Warning signs for South Africa: Red flags that signal a country’s pending financial collapse

[BusinessTech]

Warning signs for South Africa: Red flags that signal a country’s pending financial collapse

Rami Hajjar, portfolio manager at Allan Gray, says all too often, the root of a crisis lies in a country consistently spending beyond its means. He looks at the recent financial collapse in Lebanon, and what the warning signs are for South Africa.

 

[rvZA]

The signs were there 25 years ago. Those who took the appropriate actions back then to protect themselves are well off today. There are little time left for those who are late, unfortunately, they will not be able to protect everything now.

 

[RedViking]

Oh, so now we not comparing to Zim anymore?

 

[Lupus]

Oh, so now we not comparing to Zim anymore?

Well Zim collapsed 21 years ago and never ever recovered.

 

[RedViking]

Well Zim collapsed 21 years ago and never ever recovered.

I see. We hoping for recovery as well.

 

[KleinBoontjie]

Yet, they still manages to procure massive loans.