Where is SA going ?

maumau said:
Q.Where is SA going?

A.To the dogs.
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zerocool2009 said:
Nicely summed up !
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besides voting, what can we do about it? (serious question)

can't we force a vote of no confidence or a referendum or something? sorry I'm clueless, I'm genuinely asking as I think everyone is getting gatvol and all one hears is the problems and not solutions. As the electorate, what are our options?
 
I don't think you can stop South Africa moving to the north as Gary pointed out.

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yeah not a great outlook.

Soon as I finish up studies I will look abroad.
 
zerocool2009 said:
Ok ... so the JSE dropped today by 2.3% because of the revised outlooks.

So if a downgrade happens, can I expect 10% drop then in the JSE ?

See where I am going .... worse things to come ! Was today only a sign ...
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Its not only the JSE that took a hammering yesterday, most boards had shocks.

Also look at where the JSE was 10 years ago, and look at where it is now.

It is near all time highs, so no, I do not see you are going, where are you going?
 
Meh if it is based on economic outlook it no more true than most emerging market countries. Too bad the chicken run doesn't result in cheaper property
 
Although I agree that SA is not (by a long shot) on the right path, it's still a pretty nice place to live - better than many others anyway. Hopefully we will get a new president soonish, but eventually the ruling party is going to have to take on the unions and reign them in.
 
donbandito said:
besides voting, what can we do about it? (serious question)

can't we force a vote of no confidence or a referendum or something? sorry I'm clueless, I'm genuinely asking as I think everyone is getting gatvol and all one hears is the problems and not solutions. As the electorate, what are our options?
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Because the Sheeple will always vote ANC, there is nothing that anyone else can do.
 
HavocXphere said:
Nothing got downrated. They changed the outlook from stable to negative. Big difference.
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We did get downgraded buy 1 rating agency and we also got a revised outlook from another.

Fitch downgraded us from BBB to BBB- (although this was expected because it is now in line with the other 2 rating agencies)

And S&P revised our outlook to negative.
 
Jehosefat said:
We did get downgraded buy 1 rating agency and we also got a revised outlook from another.

Fitch downgraded us from BBB to BBB- (although this was expected because it is now in line with the other 2 rating agencies)

And S&P revised our outlook to negative.
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The downgrade was announced after I posted that.
 
Garson007 said:
After the beating it took last weekend, and looking at the rest of the market - it was to be expected.
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The OP suggested SA is going down because the JSE is going down, but I don't see the JSE going down so I'm still waiting to hear what the point is.
 
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