* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, November 12, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Nov. 13 Vallejo/Vacaville Arts/Entertainment Source: Activities – Times Herald Online

    Nov. 13 Vallejo/Vacaville Arts/Entertainment Source: Activities – Times Herald Online

    New Orleans Museum of Art director gets a French award started by Napoleon Bonaparte – NOLA.com

    New Orleans Museum of Art director gets a French award started by Napoleon Bonaparte – NOLA.com

    ‘Little House on the Prairie’ stars reunite for iconic show’s 50th anniversary – Spectrum News

    ‘Little House on the Prairie’ stars reunite for iconic show’s 50th anniversary – Spectrum News

    Die My Love to Rosalía’s Lux: your complete entertainment guide to the week ahead – The Guardian

    Die My Love to Rosalía’s Lux: your complete entertainment guide to the week ahead – The Guardian

    3 big names skip Rock and Roll Hall of Fame induction ceremony – Yahoo

    Three Major Stars Shock Fans by Skipping Rock and Roll Hall of Fame Induction Ceremony

    Syracuse finalizes entertainment plans for yearly downtown Christmas tree lighting – Syracuse.com

    Syracuse Reveals Thrilling Entertainment Lineup for Annual Downtown Christmas Tree Lighting Celebration

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Two Tigers land Liberty League All-Conference honors – Rochester Institute of Technology Athletics

    Two Tigers land Liberty League All-Conference honors – Rochester Institute of Technology Athletics

    Green Technology Book: Solutions for confronting climate disasters – Part 1: Water-related disasters – WIPO – World Intellectual Property Organization

    Green Technology Book: Solutions for confronting climate disasters – Part 1: Water-related disasters – WIPO – World Intellectual Property Organization

    Reimagining cybersecurity in the era of AI and quantum – MIT Technology Review

    Reimagining cybersecurity in the era of AI and quantum – MIT Technology Review

    Davis R M Inc. Has $16.67 Million Holdings in Microchip Technology Incorporated $MCHP – MarketBeat

    Davis R M Inc. Amplifies Investment with $16.67 Million Stake in Microchip Technology

    World Wide Technology Championship Full Prize Money Payout 2025 – Golf Monthly

    World Wide Technology Championship Full Prize Money Payout 2025 – Golf Monthly

    Sami Valimaki makes birdie on No. 18 at World Wide Technology – PGA Tour

    Sami Valimaki makes birdie on No. 18 at World Wide Technology – PGA Tour

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Nov. 13 Vallejo/Vacaville Arts/Entertainment Source: Activities – Times Herald Online

    Nov. 13 Vallejo/Vacaville Arts/Entertainment Source: Activities – Times Herald Online

    New Orleans Museum of Art director gets a French award started by Napoleon Bonaparte – NOLA.com

    New Orleans Museum of Art director gets a French award started by Napoleon Bonaparte – NOLA.com

    ‘Little House on the Prairie’ stars reunite for iconic show’s 50th anniversary – Spectrum News

    ‘Little House on the Prairie’ stars reunite for iconic show’s 50th anniversary – Spectrum News

    Die My Love to Rosalía’s Lux: your complete entertainment guide to the week ahead – The Guardian

    Die My Love to Rosalía’s Lux: your complete entertainment guide to the week ahead – The Guardian

    3 big names skip Rock and Roll Hall of Fame induction ceremony – Yahoo

    Three Major Stars Shock Fans by Skipping Rock and Roll Hall of Fame Induction Ceremony

    Syracuse finalizes entertainment plans for yearly downtown Christmas tree lighting – Syracuse.com

    Syracuse Reveals Thrilling Entertainment Lineup for Annual Downtown Christmas Tree Lighting Celebration

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Two Tigers land Liberty League All-Conference honors – Rochester Institute of Technology Athletics

    Two Tigers land Liberty League All-Conference honors – Rochester Institute of Technology Athletics

    Green Technology Book: Solutions for confronting climate disasters – Part 1: Water-related disasters – WIPO – World Intellectual Property Organization

    Green Technology Book: Solutions for confronting climate disasters – Part 1: Water-related disasters – WIPO – World Intellectual Property Organization

    Reimagining cybersecurity in the era of AI and quantum – MIT Technology Review

    Reimagining cybersecurity in the era of AI and quantum – MIT Technology Review

    Davis R M Inc. Has $16.67 Million Holdings in Microchip Technology Incorporated $MCHP – MarketBeat

    Davis R M Inc. Amplifies Investment with $16.67 Million Stake in Microchip Technology

