Economy Archives - United Democratic Movement | UDM

Dissent voices on SOEs by top leadership is disheartening!

Mr Bongani MsomiUDM Secretary General The United Democratic Movement takes note on contradicting statements issued over the weekend by the President of the ruling party and his National Person on the ailing state-owned entity the South African airways. The President, Mr Cyril Ramaphosa insisted that SAA will not be sold or shut down and within hours the chairperson, Mr Gwede Mantashe told the nation that this entity should be shut down if [...]

Admin2020-02-10T14:44:53+02:00February 10th, 2020|2020 Archive, Bongani Msomi, Economy, Government, Human rights, Local Government, Media statements: UDM, Youth Issues|0 Comments

Postponement of lower Data prices is a Justice Denied

The UDM Youth Vanguard is in awe at the extension of the deadline that was initially two months for network operators to reduce data costs. If these network operators were interested in reducing data, they could have done so within the timeframe the Competition Commission had set. Calls for reduction of data prices were not a new thing when the Commission tabled their report in December,2019. This clarion call has been around for years. [...]

Admin2020-02-03T13:59:28+02:00February 3rd, 2020|#DataMustFall, 2020 Archive, Economy, Government, Home, Human rights, Issues, Justice, Media statements: UDMYV, Uncategorized, Youth Issues|0 Comments

Dismissal of Corrupt Managers at the SABC is not enough!

Mr Bongani MsomiUDM Secretary General The United Democratic Movement is of the view that the reports that shows the South African Broadcast Corporation (SABC) has lost 1.5Billion in revenue over the period of 2018/19 is unacceptable to the core. The dismissal and disciplinary measures by the Public broadcaster are not enough punishable measures for the perpetrators. The public has heard enough of this. The SABC, recently got a bailout of 2.1Billion rand [...]

Admin2020-01-21T15:05:36+02:00January 21st, 2020|2020 Archive, Bongani Msomi, Economy, Home, Issues, Media statements: UDM|0 Comments

Access to Internet is a Human Right!

The United Democratic Movement Youth Vanguard welcomes the Competition Commission call for the South African mobile operator giants Vodacom and MTN to reduce their data charges by 30% to 50% within two months. This has been a call that the UDMYV has made for quite some time, calling for data to fall and allow young people to access jobs, business opportunities, studying purposes, social safety awarenesses and other miscellaneous itinerary. It is unacceptable [...]

Admin2019-12-11T15:28:27+02:00December 11th, 2019|#DataMustFall, 2019 Archive, Economy, Government, Home, Issues, Media statements: UDMYV|Comments Off

UDMYV: Return of “drug mule” Babsie Nobanda

The United Democratic Movement Youth Vanguard would like to congratulate Nolubabalo “Babsie” Nobanda for taking her destiny into her own hands whilst imprisoned in Thailand for drug smuggling. She is returning home with a degree in communications obtained from the University of South Africa. However, we are concerned that she is coming back to a country with an alarming 29% youth unemployment, which is one of the major contributing factors to our young [...]

Admin2019-08-14T14:45:22+02:00August 14th, 2019|2019 Archive, Economy, Job creation, Media statements: UDMYV, Youth Issues|Comments Off

Eastern Cape Legislature: Mr Mncedisi Filtane, MPL’s contribution to the budget debate on economic development

1. Having tried to juxtapose the MEC‘s policy speech with his department’s operational plan driven by such a minute budget, I could only conclude that the Eastern Cape government is going nowhere. When you reduce, by as much as 25%, the budget of Treasury, what do you expect to achieve in the sickly fiscal environment? If the whole province projects a revenue of R6 billion but commits to just R1, 4 billion then psychologically, [...]

Admin2019-08-23T15:06:15+02:00August 13th, 2019|2019 Archive, Economy, Home, Mncedisi Filtane, Speeches|Comments Off

Bantu Holomisa, MP and UDM President’s address at the BPI Foundation’s 2019 Summit

Bantu Holomisa, MP and UDM President’s address at the BPI Foundation’s 2019 Summit on 1 and 2 August 2019 at the Midrand Conference Centre Topic of discussion: “The oneness and shared success we seek and should aspire to as a new nation and developing country, while battling with deep wounds of our historical atrocities” • Our hosts at the BPI Foundation • Fellow speakers • Ladies and gentlemen 1. Thank you Thank you to the [...]

