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Showing posts from June, 2014

Why is the gap between rich and poor incomes (Gini Coefficient) so big in South Africa?

Gill Marcus, Governor of the South African Reserve Bank blames employers for the strikes in various industries:

http://www.miningweekly.com/article/rand-weakens-after-marcus-comments-2014-06-10

My comments:

Marcus blaming employers? Perhaps they are at fault, but without them, there wouldn't be any employees!

Unless the government wants to employ everyone, as seems to be the case. And in Communism, the only way to finance this is by asset stripping (causing massive environmental destruction), essentially by dramatically increased mining exports (which are dwindling) and fracking, which won't happen if workers would rather have handouts and grants than actual self-fulfilling work.

In the meantime "new Mineral Resources Minister Advocate Ngoako Ramatlhodi exits the platinum sector wage talks",  http://www.miningweekly.com/article/mining-minister-bows-out-of-talks-platinum-producers-mull-options-2014-06-10 , saying that the task team established by government on May 28 a…