    World Wide Technology Championship Full Prize Money Payout 2025 – Golf Monthly

    World Wide Technology Championship Full Prize Money Payout 2025 – Golf Monthly

    Sami Valimaki makes birdie on No. 18 at World Wide Technology – PGA Tour

    Sami Valimaki makes birdie on No. 18 at World Wide Technology – PGA Tour

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

ANC’s shocking stance: Call to cut ties with France threatens South Africa’s economic growth

December 13, 2023
in Business
ANC’s shocking stance: Call to cut ties with France threatens South Africa’s economic growth
Share on FacebookShare on Twitter

In a recent statement, the Institute of Race Relations highlighted critical concerns for South Africa’s economic growth, including energy stability, logistics, anti-corruption measures, and investor visa processes. However, the ANC’s spokesperson in Gauteng, Tshikani Reckson Hasani, shocked with calls to close the French embassy and dismiss French companies. This move jeopardises vital trade relations, revealing the ANC’s pro-poverty stance. As South Africa faces a choice between growth and poverty, citizens must awaken to the consequences of endorsing policies that undermine the nation’s economic well-being. The upcoming elections offer a chance for decisive change.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Time for South Africans to disown the peddlers of poverty

By Hermann Pretorius*

When Sébastien de Place, president of the Foreign Trade Advisors for France in South Africa, warned the government last week of the risk to foreign business investments in South Africa posed by the country’s fundamental economic challenges, one of the most revealing – and most reckless – responses came from within the governing

As we pointed out in a statement released last week, few South Africans need reminding of the importance of, for example, energy stability, logistics efficiencies, port competitiveness, anti-corruption measures, and improved investor visa processes.

It comes as no surprise that these should be among the pressing concerns of foreign investors.

They are among the issues on which the IRR has continuously put forward solutions to ensure economic growth.

And, as De Place suggested in warning that other African countries are fast outstripping South Africa on these key measures of economic progress and investor confidence, these are issues that are central to our global competitiveness.

Yet, in a revealing comment on social media, the ANC once again placed itself on the side of the enemies of economic growth and opportunity – this time not through the comprehensive failures of governments under ANC control, but through one of its spokespersons in Gauteng, the province that has long been the economic engine of South Africa.

Tshikani Reckson Hasani, spokesperson for the ANC in the Ekurhuleni metropolitan municipality, home to South Africa’s most important airport, OR Tambo International Airport, described French companies as ‘replaceable entities’. Hasani went further, calling for the immediate closure of the French embassy to South Africa.

Bear in mind that the European Union is one of South Africa’s most important trade destinations, with France being South Africa’s second largest trading partner in the EU and our leading trade partner in Africa.

Intense antipathy

Here, then, is another instance of the ANC exposing its intense antipathy to the very idea of economic growth. The concerns raised by De Place are of inarguable validity. For the ANC to respond with such ignorant arrogance as to dismiss foreign investors in South Africa as replaceable and call for the idiotic severance of diplomatic ties with a key trading partner is more evidence that the ANC has firmly sided with the pro-poverty forces in South Africa.

The stark choice emerging in this country is one between poverty and growth. South Africa is rapidly becoming the battleground of those who want economic growth and socio-economic upliftment through jobs and opportunities and skills development, and the peddlers of poverty.

It is somewhat surprising that the ANC would be so blatant about its aggressive pro-poverty ideology, but the honesty is to be welcomed.

South Africans, especially those in business, must now face up to the realities of the policy crisis in our country. At the heart of every economic failure we see cadres, crooks, cronies, and comrades putting greed, corruption, state capture, and reckless pro-poverty ideology above what is best for the people of this country.

Over many years, harking back to the darkest days of apartheid, the state has seized more and more power to interfere in the economy, tax more, spend irresponsibly, mismanage SOEs crucial to manufacturing,g and getting goods and services to market. And all of this is made possible by the kleptocratic restructuring of public procurement as a cadre-rigged looting scheme through failed policies like BEE, which has morphed into ‘blatant elite enrichment’.

It would be a waste of time calling for the ANC to act against Cllr. Hasani. He is, in fact, to be lauded for presenting the beliefs of his party so clearly and honestly.

What the IRR is, however, calling for is for South Africans, especially those in business, to wake up and understand the antagonism of the pro-poverty forces in South Africa.

Not the only choice

We are months away from a vital national and provincial election. But that is not the only choice facing South Africans. We have the choice every single day of whether we continue empowering the policies that have brought the country to its knees and vandalised important trade and economic relationships and capacities.

