People's bae blames white monopoly capital for recession

People's bae blames white monopoly capital for recession

Mbuyiseni Ndlozi took to social media to share his views on the recent recession and he blamed white monopoly for the economic's deteriorating state.

PAY ATTENTION: Click "See first" under the "Following" tab to see Briefly news on your News Feed!

On Tuesday, the GDP showed another decrease in the South African economy, which meant the country was in a technical recession.

Since news broke about the recession, people have voiced their opinions, blaming different things for the decrease in economic growth.

Mbuyiseni Ndlozi also took to social media to share his views on the recession. The people's bae continued to blame it on white monopoly.

"The #Recession must be blamed on White Monopoly Capital which has failed to create jobs, grow the economy and lead industrialization despite ANC’s misguided trust in them and giving them all market friendly policies for 24 years. It’s time for a different macroeconomic plan!" he wrote on Twitter.

PAY ATTENTION: Save mobile data with FreeBasics: Briefly is now available on the app

READ ALSO: Tweeps poke fun at AKA's shirtless snap with another man, but he claps back

Briefly.co.za gathered the post sparked mixed reactions from South Africans, most of whom found his tweet ridiculous.

Alastair McAlpine, who goes by the Twitter handle @AlastairMcA30, wrote: "Yeah... WMC threatening property rights, mismanaging SOEs, inviting foreign families in to loot the fiscus, appointing inept ministers to key portfolios...No wonder the EFF is a joke."
Ongama Dlabantu, @OngamaDlabantu, commented: "Are you being serious right now? Who promised the people jobs between politicians and business? Who is responsible for economic policy? Would any sane businessman invest amidst the current status quo? Can you even tell me what is the current economic policy?"

Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.

To stay up to date with the latest news, download our news app on Google Play or iTunes today.

Briefly South Africa has gone through the list of current and immediate past African leaders and is ready to present Top-5 tips on how to be an average African president.

Source: Briefly.co.za

Related news
Metro cop and drifter’s love story on Sofa Slahlane wins over Mzansi

Metro cop and drifter’s love story on Sofa Slahlane wins over Mzansi

Metro cop and drifter’s love story on Sofa Slahlane wins over Mzansi
Briefly.co.za
Mailfire view pixel