{"id":21241,"date":"2013-07-19T17:59:29","date_gmt":"2013-07-19T15:59:29","guid":{"rendered":"http:\/\/www.myza.co.za\/a-salutary-lesson-for-port-elizabeth-and-nelson-mandela-bay\/"},"modified":"2013-07-19T17:59:29","modified_gmt":"2013-07-19T15:59:29","slug":"a-salutary-lesson-for-port-elizabeth-and-nelson-mandela-bay","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/a-salutary-lesson-for-port-elizabeth-and-nelson-mandela-bay\/","title":{"rendered":"A salutary lesson for Port Elizabeth and Nelson Mandela Bay"},"content":{"rendered":"<p>\t\t\t<span class=\"wpsr_floatbts_anchor\"><\/span><\/p>\n<p>On Thursday, 17 July 2013, the US city of Detroit\u2019s emergency manager, Kevyn Orr, took the unprecedented decision to file for bankruptcy after a deal between the city\u2019s bondholders and its pension fund collapsed. Detroit labours under a staggering debt, estimated to be $18 billion and perhaps as much as $20 billion, and is struggling to provide even the most basic services. \u201cThis is the right thing to do,\u201d said Orr last night, as he explained what is by far America\u2019s largest municipal default.<\/p>\n<p>Take heart dear citizens of Nelson Mandela Bay \u2013 at least our \u2018problems\u2019 fade away into nothing when compared to Detroit\u2019s.<\/p>\n<p>But, like the biblical speck in one eye versus a log in the other, we still need to take heed and learn from the history of Detroit \u2013 America\u2019s Motor City.<\/p>\n<p>Long recognised as the historic heart of the American automotive industry, Detroit took on the nickname \u201cMotor City.\u201d The automotive industry provided the model for mass production that other industries later adopted.<\/p>\n<p>Nelson Mandela Bay is heavily reliant on the automotive industry represented by Volkswagen in Uitenhage, General Motors in <a title=\"Port Elizabeth\" class=\"aal\" target=\"\" href=\"http:\/\/www.mype.co.za\/cgi-bin\/search.cgi?keywords=Port+Elizabeth\">Port Elizabeth<\/a>, the Ford Motor plant in <a title=\"Port Elizabeth\" class=\"aal\" target=\"\" href=\"http:\/\/www.mype.co.za\/cgi-bin\/search.cgi?keywords=Port+Elizabeth\">Port Elizabeth<\/a> and the soon to be completed FAW plant in Coega, Port Elizabeth along with all the second tier suppliers in both towns. Those with long memories will remember the tough times that our towns went through when GM dis-invested and Ford left Port Elizabeth.<\/p>\n<p>Diversification from reliance on such a large sector for our local economy is paramount and we need our local government to cease with their squabbling, ignore their party political fighting and show the ratepayers that economic well being through jobs and innovation and NOT handouts is high on the agenda of those entrusted with our hard fought for money and lives.<\/p>\n<p>\n<strong>These businesses support <a target=\"_blank\" href=\"http:\/\/mype.co.za\/new\/2011\/07\/more-ad-choices-on-mype\/\">MyPE<\/a>:<\/strong><\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/mype.co.za\/new\/2011\/07\/more-ad-choices-on-mype\/\">MyPE<\/a> supports PE business:<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, 17 July 2013, the US city of Detroit\u2019s emergency manager, Kevyn Orr, took the unprecedented decision to file for bankruptcy after a deal between the city\u2019s bondholders and its pension fund collapsed. Detroit labours under a staggering debt, estimated to be $18 billion and perhaps as much as $20 billion, and is struggling [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[1289,5],"class_list":{"0":"post-21241","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-mype","8":"tag-port-elizabeth-2","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/21241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=21241"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/21241\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=21241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=21241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=21241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}