Foreigners are pulling their money out of South Africa, JSE warns
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2004: S.Africa: 50,000 School Leavers expected to Fake Matric Certificates
Blacks falsify their Matric results! Why Black school leavers are expected to try to falsify their matric certificates.
[I think I've posted this before, but it's important enough for a repost. Jan]
The Johannesburg Stock Exchange has raised concerns about the capital outflows from South Africa, which has steadily increased over the last few years.
In a written submission to parliament on Treasury’s new tax bills, the JSE said South Africa’s macro environment has deteriorated over the past five years. All three global rating agencies lowered their ratings of South Africa’s sovereign credit standing in 2020.
As a result, South Africa has either exited key global indices or become severely diluted, it said.
“The effect of this negative macro environment has been significant net outflows in trading by foreigners in South African bonds and equities.
“It is our view that limiting the re-use of collateral will lead to a significant decline in liquidity in the South African capital markets, the diminished attractiveness of South Africa as an investment destination and further capital outflows.”
These concerns were echoed by JSE chief executive Leila Fourie who said that the rate of capital leaving the country is the one thing that keeps her awake at night.
Fourie told BusinessDay that South Africa needs to do more to make an investment case for the country,
“I sleep very well normally, but if something were to steal my sleep from me, it would be foreign flows,” she said.
“I am concerned about the disinvestment from SA, and I think as a country we need to do more to put out a positive narrative and to start to create a coalition of the willing between the public and private sector to try and crowd in more financial support and more inbound investment.”
Video: The Greatest Terrorist attack on South Africa: SAA Flight 295: The Helderberg 1987
I wrote about The destruction of this Boeing 747 in my book Government by Deception. I made a multi-part video about it. I am fully aware of the junk stories people claim about it. I stand firmly by my original analysis.
