Almost 30 years of not maintaining and increasing infrastructure whilst capturing as much Rands as possible, how long will south Africa survive?... Divide the gdp by the number of persons employed and you will see that SA has an investment cost per job of R620k whilst India; China; US and UK are between R350k to R350k. The inefficiency, policy tax burden and sheer lack of out put makes SA 40% more expensive to invest in...
Let me educate u on us blacks. Once we reach old age, only grandchildren and children matter. No one else. What makes u think they'll care about a country? He's rich already
As a Expat from SA, now living in the UK, I reflect on my old businesses in SA..Building Contracting & as a Financial advisor. I remember how Clem Sunter repeatedly warned the ANC about the High / Low road scenario. The ANC chose the Socialist/Communist model. I saw the writing on the Wall 21 years ago & voted with my feet. Hopefully the SA public will have learnt by now that the Socialist/Communist model always fails !!!. Let's hope that Russia & China are severely weakened by recent Geo-Politics events & exit SA.
I'm shocked by the state of the UK at this time. The shift to ever larger government, centralised control over economy, money printing out of thin air, loss of civil liberty, woke agenda etc, all whilst they effectively bankrupt. Not encouraging to invest in the place, resembling fascist socialists. How do you see things?
@@dlwilkinson Not a chance. The clown wef puppet in now is the same person who caused the economic problem in the first place. He printed half trillion out of thin air in 2020, locked people down, destroyed businesses....and he was not elected to his current position by a single voter. Democracy in uk does not exist.
Why invest in SA? I cant find a good enough reason. Although I dont want to leave my beloved land and her beautiful diverse people I cant justify running my business locally any longer. The costs are escalating and the margins are spent on staff...I cant find an argument to keep my factory here.
I've been considering going all in on Indian dividend aristocrats as a retirement plan. My thinking is that India has had a very high GDP growth rate over the past few decades (+6%), it has lots of room to grow still, it's going to eat China's lunch now that the world is turning off China. It's also a giant economy which bodes well for stability. Interested to hear your guys' thoughts.
Essentially based on your optimism for South Africa as a whole. A local investor would have to assume that 10 years from now the business/economic/political environment is more stable than it is now. That or, that the coalition parties will be able to work together to build a pro-growth country
The difference is risk. When you put money offshore, the problem is return ON capital. Keeping it in SA is return OF capital. I know which risk I'd rather face.
We need a free market system, not Capitalism. If the country or company is not economically feasible, it must be allowed to go bankrupt. Dont bail them out, no banking of last resort.
until a government does what its meant to...and that is any government....safety of all its citizen's, good infrustructure, 1st world education for its countries needs for growth and zero tolerance of any corruption.. and believe and trust in G.d...then there is and always will be a positive future......
@@johnsmit7203 to God practical is not an obstacle , history is full of the evidence for that , did you know that when the city of Tyre was at the peak of it's power the Prophet of God prophesied that the city would be cast into the sea , they laughed it off as the ranting of a drunk , a few years later Nebuchadnezzar flattened the city leaving only the island fortress that he couldn't reach due to Tyre's strong navy it seemed even less probable that the city would end up in the sea , but then a few years later came a young boy called Alexander and when the people of Tyre mocked his army standing on the coast from the safety of their island fortress little did the mockers know that the words of the Lord spoken by the prophet was going to come true within a few days , Alexander ordered his army to throw the rubble of the city into the sea and build a land bridge to the island he then destroyed them utterly and that city was never rebuilt another city was built further up the coast that shares the name but it was never the powerful force the original city was The Lord will not be mocked and through our prophet He promised us , die Vierkleur sal weer wapper , and unless you are very old you will see this prophesy come true
Almost 30 years of not maintaining and increasing infrastructure whilst capturing as much Rands as possible, how long will south Africa survive?...
Divide the gdp by the number of persons employed and you will see that SA has an investment cost per job of R620k whilst India; China; US and UK are between R350k to R350k. The inefficiency, policy tax burden and sheer lack of out put makes SA 40% more expensive to invest in...
tribal mentality and 1st world dont mix , the rulers have not progressed past the hunter gatherer stage, this is why africa is where it is
Expecting people to make a quantum leap forward in thinking after 1994 was too much to ask
Ramaphosa seems to be VERY content with this.
Let me educate u on us blacks. Once we reach old age, only grandchildren and children matter. No one else. What makes u think they'll care about a country? He's rich already
just that photo of the railway lines missing answers all your questions of where SA is at present.........
The people who "pay the bills" have endured enough and they may not be able to win an official vote, but they can and are voting with their wallets.
As a Expat from SA, now living in the UK, I reflect on my old businesses in SA..Building Contracting & as a Financial advisor. I remember how Clem Sunter repeatedly warned the ANC about the High / Low road scenario. The ANC chose the Socialist/Communist model. I saw the writing on the Wall 21 years ago & voted with my feet. Hopefully the SA public will have learnt by now that the Socialist/Communist model always fails !!!. Let's hope that Russia & China are severely weakened by recent Geo-Politics events & exit SA.
