Another economist says SA is on the brink

[RonSwanson]

Debt level is not really a good indicator of success. Since incurring debt can be useful as a way to invest.

Agreed if it is strategic, yes. In Eskom's case it is a result of an organisation that ceased to be a going concern many years ago already, and technically should not still exist in its current form, especially when they are running expensive OCGTs on a daily basis. It's akin to buying monthly groceries on a credit card.

Most of the other SOEs are in a similar situation, it's just not as visible because the impact is different. And all government departments and services are failing in the same way, That's why we have private security, private prosecution, private schools, private electricity provision, private water provision, private healthcare, private/tolled roads, and private postal service. Soon to be private armies as well, just watch this space.

 

[jbroo]

Thanks Claude.

De Ballsac has spoken.

 

[Johand]

Yes our economy is not doing well. But I am getting fed up with the doom prophets - they are hurting the economy as well. Yes government has problems and it has a massive negative impact. But there are millions of South Africans working hard and making a difference.

If the doom prophets have been right we wouldn't be alive and kicking.

I am not saying things are not bad. There are severe problems! But the doom prophets wants attention. If things are so bad why are they still here?

 

[werfie]

This may be a stupid question, but what does "collapse" mean, in real terms, for the man on the street?

 

[GhostSixFour]

This may be a stupid question, but what does "collapse" mean, in real terms, for the man on the street?

Even fewer jobs - likely = more crime, riots and chaos.
Financial collapse - so even if you keep your job, credit will likely get more expensive due to increasing intrest rates.
Inflation - partly with the costs from having a currency collapse, and partly from government printing more money to service debts. So your day to day gets more expensive.

So, same as now, just more and worse. Every year. Until something changes.

 

[backstreetboy]

This may be a stupid question, but what does "collapse" mean, in real terms, for the man on the street?

 

[yebocan]

The only graph that matters to me. From two months ago so it's a lot worse by now:

Debt level is not really a good indicator of success. Since incurring debt can be useful as a way to invest.

so essentially 2016 -2017 was the period that no real maintenance was performed, and plants were driven with no regard...to keep the lights on'?

 

[OhYeah84]

Tomorrow's news: The sun will rise on Wednesday - Another Meteorologist

 

[Itsa Trap]

View attachment 1430345

If you put a wig on Zuma he looks like antie Ramaphosa, but what the antie thinks of her hubby is up to anyone to decipher.

A Winnie wig tbh.

 

[GrootVoet]

Decolonization is nicely on track.

 

[grok]

What this thread need is one more graph showing an upward trend



Now we've got them all together..

 

[Johand]

What this thread need is one more graph showing an upward trend

View attachment 1430655

Now we've got them all together..

Another neo-Malthusian!

Bad news for you -- your chart cannot be extrapolated. Birth rate is declining rapidly across all race groups in South Africa...

 

[Zophos]

What this thread need is one more graph showing an upward trend

View attachment 1430655

Now we've got them all together..

 

[GrootVoet]

So lets look at this from the other side, name things that's a positive for South Africa?

Personally I can't think of anything that will stop the decline of our society & economy in the long term.

 

[AstroTurf]

Don't worry. Ramapoes and the cANCer rodents will borrow some more money that we'll have to keep paying back for generations to come. cANCer knows best isn't it? So many good stories to tell.

King Charles will pay us back for all the past and future damage England's "prosperity" did to us and we will use that money to fix this

 

[etienne_marais]

This may be a stupid question, but what does "collapse" mean, in real terms, for the man on the street?

I suspect final non-operation of parastatals will be a major factor

 

[etienne_marais]

King Charles will pay us back for all the past and future damage England's "prosperity" did to us and we will use that money to fix this

They will rather see us in total anarchy before they do anything of the kind, especially if it entails a final solution to the Boer Problem.

 

[AstroTurf]

They will rather see us in total anarchy before they do anything of the kind, especially if it entails a final solution to the Boer Problem.

Eish what on earth was all that about?

 

[Mekon]

King Charles will pay us back for all the past and future damage England's "prosperity" did to us and we will use that money to fix this

Sure the rodent cANCer will

Natrual born thieves do the right thing? The cANCer fukkups will let the country burn to the ground before they do the right thing.