PLEASE NOTE:

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

 
sean
 
Comments: 5
Article views: 502
 
 
Latest Badges:



 
View all sean's badges.
 

Mining Strikes - Real Winners and Losers

21 September 2012, 10:50
So now that the miners have gone back to work,who are the real winners and losers in all of this?  

The Winners:  

1.The striking miners got a 22% pay rise and for that returned to work at Lonmin.

2.The pessimist and doomsday sayers that predicted a Zimbabwe style downward slide for South Africa will feel very much vindicated in all this.

3.Anarchist wielding machetes,knobkerries,spears means provocative violent strikes does indeed work and you get things done this way instead of talking for hours around a negotiating table.    

4.Religion is not so dead after all in South Africa. The facts that the South African Council of Churches got involved as mediators to bring a measure of calm to an already volatile situations,shows you religion still has a huge part to play in people's lives.    

5.Julias Malema.Hate to say this,but Malema was a big winner here. Opportunistic indeed he was no less,but he has electrified the voiceless poor masses to wage his cynical war with the ANC and Jacob Zuma in particular.So 1-0 to Malema over Zuma.    

The Losers:
 

1. Trade Unions almost always walk away with making hefty wage gains,and usually are more than twice the rate of inflation.But this time it's the workers at the lower end of the scale that came off better with their 22% salary increases.   The trade union's power and stubbornness is to blame for South Africa's current high unemployment rates. The reason being is that they have had such a stranglehold on Government that whenever it raises its voice,the rest of South Africa panics.

The labour laws and the draconian way unions operate in the hiring and firing of workers in South Africa are terrible. Unionized workers are the minority workforce in South Africa,but unfortunately they are the ones with the jobs that pay decent wages and that already makes themselves rich compared to other basic workers in the country like the miners. 

Unions are not benefiting the average or basic pay workers in South Africa. They only making them pay the price for their demands. Unions were supposed to do the opposite of that which is fighting and battling for the average and poorest of the poor in the country.

2.Lonmin and Foreign Investors. Leading international fund managers has announced that they've reduced their holdings in South Africa's natural resource sectors since the Marikana mining incidents flared up.

All major foreign investors have decided to "unwind" their exposure in South Africa indefinitely. The reasons they gave was the "fraught nature of the labour laws in South Africa and the political uncertainty that surrounds the ANC.
  Many more global institutions were also selling off all their holdings and businesses in South Africa's mining sectors quite fast and furiously because of all the strikes,whether they'd be legal or illegal.

3.Jacob Zuma.Accussed by Malema of being out of touch with his own people and too slow to react to the situation in which 45 people were killed in the Marikana strikes,a second term in government for Zuma looks destined to be over.The (Dick)tator that embodies and articulates all the confusions and contradictions of his party,look set to end the horror show at least for the time being by the looks of it.    

4.The ANC Government itself. Since they came to power in 1994,the ANC,has been diverting South Africa's natural resources from the production sector through its weird and uncanny tax system for government consumption and government salaries. That means that South Africa's private sector has had no funds to invest in anything else.

The nominal tax burden or government income tax,is 27%. However when you have to pay for lets say private security,while you at the same time are already paying taxes for the police service to protect you or your property,it means that you actually paying 43% of your income into the tax system in South Africa. And that's just one example. 

The ANC government has been taxing the South African economy to fund its own people's salary spending,building up their so-called black middle class through the state sector and which are getting paid very high incomes.

To put this in perspective,Germany's Angela Merkel earns less money than any of the South African ministers and mayors it was said recently. The black elite class or cadres in South Africa had been enriching themselves at the expense of South Africa's production sector and now these miners like every other STRIKER wants a share of all that.
   
The mysteries and narratives of everyday life in South Africa is that the rulers,past and present have made our country far too complicated to be fully understood.     .

References:   1.Financial Times.   2.CNBC.   3.Skynews   4.Independent Newspaper. 

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
5 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Critic
The Department of Home Affairs St...

This country's bureaucratic departments are the most inept in the world. And since anything in this country can be bought by MONEY, yes: MONEY. Read more...

0 comments 467 views
Submitted by
Temo Matjiya
Are rural retail developments ben...

The South African groceries retail market is dominated by few national players such as Shoprite-Checkers, Picknpay, Spar to name but a few.  Read more...

4 comments 45 views
Submitted by
Ryan_Ruffgrain
Mario Balotelli: Football’s Rocks...

Over the years there have been few players that have rocked the world of football like Mario Balotelli.  Read more...

1 comments 117 views
Submitted by
Pretty Ribena
MY Life

 Read more...

23 comments 487 views
Submitted by
Shikar Anybodysguess
Biochemical attack

As a motorcycle rider, I was taught to be never vigilante on the road. Read more...

4 comments 246 views
Submitted by
Thulane Che Trosky
Pallo Jordan is our most polished...

Although Pallo Jordan has confessed to his deadly sins, politics will never be the same again. I commend him for apologising to the nation for his wrongdoings. Read more...

9 comments 267 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

20% off all TV Series!

Want to have a chilled day at home? Get 20% off TV series, the perfect excuse to "veg out". Shop now!

Save R700 on the Hisense LED TV Now R2499

Get the Hisense 32” HD ready LED TV for only R2499. Offer valid while stocks last. Shop now!

Up to 40% off fashion accessories

Save up to 40% on selected handbags, purses, watches, jewellery and more. Offer valid while stocks last. Shop now!

Save up to R2000 on top electronics

Get every day mind bowing savings on top electronics. Offer valid while stocks last. Shop now!

As seen on TV - New book releases at only R199 each

Get mind blowing book savings on new titles. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

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
 
© 2014 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.