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@DumaGqubule

3 years

So Eskom has suspended load shedding for 5 hours so that parliament can pass the austerity budget that will see cuts of R265bn over the next three years and impoverish SAns. They will cut R50bn from health budget in the middle of a pandemic.

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@DumaGqubule

8 days

When a white person says so you might listen.

Finance & economics

@Ndala_Momane

8 days

Dr Roulf Botha is cooking here. "Monetary policy is the single biggest impediment to economic growth in South Africa."

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@DumaGqubule

3 years

If you ignore the politics and look at presidency through an economic lens it has been a disaster. The part I do not understand is that there is no plan to get us out of the crisis. Does the president really think a security response plus austerity can get us out of this crisis?

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@DumaGqubule

4 months

The part i will never understand is why the ANC was so committed to these neoliberal austerity policies and pointless high interest rates that collapsed the economy that it was prepared to throw the election for them. The ANC has given up on itself. They did not want to win.

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@DumaGqubule

5 months

I have given up on SAns. I was national TV discussing the jobs crisis Then i get a call from someone. Not to agree or disagree with me on this burning issue but to ask where i get my shirts from.

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@DumaGqubule

1 year

Since CR became president 476 000 young people (15 -34) have lost their jobs. Unemployment increased by 1.3m. There are 7.2m unemployed young people. The unemployment rate is 56%. There are 9.3m young people not in education employment or training. We cant continue like this.

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@DumaGqubule

8 months

Can someone explain. President Ramaphosa told @ZiyandaNgcobo that Jacob Zuma behaviour was counter revolutionary. But ANC is not a revolutionary party or organisation. It implements neoliberal economic policies. And the president is not a revolutionary.

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@DumaGqubule

4 months

ANC has learnt nothing from political calamity. It has a death wish. With doomsday ANC-DA coalition dressed up as GNU, GDP will grow by 1.2% a year for next 5 years. Number of unemployed people will increase by 2.2m to 14.3m. Unemployment rate will increase to 44.8% from 41.9%

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@DumaGqubule

3 years

Let us remember when the president speaks tonight that the government's insane austerity policies have cut R50bn from the health budget in the middle of a pandemic. In rand terms this is the largest cut of any department.

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@DumaGqubule

3 years

In everything I write about unemployment I highlight the situation of African females. Nobody says anything. Let me repeat the unemployment rate for African females is 53%. We can't continue with these failed economic policies

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@DumaGqubule

3 months

Kenyans protesting in nightclubs against IMF and World Bank Finance Bill. Ruto Must Fall

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@DumaGqubule

7 months

ANC manifesto makes me want to weep. There are 11.7 million unemployed people and almost 800k new entrants into labour market each year. ANC is offering 2.5m work opportunities - not jobs - over 5 years. budget has cut R8bn from public employment schemes over next 3 years.

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@DumaGqubule

1 year

The SARB has gone rogue. It can increase rates to 20% but that will not reduce the price of vegetables which shot up 23% in April. There is no point in raising rates when Eskom has devastated economy. Rates can not protect currency which lost 2% to all time low yesterday.

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@DumaGqubule

2 years

The first thing the new eskom board must do is to fire the useless CEO and CEO and get engineers to run the company. In 30 months under this CEO from jan 2020 to june 2022 we had 6490 Gwh of energy shed. This was 4.2 times the 1528 GWh that was shed in 9 years under jacob zuma.

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@DumaGqubule

2 years

To people defending useless eskom board and CEO: 79% of blackouts since 2007 have happened since board was appointed in 2018. 64% of blackours since 2007 have happened since ADR was appointed in Jan 2020. Energy availability factor has collapased from 79.47% in 2018 to 56%.

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@DumaGqubule

3 months

Dear Mzansi stop listening to arguments that wrongly invoke Biko and say ANC has 40% and DA 20%. So ANC can make DA pro poor. There is no difference between ANC and DA macroeconomic policies. This right wing coalition will just entrench these failed policies.

