Projected Capital Outflow from South Africa due to COVID-19 & Economic collapse…
(000228.79-:E-000157.73:N-:R-SU:C-30:V)
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[Here is a short summary from an article of how much money is leaving SA. I assure you that $10 billion leaving South Africa is a HUGE SUM for us. It is now the same as over R180 billion. This is enormous. But it also signals the failing of Globalism! Good bye globalism! Jan]
South Africa, which lost its last remaining investment-grade credit rating in late March, will fall out of the index. Originally capital outflows were estimated to be around $11 billion, but Thulare said these are now projected to be range between $2 billion and $14 billion, with implications for the rand exchange rate.
Source: https://www.fin24.com/Economy/does-the-oil-price-crash-signal-relief-for-sa-consumers-20200421
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6 Pics: When South Africa was White and VIBRANT! - The Hanging building!
This building still exists in Johannesburg. It was already built and looking great in the mid-1980s when I came to work in Johannesburg. Someone back then told me that the floors of this building are hanging. I did not quite know what to think of it, but its design is strange and when you look at the bottom, youll see the whole building is held up by a central column. (Just like those buildings of 911).
6 Pics: When South Africa was White and VIBRANT! - The Hanging building!
This building still exists in Johannesburg. It was already built and looking great in the mid-1980s when I came to work in Johannesburg. Someone back then told me that the floors of this building are hanging. I did not quite know what to think of it, but its design is strange and when you look at the bottom, youll see the whole building is held up by a central column. (Just like those buildings of 911).