Connect with us

Hi, what are you looking for?

Viral

South Africa Defends Decision To Destroy Recovered Looted Goods

South Africa Defends Decision To Destroy Recovered Looted Goods


“It’s Basic Economics”: South Africa Defends Decision To Destroy Recovered Looted Goods

"It's Basic Economics": South Africa Defends Decision To Destroy Recovered Looted Goods

 

The South African government has defended its decision to destroy all the recovered looted goods saying that it is basic economics.

This follows massive backlash from South Africans on social media platforms. Most South Africans did not take well to the news that the government has called for all the recovered goods which had been looted to be destroyed.

They called on President Cyril Ramaphosa’s government to come up with a more equitable solution in handling the aftermath of the looting. Some suggested that the government should donate the recovered goods to orphanages and charities instead of destroying them. Others suggested that the recovered goods should be auctioned off and sold to the highest bidder instead of being destroyed.

See also  Form Two Girl Stabbed To Death In Fight Over Boyfriend

However, South Africa’s government dismissed all these suggestions saying that they would hurt the economy.

Advertisement. Scroll to continue reading.

Acting Minister in the Presidency Khumbudzo Ntshavheni said that destroying the looted goods which have been recovered is an issue of basic economics. She insisted that any other action apart from destroying the goods would distort the market and harm South Africa’s economy.

Ntshaveni went on to say that the looted goods which have been recovered are now comparable to counterfeit goods. Counterfeit goods are always destroyed when they are discovered by law enforcement officials.

Explaining the Presidency’s position on the matter, Ntshavheni said,

“Our people do not understand the things that affect the economy. The stolen goods are no different from counterfeit products and that is why we destroy them,” said Ntshavheni.

“If the goods are stolen, it means the manufacturers of those goods are not going to generate an income from them that enables them to pay employees and continue with their businesses.

“That money is also lost to the tax department because nobody is going to pay tax from auctioned or donated looted goods.

“When stolen goods are destroyed you are making sure the manufacturers can make replacement products and make them available in the market. The country benefits in terms of tax and companies continue to operate and pay salaries for their workers. That is basic economics,” she added.

"It's Basic Economics": South Africa Defends Decision To Destroy Recovered Looted Goods
Acting Minister in the Presidency Khumbudzo Ntshavheni: “It’s Basic Economics”: South Africa Defends Decision To Destroy Recovered Looted Goods

 

South Africa was rocked by protests which degenerated into violence and looting. The looting mainly occured in the provinces of KwaZulu-Natal and Gauteng.

The protests were sparked by the arrest of former president Jacob Zuma. The 79-year-old is serving a 15-month jail sentence handed to him by the Constitutional Court for contempt of court.

Advertisement. Scroll to continue reading.

At least 212 people are reported to have died while over 2 000 others have been arrested.

 


Articles You May Want To Read, 

 



Source link

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Viral

A Nigerian man living in Brazil is currently fighting for his life after he was stabbed by his wife. Emeka ... Read more

Entertainment News

Following reports that senator, Dino Melaye and actress, Iyabo Ojo will be getting married soon, the actress has in a ... Read more

Entertainment News

After denying that he got his wealthy with the aid of Prohet Chukwuemeka Ohanaemere also known as Odumeje aka Indaboski, ... Read more

Entertainment News

Popular Nigerian Cross dresser, Bobrisky won’t cease to seek attention of his fans with his controversial posts these days. Bobrisky ... Read more

Viral

A little cute baby was found by the roadside with a short note from the mother who abandoned her. According ... Read more

Entertainment News

A Nigerian man identified as Oluwa femi Bankole has taken to social media to claim that embattled actress, Funke Akindele ... Read more

Viral

A driver has reportedly abandoned a suspected coronavirus patient identified as Alex on his way from Cotonou to Nigeria, Abeokuta. ... Read more

Entertainment News

Pregnant Nollywood actress, Mercy Johnson has been called out by a Nigerian man based in the United States of America ... Read more

Viral

A  viral video has captured moments a native doctor in Arondizuogu, Imo state and some elders in the village were ... Read more

Viral

Finally Prophet Odumeje, aka the lion, has revealed the source of his money and power. Recall that the controversial prophet ... Read more

News

A bad experience and sad moment for both families of one Mr Samuel Yarling and His wife. It was reported ... Read more

Entertainment News

Famous ace Nollywood actor, Ernest Asuzu has been confirmed as a road side beggar after a prolonged battle with stroke. ... Read more

Entertainment News

A new video making the rounds on-line captures Veteran actor, Peter Odochie hugging actress Destiny Etiko tight from behind. The ... Read more

Entertainment News

Nollywood Actress,  Onyii Alex has revealed that her fellow colleague, Alex Ekubo is begging to date her, she disclosed this ... Read more

Viral

Popular Nigerian preacher, Prophet TB Joshua who trended on social media after prophesying that the novel coronavirus will vanish Friday, ... Read more

Entertainment News

Popular Nollywood star, Destiny Etiko who recently lost her father, has finally laid her father, Etiko John Anonde to rest ... Read more

Viral

A covid-19 patient who was also pregnant and expected to give birth to her baby dead has ended up giving ... Read more

News

Nigerian US-based rapper, Speed Darlington has publicly declared his great anger on BBNaija star, Tacha. The US-based artiste accused Tacha of being ... Read more

Entertainment News

Nollywood actress turned influencer and philanthropist, Tonto Dikeh, posted her throwback picture which prompted her to glorify God for her ... Read more

Copyright © 2021 SleekGist