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@DumaGqubule

2 years

For those who cant read my Bday column the useless Eskom board and CEO have cost the economy R700bn from 2018 to June 2022. The cost of the useless CEO was R570bn from Jan 2020 to June 2022. If they had kept lights on we would have larger economy and lower rate of unemployment

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@DumaGqubule

3 years

I have been explaining to people who say govt is broke that they had R292bn cash in March and are swimming in excess cash. But media kept asking yesterday how they would pay R27bn for grants. SA must end austerity. It needs a much larger stimulus to inject new money into economy

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@DumaGqubule

4 months

There is no upside for ANC or SAns to ANC-DA coalition beyond a 3 week rally on financial markets that will fade aŵay like New Dawn. ANC will split for 3rd time and become 25% party. It will entrench failed economic policies that are GUARANTEED to produce 1.2% GDP growth.

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@DumaGqubule

1 year

SAns must understand scale of crisis. There are 11.9m unemployed people. labour force will grow by 700k a year until 2030. We need GDP growth rate of 4.9% just to create jobs for 700k new entrants, let alone the 11.9m unemployed. Getting 11.9m people to work is like a war effort

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@DumaGqubule

3 years

In the Sunday Times businessman Colin Coleman says what I have been saying for ages. SA does not have a debt problem. It has a GDP growth problem. The debt is not high by emerging market standards he correctly says. He calls for BIG and a fiscal stimulus. There is no other way.

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@DumaGqubule

8 months

We had average 2.7% GDP growth under Mandela, 4% under Mbeki, 1.9% under Zuma and 0.5% under Ramaphosa. If we exclude 2yrs of lockdowns we had 1.1% growth. Economy was collapsing before pandemic. Recovery has been one of the worst in world. Nothing in Sona will increase growth.

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@DumaGqubule

3 months

Mzansi stop listening to arguments that put up a straw person. Nobody says DA will bring back apartheid. We are opposed to entrenching failed neoliberal macroeconomic policies. The number of unemployed people has increased by 6.1m over 15 years. We cant continue like this.

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@DumaGqubule

4 months

I cant believe Kgalema Motlanthe being so misinformed about nationalisation of the Sarb in sunday times. It is the easiest thing to do. Would cost the same as a house in hyde park. We must change bank's mandate to include growth and jobs. Why is this so difficult to do?

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@DumaGqubule

3 years

Methodist Bishop Yvette and Archbishop Thabo have put up these banners at St George’s in Cape Town. Leviticus 23:22 We need a Basic Income Grant for all people resident in SA

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@DumaGqubule

5 months

BHP made offer for Anglo which owns 50% of value of SA mining assets. We should stop this and unbundle SA assets to create SA mining champion. Govt owns 7% of Anglo, 3% of Amplats and 15% of Kumba Iron Ore. Our mineral resources belong to SA people not companies that mine them

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@DumaGqubule

3 years

Other countries are watching football and lifting mask mandates. But our govt has botched the pandemic response since day one. I am prepared to take a bet. Next year this time we will be having fifth wave. We will not be fully vaccinated. Some of you will be defending govt..

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@DumaGqubule

10 months

There are 11.7m unemployed South Africans. The unemployment rate is 41.2%. Stats SA stopped publishing unemployment rate for African females which was > 50%. Nothing else should matter. But there is not a single political party that has a plan to achieve full employment.

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@DumaGqubule

4 years

Can someone explain why the President keeps saying that there was a R500bn stimulus package when he knows that this is not true. There is no economist who believes that there was a R500bn stimulus. Why does media keep repeating this fake news?

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@DumaGqubule

3 years

The ANC was a great liberation movement. But it has mismanaged the economy for 27 years. GDP per capita in 2020 was only 17.6 % higher than in 1994. Unemployment rate for Black Africans is 47%. For Black African females it is 51%. there is still no plan to get us out of this mess

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@DumaGqubule

4 years

The historic debt of current students is between R2bn and R3bn. Can someone explain why this debt cannot be written off? Surely treasury can cover universities for the write off. This is not about affordability. From day one Treasury never wanted free tertiary education for all.

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@DumaGqubule

3 years

Japan has had three stimulus pakages worth $770bn or 17% of GDP since start of pandemic. Tomorrow PM Fumio Kishida will announce $350bn package that will include cash payout of $872 (R13 500) to households

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@DumaGqubule

4 months

I was right. MK has five times more votes than Action SA, Rise and Bosa combined. The people do not want these right wing parties and projects that got millions from the Oppenheimers and others to disrupt the ANC. These projects have failed spectacularly

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@DumaGqubule

8 months

SAns why do we not have a problem when our leaders gaslight us. The SONA said we own 25% of the land and should not worry about the issue because we only have another 5% to meet ANC target. Why do we accept analysis of people who do not want us to get the land back?

