Cyril, jobs and the capitalist way

2018-02-01 06:01
Skaap Motsau

Skaap Motsau

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The press is at it again.

They want to create euphoria around Cyril Ramaphosa as the president of the ruling party.

Something which they did with distinction during the stage-managed release of Nelson Mandela from prison.

They are holding him out, and trying to foist him down our throats as some kind of a benevolent capitalist giant with a big new broom in his hand, ready to sweep corruption off the face of South Africa.

How often have we heard members of the ruling party boasting that they are responsible for the revelations of the corruption of the ruling party?

Now we are expected to celebrate this!

Year after year, for three or four years after he became the president of South Africa, Jacob Zuma promised and predicted that unemployment was going to be reduced.

This never happened. Instead, unemployment has grown in leaps and bounds.

Now Cyril Ramaphosa climbs to the top of the parapet and invites foreign investors to come and create jobs in South Africa.

He has even gone to the World Economic Forum.

His predecessors, Nelson Mandela, Thabo Mbeki and Jacob Zuma toured the West with a begging bowl for Foreign Direct Investment. It was in vain.

The Americans voted for Donald Trump because the economy of the USA is in dire straits.

Unemployment is a big problem in the USA. Look at Detroit, a city that boasted a population of about two million in its heyday.

Today, only about 800,000 residents remain there. The many empty dwellings now inhabited by stray dogs attest to this.

Detroit was the capital of car manufacturing in the US.

They have all closed shop and left town. Now Volkswagen is the biggest car manufacturer in the United States. Mazda and Toyota have just moved in the south.

America is now importing washing machines and solar panels from China and South Korea.

It has imposed a 50% tariff on these products to protect its own manufacturers!

Its companies have moved to China and other Asian countries where there is cheap labour and a very big market!

The Germans have not been spared. Some top end Mercedes-Benz engines are now being manufactured in China.

The Chinese successfully twisted the arm of the Germans to agree to manufacture the Mercedes-Benz engines outside Germany.

The Chinese were not happy with assembling body parts only, they insisted on manufacturing them in China, using Chinese raw materials; and learning from the technology.

French president Emanuel Macron has just returned from a trip to China. Foreign Direct Investment does not go where there is a Cosatu and expensive labour.

Cyril Ramaphosa has about Five billion rands in his pocket. He went to Davos only to brush shoulders with other big shots like him and taste the wine.

I hope he will a good economic reality lesson whilst being pampered there.

. Nkutšoeu Motsau is the chairperson of Azanla MVA)

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