Admin2019-08-01T15:16:30+02:00August 1st, 2019|#NationalSummit, 2019 Archive, Bantu Holomisa, Corruption and clean governance, Economy, Government|1 Comment

Youth unemployment can only be solved at an Economic Indaba

Second quarter stats have shown that youth unemployment has risen significantly and President Cyril Ramaphosa has cautioned the citizens of this country to prepare themselves for more job losses. These pronouncements come just after the President’s famous promise of the creation of two million jobs in ten years’ time. President Ramaphosa cannot make beautiful statements in his SONA and budget speech address to only come to us a little later, saying things are not going [...]

Admin2019-07-30T14:29:21+02:00July 30th, 2019|#NationalSummit, 2019 Archive, Economy, Home, Job creation, Youth Issues|Comments Off

Bantu Holomisa’s address at a UDM Election Rally at Marikana

• National Leadership of the UDM • Provincial and regional leaders of the party • UDM members and supporters • Fellow South Africans 1. Introduction Greetings to you all and thank you for welcoming the United Democratic Movement (UDM) into your midst with such open arms. We have been here many times after that fateful day on 16 August 2012. We still mourn the loss of life and pray that those who paid with [...]

Admin2019-04-14T14:25:10+02:00April 14th, 2019|2019 Archive, 2019 Election Campaign, Bantu Holomisa, Economy, Home, Labour, Marikana Massacre, Minerals and Energy, Police brutality, Public Investment Corporation, SA Mining Industry, Speeches|Comments Off

Bantu Holomisa speaks at a Unisa panel discussion on the 2019 general elections

• Our hosts today • Dr Somadoda Fikeni, our moderator • Those who represent the various departments that sponsored this panel discussion • My colleagues from other political parties • Academics and students • Ladies and gentlemen Thank you for affording me the opportunity to have a chat with you today. 1. The UDM’s road of success The United Democratic Movement (UDM) has since its inception batted on the wicket of the ethics of [...]

Admin2019-04-12T10:10:35+02:00April 12th, 2019|#FeesMustFall, #NationalSummit, 2019 Archive, 2019 Election Campaign, Bantu Holomisa, Corruption and clean governance, Economy, Elections, Higher and Basic Education, Home, Human rights, Infrastructure development, Job creation, Land, Public Service and Administration, Public Works, Safety and Security, Speeches, Xenophobia|Comments Off

An Alternative State of the Nation: Holomisa addresses the Cape Town Press Club

Address by Mr BH Holomisa, MP and UDM President regarding an Alternative State of the Nation at the Cape Town Press Club • Chairperson • Ladies and gentlemen 1. Introduction We are grateful to be part of this engagement exploring the very important subject of the true state of the nation. We are just three months away from the 6th democratic elections in South Africa, which means that electioneering has begun and that all [...]

Admin2019-02-05T14:01:32+02:00February 5th, 2019|2019 Archive, 2019 Election Campaign, Bantu Holomisa, Corruption and clean governance, Economy, Home, Parastatals, Public Investment Corporation|Comments Off

The PIC commission should start now that Nene has been fired

Mr Bantu Holomisa, MPUDM President We welcome President Ramaphosa’s decision to show Nhlanhla Nene the door. We have consistently been calling on the President to act with speed in instituting a commission of inquiry regarding the Public Investment Corporation (PIC). The Gupta scandal makes the exploitation of the PIC look like a Sunday picnic and the President should take immediate action so that the rot may be exposed. We now know why [...]

Admin2018-10-10T11:53:51+02:00October 10th, 2018|2018 Archive, Bantu Holomisa, Corruption and clean governance, Economy, Home, Media statements: UDM|Comments Off

Workers Day 2018

Media release by Mr Nqabayomzi Kwankwa, MP and UDM Deputy President On Labour Day, 1 May 2018, we all dwell on the plight of the working South African and the United Democratic Movement (UDM) unequivocally supports our workforce. South Africa’s painful history, with the exploitation of black South Africans, has left a scar on the psyche of our workforce and the poor. Today the formerly oppressed, comprising the biggest section of our workforce, as [...]

