Inflation is at 5.8% (which is a nonsense low as any shopper knows) and our government is considering giving public servants a 6.8% increase whilst unions are demanding as much as 15%. If our growth is only 1.4%, surely that means that anything more than that makes our economy sink further?
2015 is going to be another tough year. Expect more strikes because both sides aren’t going to be happy (and both are likely to be selfishly illogical, one wanting votes whilst the other wants more money at the expense of the poor).
Our investment rating, as a nation, is just one step away from junk – what will it take to make government acknowledge that massive reform is needed?
We will also experience world forces. Just look at the craziness in Russia. On Saturday, their currency lost, at one point, lost 19% of its value. No one needs a country of that size to crash. The ripple affect will hurt many (and they are a major partner in the trading block BRICS which South Africa belongs to).
Here in Knysna, we can ill afford the millions that has been spent on wasteful expenditure. Being unable to fix our roads and pipes is a sure sign we’re already in trouble. And now our municipality, okayed by the DA snug in their new offices, are going to spend a million rand on a media consultant which equates that it’s better to tell the bad news nicely rather than admit a problem. Maybe they’ll ram home the irony by hiring someone associated with Knysna Tourism.
Yes, you’re well aware, our useless, secretive, lying politicians piss me off!