Fadiel Adams is the head of the Cape Coloured Congress, a political party representing the interests of Coloured people in South Africa. Cape Coloured Congress: https://ccc.org.za/
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Roman speaks to his business partner, Byron, about the ongoing risk of EWC.
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Sources:
https://businesstech.co.za/news/finance/475146/collapsing-taxes-have-left-south-africa-with-no-other-options-treasury/
https://www.businessinsider.co.za/new-pension-fund-rules-encourage-infrastructure-investments-2021-3
https://www.news24.com/news24/southafrica/news/state-not-ready-for-trial-of-pair-accused-of-killing-crime-intelligence-officer-20210316
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https://www.youtube.com/watch?v=-iQqkUNgKxM
Takeaways
The ANC's promises to workers, such as a basic income grant and the NHI, are seen as populist measures to maintain the support of unions.
Unions in South Africa, particularly those affiliated with the state, act as extractive mafias and are responsible for labor practices that make it difficult to find employment.
The high unemployment rates in South Africa are attributed to the labor aristocracy created by the unions and the ANC.
The upcoming elections may require a coalition government, and COSATU has expressed a preference for a coalition with the EFF over the DA.
Chapters
00:00 The ANC's Promises to Workers
03:17 Unions as Extractive Mafias
06:31 High Unemployment Rates
07:45 Coalition Government
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Douglas James Wilson is a conservative Reformed and evangelical theologian, pastor at Christ Church in Moscow, Idaho, faculty member at New Saint Andrews College, and author and speaker.
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