Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Minister of employment & Labour Thulas Nxesi. Picture: FREDDY MAVUNDA/BUSINESS DAY
In 2020 SA’s unemployment rate was 28.5%, making it supposedly the worst in the world. It even managed to outdo the hellhole of Gaza. Now it has risen to 34.9% (46.6% on the expanded definition).
We know chronic unemployment brings social disruption. This was the case in the Weimar Republic when unemployment was at 24%, before Adolf Hitler became chancellor in 1933. We’ve witnessed it in KwaZulu-Natal and Gauteng this year, and we must expect more of the same during 2022.
But this bleak prognosis hasn’t prevented employment & labour minister Thulas Nxesi from steering his Employment Equity Amendment Bill through the House of Assembly. He is confident that by September 2022 all existing company employment equity arrangements will be replaced by five-year plans with draconian fines, being adamant that “employment equity self-regulation” hasn’t worked.
Employment preference, on whatever basis, didn’t work in the Republic of Ireland during the 1930s to 1950s, or in Malaysia’s Bumiputera system.
Nxesi’s title must be changed to minister of unemployment. BEE has driven more than a generation of SA’s young and brightest to create jobs in other countries, while cultivating a destructive sense of entitlement and corruption among the ever-dwindling domestic workforce.
Nxesi simply doesn’t realise that he cannot increase employment and impose BEE simultaneously. As doubling down on his employment equity efforts will only push our unemployment numbers over 50%, Nxesi and the ANC have become living embodiments of Einstein’s insanity dictum.
James Cunningham Camps Bay
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: Fire minister of unemployment
In 2020 SA’s unemployment rate was 28.5%, making it supposedly the worst in the world. It even managed to outdo the hellhole of Gaza. Now it has risen to 34.9% (46.6% on the expanded definition).
We know chronic unemployment brings social disruption. This was the case in the Weimar Republic when unemployment was at 24%, before Adolf Hitler became chancellor in 1933. We’ve witnessed it in KwaZulu-Natal and Gauteng this year, and we must expect more of the same during 2022.
But this bleak prognosis hasn’t prevented employment & labour minister Thulas Nxesi from steering his Employment Equity Amendment Bill through the House of Assembly. He is confident that by September 2022 all existing company employment equity arrangements will be replaced by five-year plans with draconian fines, being adamant that “employment equity self-regulation” hasn’t worked.
Employment preference, on whatever basis, didn’t work in the Republic of Ireland during the 1930s to 1950s, or in Malaysia’s Bumiputera system.
Nxesi’s title must be changed to minister of unemployment. BEE has driven more than a generation of SA’s young and brightest to create jobs in other countries, while cultivating a destructive sense of entitlement and corruption among the ever-dwindling domestic workforce.
Nxesi simply doesn’t realise that he cannot increase employment and impose BEE simultaneously. As doubling down on his employment equity efforts will only push our unemployment numbers over 50%, Nxesi and the ANC have become living embodiments of Einstein’s insanity dictum.
James Cunningham
Camps Bay
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
ECONOMIC WEEK AHEAD: GDP data expected to show the effects of July’s unrest
POLITICAL WEEK AHEAD: Shamila Batohi to speak on resignation of head of the ‘new Scorpions’
LETTER: South Africans first
EDITORIAL: Jobless numbers are now a clanging bell
LETTER: Of course unemployment is rising
PETER ATTARD MONTALTO: Extremes and choices in the year ahead
LETTER: SA cannot afford immigrants
LETTER: Covid-19 not to blame for unemployment
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
RIAAN SALIE: BEE most hurts those it was designed to help
MICHAEL MORRIS: Targets for ‘equitable representation’ sustain racist folly
How to put SA’s economy on a bold, sustainable and inclusive growth path
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.