Man look at China .......... it is almost as bad. Even Korea looks better than that.
and the biggie.................. what the hell is going on with South Africa?
Man look at China .......... it is almost as bad. Even Korea looks better than that.
and the biggie.................. what the hell is going on with South Africa?
Hey Hash. Don't use the word often but the economy here is totally fucked. The corruption over the last 8 years under President Zuma has left it crippled and the coffers empty. We are still trying to get rid of the politicians that are corrupt. Just today they announced that 40 hadn't given in their financial reports. What are they hiding. Under Zuma I can't recall the exact amount but it was millions being stolen every hour. Tenders that had been paid but for no goods and no work. VAT has been raised by 1c from 14c to 15c. Petrol goes up tonight and that means everything goes up. Think increase is 7% tonight. Not a little jump. Electricity has been going up by 20% per year for the last 5 years. Why?. The coal they were buying was Gupta related and being charged over the normal rate by 200%. Backhanders are everyday here and it has crippled the economy. maybe I will do a post. Just let you guys know what is going on. It is like a movie but you are in it. Just so unbelievable.
Sorry to hear the situation. I will admit that I havn't been really up to date on the SA's current economic scene but by the picture you paint, it seem pretty bad.
It would be interesting see the people's reaction to crypto there. Crypto might just be the thing needed to the tell the government there that you guys aren't at their mercy.
Well done boss..
Thanks