People will lose their jobs because of General Motors’ decision to pull out of South Africa.
Just think of all those people who will be out of jobs.
How will they find new work?
It is regrettable to see the company leave.
This is not good news for South Africa. A string of vehicle manufacturers have pulled out of South Africa over the past two years, including Citroen, Daihatsu and MG.
One cannot blame these companies, because our current situation is not looking good.
It’s clear that our downgrade resulted in the flight of capital as investor confidence has dropped.
General Motors wouldn’t have disinvested if they still thought it made economic sense to be here. With these companies leaving, the tax base shrinks and less money is collected.
How will government afford its radical economic transformation plan?
Will it start paying salaries to workers who’ve lost their jobs?
South Africans should think hard as many more companies will leave.
We have so much political instability and so many strikes that investors look at other countries to generate higher profits and have fewer risks.
Our people act without thinking of the consequences, thinking only of today and forgetting there’s a tomorrow.
Nelson Kgatla, Pretoria North