SA economy slows to a crawl

[James]

BankservAfrica's Economic Transaction Index (BETI) shows that annual growth slowed to only 0.2 percent last month, the electronic payments transaction company said on Wednesday.

BankservAfrica's regulated products CEO Brad Gillis said not even the pre-election spending of political parties could put momentum back into the economy.

"The 0.2 percent year-on-year growth in April 2014 shows one of the smallest changes in economic activity over the last year,"...read more here: SA economy slows to a crawl

[Ike_009]

No worries guys we just voted the same idiots you got us in this mess back into power. Here comes more job losses and crippling inflation, this is just the news the people want.

[brendanvb]

No worries guys we just voted the same idiots you got us in this mess back into power. Here comes more job losses and crippling inflation, this is just the news the people want.

This is the sad truth. It's probably only going to get worse unfortunately and the masses don't seem to care at all.

[Ike_009]

This is the sad truth. It's probably only going to get worse unfortunately and the masses don't seem to care at all.

So long as the ANC keeps the general public in this uneducated (education system is pathetic and a access to information sucks) the ANC will keep its sympathetic apartheid vote. It's just weird how in the places with the worst service delivery and poverty the ANC got most of their votes, it's like people care more about some crumbling dream than trying to get themselves out of this hole the ANC dug them into.

Net result, another 4 years of a dying economy.

[MissileToe]

Their argument is pretty much this: "I have no job, I have no house, but at least I've got my freedom."

And that's why they vote for the same guys. Just a pity that freedom doesn't pay the bills or keep you from starving to death.