We’re in this together, so we must all make it work
The national economy will not be pushed out of the morass it is in if the business sector and citizens stand about waiting on the government
Offshore investors sold a net R40.9bn of SA equities for the six months to end-June 2019, whereas they bought a net R13.7bn during the equivalent period in 2018. The exodus of foreign capital started as a trickle in 2016 and has become an unequivocal deluge.
When it comes to the reasons why foreign capital inflows into SA have all but dried up in recent years, everyone has a theory. Most, of course, centre on the numerous social, political and economic challenges the country has faced over the past decade or more, not least of which are a severe state capture hangover, little to no national growth, an unsure political situation, heated debate about policy direction, the global credit rating of the country being the subject of constant scrutiny and speculation, and the well-documented historical financial mismanagement of state-owned enterprises and, most significantly, our national electricity provider...
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