Monday, July 12, 2010

Findings of Economist Mike Schussler


I would like to draw your attention to two news commentaries, one appeared in Business Day, the other a Times Live article, both reporting on the findings of Mike Schussler, chief executive of Economists.co.za.

He’s findings paint a somewhat bizarre picture and indicate that the unique economic circumstances that South African’s currently endure, aren’t sustainable.

It is implied that the benefits enjoyed by those who work for parastatals, aren’t sustainable in the private sector. The standards which government and state enterprises have thus set, have resulted in private sector companies employing less, which in turn has resulted in more taking of social benefits.

As you can no doubt imagine, there are a whole host of ramifications. According to Schussler more South Africans receive money from welfare, than from employment. His numbers inform that there are 12.8 million people working while 13.8 million receive welfare payments, this from the proceeds of five million taxpayers.

Both articles make for very interesting reading:

Business Day Article
Times Live Article

Ernest Roper
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