5/9/2023 0 Comments Zacc cafe blogNamibia has followed suit and a draft indigenous law, compelling white-owned companies to cede at least 25% of she is to the historically disadvantaged majority black population, is on the cards. It is debatable whether South Africa can and must make this shift. Techno-capitalism: this term refers to the next step beyond the industrial age and, with it, a decoupling of economic growth and the take-up of labour. Understandably so the World Bank predicts our economic growth outlook at 0.6% for this year on the back of “higher than anticipated policy uncertainty”. The BER Business Confidence Index, at 29, has plunged to its lowest levels since 2009. ![]() This, the SAIRR says, is a recipe for social and political chaos.ĭemand for offshore investments among South Africans is growing, understandably owing to lack of investor confidence, investment downgrades and the like.įAANG (Apple, Amazon, Netflix & Google) stocks have increased beyond the average to such an extent that there is talk of a dot.com Bubble. There a are more than 17 million South Africans dependent on social grants, compared to some 15.5 million South Africans with jobs last year. His views, however, reinforced my understanding that, despite the above, we enjoy a standard of living which is difficult to emulate elsewhere. It takes an outsider to reawaken one: in my case a son who visited and was astounded by conduct which would certainly tank any political career (outside of the third world?). the descent into junk of our currency and increasingly aggressive BEE policies, driven by political activity insensitive of mainstream financial opinion, inspired by the need to promise more.Īs a South African, one becomes inured to political impropriety, violence and accepting of the damage done to our currency by those desperate to resist flagging political fortune (“normalisation of deviance”). ![]()
0 Comments
Leave a Reply. |