S.African economy: BAD COVID Year … Banking stocks take biggest hit… maybe ever…


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I used to work in banking quite often in my life, and I am quite pissed off at how I was treated in the final years of my career. I therefore was very pleased to see that this year, due to the stupid COVID lockdown, that banking stocks in SA had dropped by 40%. It is unprecedented. It is possible that they’ve not experienced a hit like this in several decades. Its beautiful. I feel nothing for them!!! SINK!

And other shops and stocks have taken huge hits too.

The store chain Truworths took a profit hit of 28%.


Naspers, the biggest single stock in SA, and linked to China has had a nasty year. And Trump’s strike on things like Tik Tok, has worsened matters.


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