WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2010-09-09 Time: 15:00:02 Posted By: Jan
The Reserve Bank apparently cut the interest rate a bit today, effective in October.
But the really interesting thing was a statement that 1 million jobs had been lost in the last 2 years… If you take it that South Africa’s entire workforce is somewhere in the region of 8 million people… that will give you and idea of the scale of this disaster from the global financial meltdown.
And… the way South Africa works… due to labour laws, etc… we do NOT hire and fire immediately as the Americans do. Our processes are hampered by much legal stuff from the Govt… so what businesses do… is the large ones take a slow, long term view. The bank I work for has said it will downsize staff for the next 5 years… And rest assured, the general trend is towards LESS EMPLOYEES.
When these jobs are lost… they might be lost for the next 5-10 years…