He said in 2019 business liquidations increased by 10.7percent, building on earlier liquidations of 3.4percent and 1.2percent in 2017 and 2018, respectively. Furthermore, mining production dropped by 3.1percent year-on-year in November 2019.
He will be releasing two more sets of numbers in February, first the fourth quarter quarterly labour force survey and the gross domestic product (GDP) in addition to 20 or so releases scheduled for February.
These are on the back of 3000 jobs to be axed by Telkom, 24 shopping outlets at Massmart, other retrenchments scheduled in the mining sector as well as the more than three-year historical consideration to retrench 30000 in the government.
One thing that is clear in South Africa is that dysfunction has become systemic. The shoot-first-and-aim-later approach leads to a lack of confidence in the government, exacerbated by the impunity with which wrongdoing is flaunted in South African faces. When will the country learn from its repeated mistakes?