Wake up and smell the coffee or you might have a revolution on your hands! - Cofesa’s Dr McCrystal to Government

Loading player...
A report this week by Cofesa, the Confederation of Employers in South Africa, has warned that South Africa is flashing red for an Arab Spring phenomenon, similar to the uprising or revolution that led to regime changes across Northern Africa and the Middle East and led to the end of the regime of President Hosni Mubarak in Egypt. The study by Advocate Hein van der Walt and Dr Lawrence McCrystal draws stark parallels between the conditions that brought about the Arab Spring and those that are present currently in South Africa. Dr. Lawrence McCrystal, the Chairman of Cofesa, told BizNews that the ANC government needs to wake up, and that it can’t keep on ignoring large-scale unemployment in the country. Cofesa has submitted immediate solutions to the problem of unemployment to President Cyril Ramaphosa. Learn more about your ad choices. Visit megaphone.fm/adchoices
7 Oct 2021 6AM English South Africa Investing · Business News

Other recent episodes

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min