Chinese ambassador spells out the blunt truths about investment in South Africa

[Gordon_R]

Based on that graph, South Africa is a total embarrassment of a country.

Pretty close to the bottom on some indexes, but at least our inflation rate is stable. Link may be paywalled: https://www.bloomberg.com/news/arti...-miserable-economy-has-seven-figure-inflation

The Bloomberg Misery Index is calculated as the sum of a country’s inflation and unemployment rates.

Venezuela and a handful of others in the “most miserable” camp are in a lonely battle fighting high inflation alongside lofty jobless rates.

Joining Venezuela in the most-distressed crowd are Argentina, South Africa, Turkey, Greece and Ukraine -- each of which retained the same rank as last year, showing intense economic stress and scant progress in taming price growth and getting people back to work.

 

[ForceFate]

None of those are political world figures. He said nothing different to what was said in the article. You remain obsessed with settling personal scores. Did you even bother reading the article before tasting blood.

Article says: That’s not an original observation but it’s rare, probably unique, to hear it so publicly stated by a foreign diplomat.

My response: He's repeating what experts have been saying in the past few months.

It's not the first time a foreign government has criticised the country for its lethargic tackling of serious issues.

South Africa disappointed after Western powers' criticise policy in memo to Ramaphosa

JOHANNESBURG (Reuters) – South Africa expressed disappointment on Sunday after the United States and other Western powers wrote to President Cyril Ramaphosa urging him to

www.euronews.com

So it's basically most of our trading partners.

 

[ForceFate]

Seriously? So your personal vendetta from some other thread means we should read your post and link so that you can settle some personal score? Are you 5 yrs old? And this somehow makes your response less bizarre? Or in some way acceptable normal behaviour?

Don't be a tit.

Goodness gracious me. Do you know what it was about? What personal score? Personal? To an online stranger?

 

[Moto Guzzi]

Pretty close to the bottom on some indexes, but at least our inflation rate is stable. Link may be paywalled: https://www.bloomberg.com/news/arti...-miserable-economy-has-seven-figure-inflation

South Africa was never ever ahead of China. China is an age old nation and survived just well over history through many ways. SA could have had bright spots compared, but again don't throw a party too quickly, I think its pretty simple to see the difference and why. The west is quick to call out success forgetting about "TIME".

 

[Milano]

My response: He's repeating what experts have been saying in the past few months.

It's not the first time a foreign government has criticised the country for its lethargic tackling of serious issues.

South Africa disappointed after Western powers' criticise policy in memo to Ramaphosa

JOHANNESBURG (Reuters) – South Africa expressed disappointment on Sunday after the United States and other Western powers wrote to President Cyril Ramaphosa urging him to

www.euronews.com

So it's basically most of our trading partners.

Neither the article nor the OP said it was the first time. And it still doesn't explain the bizarre link to local business people. This fits your MO perfectly.

 

[Milano]

Goodness gracious me. Do you know what it was about? What personal score? Personal? To an online stranger?

That's the point. Hard to imagine what could be so important that it needed to span multiple threads.

 

[ForceFate]

Neither the article nor the OP said it was the first time. And it still doesn't explain the bizarre link to local business people. This fits your MO perfectly.

Ok.

 

[NarrowBandFtw]

he manages to convey tough messages to Pretoria, wrapped in layers of praise

what a complete waste of energy that would be, it's not as if the typical ANC cadre would understand the first thing about a backhanded insult or any form of nuance for that matter, they hear the positive words and they go party with Johnny Blue

 

[Tokolotshe]

Neither the article nor the OP said it was the first time. And it still doesn't explain the bizarre link to local business people. This fits your MO perfectly.

Will it count if I point out what he said (months back) tallies what our third force said? The latter was easy to discount as being capitalist views and of no consequence. But ...

You simply can't make up the drivel that thrives locally.

How we undermine South Africa by saying one plus one equals two.

 

[Milano]

Will it count if I point out what he said (months back) tallies what our third force said? The latter was easy to discount as being capitalist views and of no consequence. But ...

You simply can't make up the drivel that thrives locally.

How we undermine South Africa by saying one plus one equals two.

It is yet another example of a perpetual and deliberate obfuscation campaign which once followed to its end defies sequence, reason or logic.

 

[rambo919]

Can someone tell me what's going on now? I just see people fighting and half of it seems like gibberish.....

 

[ForceFate]

Can someone tell me what's going on now? I just see people fighting and half of it seems like gibberish.....

Proxy wars.

 

[Okty]

Per-capita: GDP, coal exports, electricity production, banking sector, etc.

Edit: Remember that the Chinese economy has been growing around 6-10% per annum, so it has doubled every 6-10 years, and is now 5-10 times larger than it was 20 years ago. South Africa's economy grew less than 2% pa during the Zuma years...

Thanks

That is actually depressing, even mexico is above us.

 

[ShaunSA]

Can someone tell me what's going on now? I just see people fighting and half of it seems like gibberish.....

So a typical MyBB thread

 

[Ockie]

Per-capita: GDP, coal exports, electricity production, banking sector, etc.

Edit: Remember that the Chinese economy has been growing around 6-10% per annum, so it has doubled every 6-10 years, and is now 5-10 times larger than it was 20 years ago. South Africa's economy grew less than 2% pa during the Zuma years...

F@k .... check out Mexico!

 

[Mystic Twilight]

Not really, the overall shape of the SA curve is similar to the others. China has just been killing it.

Not that we shouldn't strive to do much better of course.

Not if you consider mexico, mid 1991 its a tie and then they start to pull off with a few bumps in between. Must be the drugs the mexican drug lords been shipping to the USA.

 

[Okty]

F@k .... check out Mexico!

I know, thought they were below us.

Interisting read:

11 unbelievable facts about Mexico's economy

Despite Mexico having the 15th largest GDP in the world, about half of all Mexican citizens live in poverty.

markets.businessinsider.com

 

[Alan]

well duh Ambassador 15 - 20 years ago there was still money to be used for infrastructure.... now there is only enough money to steal and that is also running out.

Interesting that despite blowing all those billions on weapons there was still money for infrastructure.....

 

[Milano]

Can someone tell me what's going on now? I just see people fighting and half of it seems like gibberish.....

What is with the sad face reaction to #34?

 

[Jings]

What makes it so hard to believe? The communists entrenched China in the dark ages and only really in the 80's started to recover and it's a MUCH larger area to improve.

This month China celebrates 70 years of communist rule. Did the communists pull themselves out of the "dark ages"?