Subscribe to the bi-annual report
  • This field is for validation purposes and should be left unchanged.
Assessing and promoting civil and minority rights in South Africa.

[Source: Huffington Post by Dawie Roodt.]

The state’s debt levels are at record highs. And, based on existing plans as per the medium-term budget policy statement, the state will continue to spend more.

I was called hysterical and irresponsible after I stated that people should take their money “out” of the country. It has always been my view that a properly diversified portfolio should include a significant exposure abroad. However, recent developments and worsening prospects for the country only stressed the need to create a nest egg outside of the country.

The single biggest participant in all economies is the state. In the case of South Africa (SA), state spending equals a third of gross domestic product (GDP) which excludes other forms of the “state” such as municipalities, the provinces and state-owned enterprises (SOEs). The state also employs more than 1-million civil servants at a significant expense.

Continue reading here.

South Africa at a Glance
56 500 000 (mid 2017 estimate)
4.5% y/y in April 2018 (CPI) & +4.4 y/y in April 2018 (PPI)
294.84 in USD BIllion (December 2017)
More information: Click here!