Capital flowing out of South Africa's equity and bond markets

[Hanno Labuschagne]

Capital flowing out of South Africa's equity and bond markets

New data from DFM Global shows that there has been a huge outflow of capital from South Africa’s equity and bond markets.

DFM Global shared research on the cumulative net foreign purchases and sales of JSE equities and South African bonds.

[Daily Investor]

 

[marine1]

Dont blame anyone taking heir money out, Rand will go to 20/25 eventually

 

[Cranjus McBasketball]

What a surprising turn of events

 

[mastercylinder]

What is the best way to have your money flee south africa...?

Asking for a friend.

 

[3WA]

Dont blame anyone taking heir money out, Rand will go to 20/25 eventually

Only 25? I'd be delighted at that.

If you're staying in South Africa, you have to have a plan for 50 to the dollar. Not saying it will happen, but the probability is high enough that you have to have a plan for it.

 

[2023]

What is the best way to have your money flee south africa...?

Asking for a friend.

Depends on how much and where

 

[2023]

Only 25? I'd be delighted at that.

If you're staying in South Africa, you have to have a plan for 50 to the dollar. Not saying it will happen, but the probability is high enough that you have to have a plan for it.

Time to leave SA?

 

[3WA]

Time to leave SA?

Well, either that or live as a strandloper on the west coast eating fish and brewing beer out of fynbos.


Speaking of which, can anyone recommend a good pocketbook on edible fynbos?

 

[hj007]

Live local, invest global.

 

[chrisc]

What is the best way to have your money flee south africa...?

Asking for a friend.

Kruger Rands
Second is diamonds

 

[rvZA]

Shame... poor South Africa.

 

[Supervan II]

What is the best way to have your money flee south africa...?

Asking for a friend.

Relatives overseas?
1. Dump all funds in your current/savings account;
2.. Open bank account in selected country;
3. Buy plane ticket (and take maximum allowance in traveller cheques);
4. Swipe card for every single expense that relative would normally incur, eg school fees, groceries, booze, car maintenance, entertainment, etc.
5. Relative reimburses all your payments into above-mentioned account;
6. Return home with very depleted bank account

... says a friend ...

 

[backstreetboy]

Time to leave SA?

Will you donate me the funds to go?

 

[Petec]

Dont blame anyone taking heir money out, Rand will go to 20/25 eventually

18.36 currently. We are getting there!

 

[Petec]

Hugs my Wise and UK Bank accounts.

 

[rvZA]

Dont blame anyone taking heir money out, Rand will go to 20/25 eventually

More likely like Zimbabwe - R200-R300 to the Dollar. But, since SA is worse off than Zimbabwe, it would be more like R600-R800 to the Dollar.

 

[rvZA]

Hugs my Wise and UK Bank accounts.

Only one problem for all of us holding bank accounts abroad, whether we live in SA or abroad. If the ANC pulls funny stunts and get sanctioned we may end up on the blacklist and no South African national may hold these accounts. Like Zimbabweans, Venezuelans, Russians and more. All accounts be closed. The only permanent solution is to start working towards new citizenship abroad.

 

[Stephen]

Ah the hard on thread for the kerels. Been a while. MyBB looking for the hits

 

[BeerIsNotGood...]

Ah the hard on thread for the kerels. Been a while. MyBB looking for the hits

Truth hurts doesn't it comrade....

 

[Gazg]

More and more are getting out of this **** hole.