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@DumaGqubule

2 months

The president said "we aim to expand the public works programme exponentially to create more job opportunities." How is that supposed to happen when 2024 budget cut funding by R3.1bn or 45%? Also cut budget for community works programme by R4.3bn or 43%.

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@DumaGqubule

10 months

We now have a Nigerian system of godfatherism where politicians are puppets of billionaires. There is a stellenbosch godfather who is financing all these pop-up parties. After election results he will call them and play a role in what happens. This is an inversion of democracy.

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@DumaGqubule

3 months

Please ignore diversions of establishment commentariat such as debates about cabinet size. Unemployment is a macroeconomic policy issue. Cabinet size is irrelevant in context of R7 trillion economy. Also idea that government (not cabinet) is bloated is neoliberal propaganda.

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@DumaGqubule

7 months

The 30 wasted years of ANC misrule is a story of two halves. From 1994 to 2008 GDP grew by 3.6% a year. From 2009 to 2023 growth collapsed to 1.2% a year. But over past 15 years emerging markets (155 countries) have grown by 4% year. Why cant we do the same? It is incompetence

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@DumaGqubule

3 years

Why do people always say I am not an economist...but? Everyone can express a view on the economy. Your instincts are usually right. Keynes invented macroeconomics and the calculation of GDP. But the great economist and journalist did not study economics. He had a BA in maths

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@DumaGqubule

28 days

Help me understand. The govt economic policies have failed dismally over 15 years. ANC gets punished at elections. But then it just decides to implement same failed economic policies. At what point do they say we must change? Is it when we have 13m or 14m unemployed people?

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@DumaGqubule

1 year

In 2023, IMF says SA will grow by 0.1%. Out of 155 emerging economies. only Ukraine, Sri Lanka, Chile, Yemen and Equatorial Guinea will have lower growth. All emerging economies will grow by 3.9%. Emerging Asia (30 countries) will grow by 5.3%. Let us stop defending incompetence

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@DumaGqubule

11 months

Am amazed how many people think people are unemployed because they have no skills. Like there is something wrong with the unemployed. It is offensive to say people are unemployable. There are no jobs. Period. Unemployment is a macroeconomic policy issue first.

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@DumaGqubule

4 months

GNU idea will be dead by the end of the week. Another lame attempt to sneak in DA through back door. GNU with DA voting for austerity budget is no different from ANC-DA coalition

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@DumaGqubule

3 months

Two meaninglese slogans that have been weaponised to sanitise the brutality of neoliberal policies are "inclusive growth" and "evidence-based policy. " The people who use them have no interest in real inclusivity or listening to evidence.

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@DumaGqubule

3 months

The macro economic policy section of DA framework for a coaliton is copy and paste from Treasury 2024 budget review with no additions. This is incredible. Means that there is a hard right in ANC that is in charge and has zero differences with DA on macroeconomic policy

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@DumaGqubule

1 year

I am updating my analysis of unemployment for Q1 2023. Discovered that since CR became president economy has created 21 000 jobs. The number of unemployed people had increased by 2.7 million. Unemployment rate increased to 42.4% from 36.3%. We cant continue like this.

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@DumaGqubule

5 months

Govt 30 year review is publishing fake news. Says black people owned 39% of shares on JSE in 2021. That is impossible. Would mean that black people owned R8 trillion of JSE's R20.5 trillion. Who are these black shareholders? Patrice and who?

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@DumaGqubule

2 months

That was a lame speech. It had no numbers or targets. President said we dont have a plan to grow economy and create jobs. We will convene another cabinet meeting to develop a plan. After 6 years this is not acceptable. Why do we accept this?

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@DumaGqubule

5 months

In a speech to first time voters in Langa township at the weekend President CR said govt has a plan to create 5m jobs in 5 years. But there is no such plan. And ANC manifesto has no jobs target. Why did he have to lie to the kids? Just asking

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@DumaGqubule

7 months

Now Treasury's German consultants are saying what i have been saying for ages that collapse in coal plants started not under JZ but in 2018 when CR becomes president. 95% of energy shed since 2007 has happened since 2018. This is just facts. No politics.

