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n Management Today - 2010 : a special year, but courage will be required

Volume 28, Issue 1
  • ISSN : 1027-4324
USD

 

Abstract

The blue moon on the last day of 2009 was a symbolic ending to a tough year. A 'blue moon' is an 'extra' full moon in years that have 13 full moons as opposed to the usual twelve.


The saying "once in a blue moon" refers to a rare event. And 2009 was rare in economic terms. Specifically, South Africa experienced negative economic growth, something which last happened in 1992 or many blue moons ago.
We also stopped creating jobs. The final tally is not yet known, but it is estimated that we lost nearly a million jobs last year. This may be a small proportion of the estimated 50 million job losses worldwide, but we are a country than can hardly afford a higher unemployment rate.

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/content/mantod/28/1/EJC71095
2010-02-01
2016-12-11

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