PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Solarflair
 
Comments: 7
Article views: 566
 
 
Latest Badges:



 
View all Solarflair's badges.
 

How to save the economy

31 July 2012, 08:27

Have any of you ever given thought of how to revitalize our economy?

Well I have and here are some ideas, if you are part of the youth league listen up

Firstly we need to open up our economy and make it worth it for investors to put serious cash into our country

Now How do we do that, firstly we could privatize more, lets take that monopoly on power called E.S.K.O.M think about it we could brake ESKOM up into parts and sell of power stations to Individual this would create competitiveness between the different companies, and who do you think will benefit if the companies goes into a competitive price war, obviously the consumer

Now lets say, you are a owner of a factory and the price of power comes down , it would make you more profitable, with would enable you to grow your business and  be more completive, because you have branched out you would require more infrastructure and because of that you would have to relocate to bigger premises.

How do we make business more willing to take on more staff? Well by relaxing labor laws, one would be able to hire and fire  on a different scale making sure that the person you put in a position is the right one for the job, you see to employ someone that is not in the right position cost our economy billions because people end up taking jobs that they cant necessarily do, the employers the have to struggle to get rid of the because of the labor law and are forced to either look for someone to help the new bloke out, causing even more inefficiencies, the cost to get rid of someone And the prescribed procedure that has to be followed causes businesses harm and cost our economy billions in a year.

By doing this companies will be more efficient and the price to produce will come down cause a efficient company is a productive company , the more money businesses makes the more tax could be generate the more staff could be employed, the more staff that are employed the more tax would also be paid into state coffers.

How do I know this would work , well if you look at the bigger economies of the world one must ask HOW DID THAY GET THEARE and if you look back you will find  they have used open economy’s even china a  communist country have started to grow cause they opened up there economy a decade or so ago, and look at how Zambia after years and years of   having there mines nationalized  the industry collapsing , they changed there way started to privatize the mines again and  there you go a industry totally revived  

Making the biggest contribution to there taxable income     

You mite ask, what would the government do with all this new revenue?

Well instead of stealing it like our comrades running the economy now!  You could have free ejection at technicians and university’s, for those who deserve it academically

Why would we do this? Well to get people trained and skilled and this in turn would make business even more efficient, in the long run!! At the moment we don’t have enough, technically trained people in the country and it cost business a lot again billions to get people to a good level

Now once you have a skilled work force and you are able to pick and chouse who you want to work for you, and the cost of doing business in South Africa is low, If I was a investor in America I would grab the opportunity to put money down here were I know I could urn instead of 2.5 percent in the US maybe between 7 and 15 percent more

You see our biggest problem is our inability to see our potential ,and to make it happen , these policies I have proposed is the opposite way of what we are going in at the moment

WHY IS THAT ?  

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Africa must break from negative n...

Despite decades of conflict, death and tragedy, coverage of issues in Africa has often been ignored, oversimplified, or excessively focused on limited aspects. Read more...

7 comments 200 views
Submitted by
Amaps
Let the Chuch be the help to the ...

So disappointing how the "church" which claims to be the body of Christ, its not as it should be, its operated like a corporate company. Read more...

53 comments 355 views
Submitted by
MarkH
South Africa: The reality show

I see a tendency – just love that word – developing lately of the regime – another old favourite – to spread far and wide as much confusion as possible, all involving spending my money, of course. Read more...

3 comments 263 views
Submitted by
SkerP
Memories of 2 February 1990

This year marks a quarter century since I matriculated. And, obviously, the same time has elapsed since the unbanning of the ANC. Read more...

5 comments 1003 views
Submitted by
MarkH
Civil war vs civil disturbance

I wrote this article after considering responses to an article on News24 yesterday, also the “attack” on the Bedford Gardens shopping mall, when I found myself pondering the differences between civil disturbance and civil war, and naturally the implications of both. Read more...

2 comments 367 views
Submitted by
Kalos eidos
Yes, there is a global agenda to ...

These words form the motto, mind- set, and goal of the world’s elite humanists, their establishment puppets and their rank and file useful idiots.  Read more...

47 comments 954 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

Games on Sale!

Save up to 60% on selected games. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

OLX Free Classifieds [change area]

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2015 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.