Irvin Jim barking up the wrong tree

General Motors are withdrawing operations from our country because of economical reasons. Politics affect economics and this is substantiated in our country’s recent financial downgrade to junk status.

Numsa’s Irvin Jim, pictured, has accused the American giant of expedience, implying that its shareholders stand to rack up a fortune by selling shares.

Jim’s lack of perspicacity is apparent since GM has been in SA for many years and has made decent profits in that time.

Undoubtedly, the manufacturer does not forecast a cost effective business going forward.

They are also closing plants in India and other countries to

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make their business more profitable.

Jim’s lack of understanding of commercial economics is bewildering in the light of the position he holds in Numsa.

The union should take a look at the disastrous consequences that President Jacob Zuma and the ANC government have caused to our country, rather than put the blame on multinational consortiums that have been in the country for so long, and have contributed to the employment of thousands of workers. We publish letters that come with full name, address and telephone number even if you want to use a pseudonym. letters@ citizen.co.za, fax 010-492-5386 or PO Box 43069 Industria 2042

Nathan Cheiman,