So I guess our old buddies sitin the cabinet and think “…Oh no! Investors have their eyes on South Africa – they say there’s lots of opportunity here!!!! AAARGHH!!! …Mhhhhh, what can we do to scare them away???”
Well, we know that our first and major tool is HIS LOWNESS, Jacob Zuma – especially with the Polokwane stint. 2nd move… the scorpions saga [now obviously these are just the major factors, we know there's a whole lot more].
Now we know that the State of the Nation Address and the Budget Speech didn’t do much to soothe foreign investors – so we’re watching the Rand plummet.
Now there’s a new one, for both local and foreign investors, the new property bill. Oh joy, this one will make me want to buy a place and rent it out, -the Bill will see the rights of legal property owners further eroded and may make it almost impossible to evict illegal squatters in South Africa – SUMMIT TV
Oh boy….
