I wasn't aware that you were facing so many troubles in South Africa. It seems that many developing countries are brought into trouble mainly because of incompetent and corrupt governments...
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I'm not really surprised our news doesn't really get much exposure on the world stage lol. I agree plenty of developing nations limp along under wide spread corruption but we are the country with the largest disparity between the rich and the poor in the world, or so we claim.
I'm not going to lie, I am starting to fear the worst as the local economy continues to shrink. Our next elections are coming up soon so thats also going to be interesting to see what South Africans do, will we bother voting and how will we redistribute the votes there are over 300 parties competing for votes, its actually insane
That is a lot of political parties ;-).
You say that your economy is close to recession? How is it with inflation? I've heard that the Rand has lost a lot of value in respect to other countries, is that correct?
I would say we never left the recession personally we’ve just been stammering along, rating agencies like moodys have already declared the county as junk status and inflation while not as bad as other African countries is still pretty bad compared to where we once were! We pay double almost triple for a USD, EUR and GBP when compared to previous years and cost of living has increased!
Naturally for foreigners this makes for an attractive holiday destination since their currency goes so far! We are the top destination for travel in Africa at the moment!
But if we can’t keep the lights on, I don’t know how long we can rely on tourism!
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