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# Thread: Ramaphosa Secures \$10bn Investment Commitment from Saudi Arabia

1. Originally Posted by DreamKing
any benefits to south africans except anc?

ans ==> NO.
FDI, jobs, taxes amongst others?

You think they'll invest 10 billion to renovate Luthuli House? (and still the renovation would create jobs).

2. Originally Posted by f2wohf
If 0.1% is \$10 billion, it makes R130 000 billion stolen (or 130 trillion) which equates to 34 years with 100% of the GDP stolen.

Your math doesn't really make any sense either.

3. Originally Posted by NarrowBandFtw
Glass 0.1% full, if you think the investments gained equal anywhere close to half of what has been stolen you're more of a rose tinted glass guy then a glass half full guy.
Because the ANC have and continue to do stupid/illegal things is no reason to paint them all with the same brush. You can’t be pessimistic about everything that happens, the term for that is hopeless, and not much gets accomplished by hopeless people.

4. Originally Posted by Unhappy438
Your math doesn't really make any sense either.
Explain?

5. Originally Posted by f2wohf
Explain?
Well you explain to me how does 0.1% of 130 trillion equal 10 billion?

6. Good.

7. Originally Posted by Unhappy438
Well you explain to me how does 0.1% of 130 trillion equal 10 billion?
Because it's 10 trillion USD and R130 trillion.

I'll go slowly:

If 0.1% is USD10 billion, 100% is 100/0.1 = 1000 hence USD10 000 billion.

Convert to rands at an exchange rate of 13 and USD10 000 billion x 13 = R130 000 or R130 trillion.

8. Originally Posted by f2wohf
Because it's 10 trillion USD and R130 trillion.

I'll go slowly:

If 0.1% is USD10 billion, 100% is 100/0.1 = 1000 hence USD10 000 billion.

Convert to rands at an exchange rate of 13 and USD10 000 billion x 13 = R130 000 or R130 trillion.
Apologies i didn't see your rand sign.

9. Originally Posted by Purply
When did trillion become a billion?
I start again. I start to feel the results of the math 30% pass rate on the forumites.

NarrowBand said that USD10 billion is not even 0.1% of what was stolen.

If USD 10 billion = 0.1, then USD 10 000 billion (or 10 trillion) is 100% of what was stolen.

Now let's convert to ZAR (exchange rate of 13):

USD 10 000 billion (or 10 trillion) * 13 = R130 000 billion (or R130 billion).

10. Originally Posted by f2wohf
I start again. I start to feel the results of the math 30% pass rate on the forumites.

NarrowBand said that USD10 billion is not even 0.1% of what was stolen.

If USD 10 billion = 0.1, then USD 10 000 billion (or 10 trillion) is 100% of what was stolen.

Now let's convert to ZAR (exchange rate of 13):

USD 10 000 billion (or 10 trillion) * 13 = R130 000 billion (or R130 billion).
You beat that ninja edit?

11. Corrupt cadres rubbing their hands in glee.

Ramaphosa going to need a moerse groot martraas.

12. A pledge is not a deal.

If anything we should pray a deal is never realized, because the ANC will sell the country down the river to embezzle some money.

13. Some of the billions the Saudi king has squeezed out of political and familial rivals' "ill-gotten gains" recovered in Saudi anti-corruption drives are coming to ZA.
Bonus!
[edit ... updated ]

14. Originally Posted by f2wohf
FDI, jobs, taxes amongst others?

You think they'll invest 10 billion to renovate Luthuli House? (and still the renovation would create jobs).
sure, if you think that they spend R1 that will also have "benefit" to south africa.

nothing I can argue with.

15. Originally Posted by ponder
wahabi mosques, let's build them...
Yup.

Lots of "community centres" in the pipeline, like the Houghton one.

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