🇿🇦🚢 Just in time to go through South Africa's ports that the ANC government has run into a nightmarish state of chaos and disfunction.
🔸The container backlog at our 3 major ports stood at 100 000 at the beginning of December.
🔸The congestion crisis at South Africa’s state-run ports has resulted in cargo ships having to wait 215+ hours at Port Nqura and 32 hours to enter Port Elizabeth port. Meanwhile, the wait to enter the Durban port stood at 227+ hours at the end of Nov.
🔸According to the state-owned enterprise in charge of South Africa's ports, Transnet, this severe shipping backlog will only be cleared by February or March 2024.
🔸The situation has become so dire that the CEO of Transnet described it as "Rome is burning"
🔸“The average South African [doesn't] realise what a complete and utter catastrophe Transnet is. It is way worse than Eskom (state-run power monopoly)"
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619