Projected Capital Outflow from South Africa due to COVID-19 & Economic collapse…


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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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