The global financial crisis in other first world countries, is more like the good old days in the old SA. I have noticed of late how new immigrants to NZ are only too taken back at how easy things here are, this is despite the global credit crisis. I am speaking for New Zealand as that’s where I am currently living. But new immigrants now find it very hard to set themselves up financially, the costs of moving, flights etc have gotten so expensive to those earning Rands, eventually these costs are going to be out of reach for many. Many Saffas arrive here having to still sort out debt back home.
Yes the country is in a so called “recession”, just like the States, Europe, Aus and many other countries. But the difference here is the government is doing something. IE, creating jobs by boosting government spending and creating big projects, new roads, upgrading the public transport systems etc etc… Interest rates here have come down to record lows. Quiet the opposite can be said for SA.
Bottom line is the basic costs of living here are still 100times better than SA, here we have free excellent schools, free excellent quality health care, very low interest rates, and a very low unemployment rate, under 4%. Yet people in SA seem to think you better off not leaving. I don’t understand the logic.
There is now ways in hell I would return to SA if I lost my job here, Would rather be jobless in NZ than jobless and discriminated against in good old SA, besides the odds of me finding work again in NZ are far higher than finding work in SA with AA, BEE and all that other cr@p.