By Mike Smith
8th of March 2016
Like rats from a burning, sinking ship, Millionaires from SA are leaving in droves . 950 Dollar millionaires left South Africa last year, up from 600 in 2014. “It said the exodus was similar to that of the very wealthy who fled Zimbabwe before it s economy collapsed.”
But the useless ANC regime is not worried. The government wants rich South Africans to pay tax on assets shifted abroad secretly. Colen Garrow, an economics analyst at Lefika Securities said that, instead of clamping down on these transgressions, the government should ask what policy mistakes it had made that caused the wealthy to flee.
“The top reasons for leaving included worries about their children's safety and future, crime - in particular rape and hijacking - the quality of the education system and broad-based black economic empowerment.”
“Leon Isaacson, Global Migration SA's managing director, said immigration lawyers had noticed a spike in people wanting to leave South Africa over the past few months who cited "political and economic uncertainty".
Now think about the knock on effect. All those domestic workers and gardeners out of work. Most of these millionaires were business people. They are closing their businesses down. More blacks out of work. If each of these 950 millionaires who left last year and the 600 who left the year before, employed on average just ten people, that would be about 15,000 people without work now. These are 15,000 less tax cows for the ANC to pay their debts to the international banks. 15,000 people that will have to be supported with grants by the rest of us paying taxes.
This is then 15,000 people with less money to spend on the remaining businesses. The economy suffers. The currency falls. More people emigrate. It is a downward spiral on its way to Zimbabwe junk status.
But the useless ANC regime is not worried. Their New (Old) Communist Minister of Finance Pravin Gordhand said, A ratings downgrade will not be the end of the world
|Burning down the factories that employ them|
As the people of South Africa are praying that Zuma should call off his goons in the Hawks just to prevent Gordhan from resigning and plummeting SA in an economic crisis of epic proportions, Protestors are burning down the last remaining factories that employed them and dashing their own hopes of finding employment by burning their universities down
|TUT students proudly filming their handiwork|
Stealing, killing, burning…All’s well in the New (improved) South Africa. Why is it that nobody can see the common denominator here?
|The man responsible for it all|