Every day the business and corporate leaders of this country go along with the pro-poverty policies of ‘blatant elite enrichment’, with the paper-thin attempts of the President to bluff his way out of the shame of his party’s enormous failures, with the deceitful narrative that constructive ‘reforms’ are imminent, with the lazy and uncritical narrative that corruption is the disease rather than a symptom of the pro-poverty disease of state economic control – every day we as a country fail to call out the pro-poverty poison killing the aspirations of the people is another day closer to the type of poverty that will make the socio-economic destruction caused by apartheid seem like sound economic policy.

Enough is enough. The mask has slipped. The excuses no longer work. The platitudes of social compacts no longer hide the stench of failure. Those who align themselves willingly with the peddlers of poverty will get what they deserve: the brutal judgement of history and the well-earned label coined by Moeletsi Mbeki – ‘architects of poverty’.

Read also:

🔒 FM editor Rob Rose: ‘Rand rigging’ and the ANC’s innumerate leadership
🔒 Dirk Hartford: Unveiling the fractured foundations – Ramaphosa’s tightrope walk amid ANC’s internal strife
SA Presidency’s R88.5 billion anti-poverty plan despite Treasury’s budget warning

*Hermann Pretorius studied law and opera before entering politics and, latterly, joining the IRR as an analyst.

This article was first published by Daily Friend and is republished with permission

Visited 55 times, 55 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/rational-perspective/2023/12/13/ancs-shocking-stance-call-cut-ties-france-threatens-economic-growth

Tags: ANC’sbusinessShocking
Previous Post

BHI Ponzi: Warriner tries to get bail before X-mas

Next Post

Private education soars as South Africa’s public system falters, boosting stocks of Curro and Advtech

Strain displacement in microbiomes via ecological competition – Nature

Strain displacement in microbiomes via ecological competition – Nature

November 12, 2025
New ‘nearly interstellar’ comet, wrongly linked to 3I/ATLAS, will reach its closest point to Earth on Tuesday (Nov. 11) – Live Science

New ‘nearly interstellar’ comet, wrongly linked to 3I/ATLAS, will reach its closest point to Earth on Tuesday (Nov. 11) – Live Science

November 12, 2025
No, comet 3I/ATLAS hasn’t exploded — and no, that doesn’t mean it’s an alien spaceship – Live Science

No, Comet 3I/ATLAS Didn’t Explode – And It’s Certainly Not an Alien Spaceship

November 12, 2025
Kansas Wildlife Dept launches year-long outdoor recreation challenge – KOAM News Now

Kansas Wildlife Dept launches year-long outdoor recreation challenge – KOAM News Now

November 12, 2025
Two Tigers land Liberty League All-Conference honors – Rochester Institute of Technology Athletics

Two Tigers land Liberty League All-Conference honors – Rochester Institute of Technology Athletics

November 12, 2025
Jets’ Aaron Glenn says he’ll ‘pass’ on injury questions, refers media to reporter who broke Garrett Wilson news: ‘Ask Rich’ – Yahoo Sports

Jets’ Aaron Glenn Deflects Injury Questions, Tells Media to ‘Ask Rich’ About Garrett Wilson

November 12, 2025
Video Massive spider web on Greece-Albania border might be world’s largest – abcnews.go.com

Incredible Giant Spider Web Spanning the Greece-Albania Border Could Be the World’s Largest

November 12, 2025

Feeling Great About the Economy? Here’s Why Owning Stocks Is a Must

November 12, 2025
Nov. 13 Vallejo/Vacaville Arts/Entertainment Source: Activities – Times Herald Online

Nov. 13 Vallejo/Vacaville Arts/Entertainment Source: Activities – Times Herald Online

November 12, 2025
175 to lose their jobs when Contigo Health in Hudson closes at the end of the year – Akron Beacon Journal

Contigo Health in Hudson to Close by Year’s End, Threatening 175 Jobs

November 12, 2025

Categories

Archives

November 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
« Oct    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (915)
  • Economy (935)
  • Entertainment (21,808)
  • General (18,130)
  • Health (9,974)
  • Lifestyle (946)
  • News (22,149)
  • People (937)
  • Politics (947)
  • Science (16,148)
  • Sports (21,435)
  • Technology (15,915)
  • World (920)

Recent News

Strain displacement in microbiomes via ecological competition – Nature

Strain displacement in microbiomes via ecological competition – Nature

November 12, 2025
New ‘nearly interstellar’ comet, wrongly linked to 3I/ATLAS, will reach its closest point to Earth on Tuesday (Nov. 11) – Live Science

New ‘nearly interstellar’ comet, wrongly linked to 3I/ATLAS, will reach its closest point to Earth on Tuesday (Nov. 11) – Live Science

November 12, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version