I'm shocked by the state of the UK at this time. The shift to ever larger government, centralised control over economy, money printing out of thin air, loss of civil liberty, woke agenda etc, all whilst they effectively bankrupt. Not encouraging to invest in the place, resembling fascist socialists. How do you see things?
@@dlwilkinson Not a chance. The clown wef puppet in now is the same person who caused the economic problem in the first place. He printed half trillion out of thin air in 2020, locked people down, destroyed businesses....and he was not elected to his current position by a single voter. Democracy in uk does not exist.
Why invest in SA? I cant find a good enough reason. Although I dont want to leave my beloved land and her beautiful diverse people I cant justify running my business locally any longer. The costs are escalating and the margins are spent on staff...I cant find an argument to keep my factory here.
ViVA! from the gutters and slums!
Of course, Magnus is quite the expert when it comes to capital outflows... not that there's anything wrong with that. 😉
I've been considering going all in on Indian dividend aristocrats as a retirement plan. My thinking is that India has had a very high GDP growth rate over the past few decades (+6%), it has lots of room to grow still, it's going to eat China's lunch now that the world is turning off China. It's also a giant economy which bodes well for stability.
Interested to hear your guys' thoughts.
I have no idea and no money to follow you, but I think you are looking in the right direction.
A great country for a holiday!
And your shocked...??? Its not lost...its stolen...
Good video thanks,
Is this JSC not the ones who decides which Judges are appointed too?
JSE ..
That s very good its must be 10 times more
Where do you sit on the off-shore versus on-shore debate? Leave your thoughts down below...
Essentially based on your optimism for South Africa as a whole. A local investor would have to assume that 10 years from now the business/economic/political environment is more stable than it is now. That or, that the coalition parties will be able to work together to build a pro-growth country
The difference is risk. When you put money offshore, the problem is return ON capital. Keeping it in SA is return OF capital. I know which risk I'd rather face.
Off shore without a doubt.
Offshore is the way to go...even though the markets are taking a beating now...
I've been looking at going all in on Indian dividend aristocrats as a retirement plan.
Although capital has "left" the international markets, the NASDAQ is up 8% since last quarter 2022. Says a lot.
"lost"? Or siphoned it out in the name of "fees for services rendered" and feathered his partners nests😳
Magnus is going to win the challenge 🤔
We need a free market system, not Capitalism. If the country or company is not economically feasible, it must be allowed to go bankrupt. Dont bail them out, no banking of last resort.
Banana Republic
until a government does what its meant to...and that is any government....safety of all its citizen's, good infrustructure, 1st world education for its countries needs for growth and zero tolerance of any corruption.. and believe and trust in G.d...then there is and always will be a positive future......
Magnus - the haters of the reality will continue to hate “ Swim upstream. Go the other way. Ignore the conventional wisdom.”
The old guy has played his part in the demise of SA. Sies
I agree with your statement. Now we only need to prove that he understood what was being done, in his name, given his lack of a formal education.
I'm leaving this country
Offshore for sure
Be smart…Diversify ….. Buy my business in Australia. I’m reaching retirement.
Cowardly?
Weird take.
In my view its unfair to attribute all this on the President - what about COVID-19 - surely you don't have to be a rocket-scientist to see that
So do we want Zuma back or Racists back?
why would we want something back , think forward , die Vierkleur sal weer wapper
What a stupid comment
So those 2 options are the only ones available to us, in your opinion?
@@travelsouthafrica5048 and you have only 1 suggestion and, if i may say so, not a very practical one.
@@johnsmit7203 to God practical is not an obstacle , history is full of the evidence for that , did you know that when the city of Tyre was at the peak of it's power the Prophet of God prophesied that the city would be cast into the sea , they laughed it off as the ranting of a drunk , a few years later Nebuchadnezzar flattened the city leaving only the island fortress that he couldn't reach due to Tyre's strong navy
it seemed even less probable that the city would end up in the sea , but then a few years later came a young boy called Alexander and when the people of Tyre mocked his army standing on the coast from the safety of their island fortress
little did the mockers know that the words of the Lord spoken by the prophet was going to come true within a few days , Alexander ordered his army to throw the rubble of the city into the sea and build a land bridge to the island he then destroyed them utterly and that city was never rebuilt
another city was built further up the coast that shares the name but it was never the powerful force the original city was
The Lord will not be mocked and through our prophet He promised us , die Vierkleur sal weer wapper , and unless you are very old you will see this prophesy come true
Viva anc Viva Amaaaaaandla
And every one thought poser was the hot shot bussnissman, he got his money on a plate is a scoundrel
all went up his big nose