Admin2018-05-01T12:33:53+02:00April 30th, 2018|2018 Archive, Economy, Home, Labour, Media statements: UDM, Nqabayomzi Kwankwa|Comments Off

#EWC #LandDebate #UdmMthathaDialogue… don’t sit out! Take ownership of the debate; whether you live in a palace, house, flat, rondawel or a shack. We all deserve equality and economic freedom

Speaking Notes for Mr B Holomisa, MP and UDM President at a Public Community Meeting on the Expropriation of Land without Compensation: a National Assembly Resolution • Chairperson • Traditional, religious and community leaders • Leaders of the UDM and our public representatives • Ladies and gentlemen 1. Welcome Thank you for accepting my invitation to this meeting. Today we will consider an issue of national importance i.e. the debate around the expropriation of [...]

Admin2018-04-25T17:31:51+02:00April 25th, 2018|#NationalSummit, 2018 Archive, Agriculture, Forestry and Fisheries, Bantu Holomisa, Economy, Home, Land, Speeches|Comments Off

Changes to labour legislations must go back to #Nedlac for broader consultation

The United Democratic Movement (UDM) makes an urgent call on government to refer the proposed changes to the Labour Relations Act and the Basic Conditions of Employment Act, as well as the introduction of the National Minimum Wages Bill, back to the National Economic Development and Labour Council (Nedlac). These proposed changes are tantamount to rolling back progress made thus far in terms of the rights of the working class. From the thunderous outcry [...]

Admin2018-04-24T20:00:16+02:00April 24th, 2018|2018 Archive, Economy, Home, Human rights, Labour, Media statements: UDM, Nqabayomzi Kwankwa|Comments Off

#RememberingMandela, Bantu Holomisa’s keynote address on the the Fourth anniversary since Madiba’s passing

NMF's 4th anniversary of the passing of Madiba (Houghton) • Chairperson and Chief Executive Officer of the Nelson Mandela Foundation, • Mrs Graça Machel and Members of the Mandela Family, • Honoured Guests, • Ladies and Gentlemen. 1. Meeting Nelson Mandela When Madiba passed away, four years ago, a great sense of loss filled the Nation and a resounding note of sadness reverberated across the Globe. Today we remember his departure, reflect [...]

Admin2017-12-05T19:39:11+02:00December 5th, 2017|#NationalSummit, 2017 Archive, Bantu Holomisa, Chapter Nine Institutions, Coalition Government, Economy, Environment, Home, Justice, SONA, Speeches, Zumagate|Comments Off

#MTBSP2017 Mini-budget: Minister Gigaba is reaping what he sowed

Mr Nqabayomzi Kwankwa, MP Finance Minister Malusi Gigaba’s maiden Medium-Term Budget Policy speech was unimpressive. In fact, it seemed a mere rehash of his predecessors’ old proposals. He was so non-committal, that there is very little hope that we will soon see agencies rate South Africa higher than ‘junk status’. The reaction of the Rand, to his speech, might be a sign of worse things to come. The United Democratic Movement (UDM) notes [...]

Admin2017-10-25T21:43:11+02:00October 25th, 2017|2017 Archive, Corruption and clean governance, Economy, Home, Media statements: UDM|Comments Off

UDM reacts on South Africa exiting recession with 2.5% of GDP Growth

STATEMENT ISSUED BY MR NQABAYOMZI KWANKWA – UDM DEPUTY PRESIDENT AND CHIEF WHIP The United Democratic Movement (UDM) welcomes the good news of South Africa’s exit from the recession. The poorest of the poor need a better performing economy to take them out of poverty, unemployment and inequality. We hope, corruption which compounds these triple challenges, will also be defeated and buried with urgency, so that this improved economic performance benefits the people; not the [...]

Admin2017-09-05T14:13:18+02:00September 5th, 2017|2017 Archive, Archives, Economy, Home, Issues, Media statements: UDM|Comments Off