Jacob Maroga

@jacob_maroga

7 months

The VGBE Report points to 2018 as a genesis of the collapse in performance of coal plants leading to the current crisis. Therefore shining a spotlight on events & decisions from 2018 should be the logical step.

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@DumaGqubule

1 year

Rate increases will not reduce inflation. But SARB will hike them Structural reforms have not delivered growth for a decade. But govt still talks about them. Austerity will not reduce debt. But treasury still cuts spending. Eskom, SARB and Treasury are creating economic wasteland

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@DumaGqubule

3 years

Rest in peace @sindivanzyl . But let us also remember that private healthcare is evil. That R2m hospital bill was outrageous profiteering. If I was president I would take profits out of healthcare. There would be no Discovery or Netcare. We need a National Health Service

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@DumaGqubule

3 months

From 2009 to 2023, SA econ grew by 1.2% a year. It was 1.9% a year under JZ and 0.5% a year under CR. By comparison 155 emerging and developing economies grew by 4.4% a year. Emerging and developing Asia (30 countries) grew by 6.3%. Why do we accept such a shocking performance?

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@DumaGqubule

4 months

ANC and the DA are trying to have their cake and eat it. They want to fool the people - tell us that they not dating when they are. There is now talk of an ANC minority govt with DA voting for CR as pres but with laws passed on case by case basis. A coalition but not a coalition

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@DumaGqubule

5 months

Just opened govt 30yr review. The first statistic in economy section is wrong. Says debt ratio was 64% in 1994. Takes 5 min to find correct statistic on treasury website. It is 41.8%. There was no apartheid debt crisis. Coffers were not empty. That is propaganda to justify Gear

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@DumaGqubule

3 years

Japanese PM Yoshihide Suga is stepping down because he failed to contain Covid. Japan with double our population (126m) has has had 16 184 deaths which is only 19.5% of our 83161 deaths. Japan had fully vaccinated 47.2% of the population. We have fully vaccinated only 10.8%

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@DumaGqubule

8 months

Why do parties think training is solution to unemployment crisis? It is blaming the unemployed for their unemployment. There are many training programmes and people do not get jobs. There are no jobs because there is inadequate demand. That is a macreconomic policy issue.

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@DumaGqubule

4 months

With doomsday ANC-DA alliance there will be another split. ANC will be a 30% party at next local government elections and 25% party in 2029. There will be a merger with the DA. And then another 5 years of economic decline until 2034. By 2034 GDP per capita will be lower than 2007

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@DumaGqubule

6 months

I complained to ANC die hard about manifesto that says nothing about jobs. He sent pdf and asked if i had read pillar one. Later he conceded it said nothing about jobs. When i complain about your manifesto please dont send it to me. I have read every word of it more than once

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@DumaGqubule

3 months

And green lobby supported incompetent Andre De Ruyter and said we cant improve EAF. It was like they wanted to collapse Eskom to support their case. Now we must fight against privatisation and idiotic unbundling

Jacob Maroga

@jacob_maroga

3 months

The end of load-shedding is due to performance improvements of coal plants of @Eskom_SA due to technical & leadership competence at the EXCO & Board level. Coal generation & renewables must work in tandem to provide Energy Security & Low Emissions, not in competition.

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@DumaGqubule

4 years

Later today the president will launch a private sector GBVF fund. Can someone ask him what happened to the R1.6bn he pledged towards GBV in parliament in October 2019 after the murder of Uyinene Mrwetyana. I wrote about the missing R1.6bn in my BDay column a few months ago.

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@DumaGqubule

5 months

During Q1 2024 the number of unemployed people increased by 419 000. There are 12.1m unemployed people in SA. The unemployment rate is 41.9% The unemployment rate for Africans is 46.3% and for youth 69.6%. We cant continue like this. There is no plan to address the jobs crisis

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@DumaGqubule

4 years

There are probably 12m unemployed south Africans. National Treasury says the recovery plan will create one million jobs over 10 years. That is f...ing unacceptable considering that labour force is growing by 600k a year. There will be 18m unemployed by 2030.

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@DumaGqubule

3 years

Since Dec 2008 unemployment has increased by 6m to 11.9m. Stats SA says new unemployment rates are 74.8% (youth) 48.7% (black Africans) 53.2% (black african females). In provinces it is 53% (eastern cape) 50.3% (N. Cape) and 49.9% (Limpopo). We must change macroeconomic policies

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