International investors have had enough of South Africa and are taking large sums of their money out of the embattled country.reports that over R100 billion in South African shares and bonds have been sold by international investors since the start of 2023.
The trend also means that foreign investors that need to make asset allocations are taking their money elsewhere – possibly to more stable markets with a higher likelihood of some level of positive returns. Major retailers are some of the heaviest hits, with Shoprite, the country’s biggest retailer, reporting that it spends the equivalent of R3 million a day to survive the power cuts. Pick n Pay also loses millions to load shedding, with its ‘permanent new reality’ being an extra R60 million spent each month to keep diesel generators running.
According to an analysis conducted by the SARB, the economy has adjusted to some extent to stages 1 and 2 load-shedding, resulting in lost gross value added of approximately R1 million per working day. Such economic turmoil does not bode well for the country’s reputation abroad. On 9 March, the international ratings from S&P Global downgraded the country’s economic outlook from positive to stable – citing load shedding.
Although being added to the greylist is not expected to cause credit rating agencies to further downgrade South Africa, it does exacerbate already-existing problems, such as load shedding, economic recession, high unemployment rates, increasing civil unrest, delayed government policy implementation, and low business confidence.
Those that I have spoken to,want to flock to South Africa.
The puppet is doing what he is told. I believe good things coming to this country but not on the current trajectory. Something will shift it including the people's desire for better.
siza_mhayise 🤣🤣🤣🤣🤣 what a joke
AdvDali_Mpofu Pres. Zuma had the best opportunity to influence and put all this policy proposals he now talk about but did too little or nothing to implement this beautiful views. Instead he allowed people to loot resources of the state on his watch, the African child suffered.
Who would want to invest in a country led by money launderer?
We have a thief of a Leader
casspernyovest We were told Ramaphosa is the people's president. He was hosting investment summits over and over . This clown is turning RSA into Zimbabwe under our watch. Its sad to see.
I guess he will be so shocked to hear that.
AdvDali_Mpofu CyrilRamaphosa PresidencyZA catastrophic 5 yrs & counting..
AdvDali_Mpofu Didn't you guys say it was Zumas fault at some point?, kunjani maku nje.
casspernyovest Tough situation
all countries led by former Liberation Movement govts are failures,MPLA,FRELIMO,ZANUpf,SWAPO&ANC,dunderheads,incompetent looting on industrial scale.They Must Go
This is very worrying not only for SA. Countries like Zambia must up their game in terms of power production and start exporting power to SA which is the industrial hub in Southern Africa.. politicians have failed the country😑
casspernyovest Wasn’t it this clown’s prerogative to bring in investors Is it really still the guptas
Can't imagine a better FAILURE 😆😅🤣🤣🤣🤣
How big a savage must you be to loot, steal and break an entire country like this president’s gang of thugs.
The New Dawn 🥴🥴🥴🥴🥴🥴
VOTETHEMOUT2024
What happened to all those investment “commitments” CyrilRamaphosa ? It turns out the BEE billionaire isn’t as astute at business as everyone thought… Shem.
Very messy
Remember that this R100bn outflow (which is clearly cause for concern!) is LESS THAN 25% of Eskom 's debt!!!! How's THAT for perspective of the MYANC cock-up!
Good job ANC
Tragically true and bang goes the retirement funds of many South Africans who saved diligently!
The message is clear
ANC showing the World, South Africa doesn’t need the West.
No shit. The MYANC and EFFSouthAfrica are essentially criminal organizations. Why would you invest in a place that conducts themselves like clowns and steal everything and then cry about it like they are not solely responsible.
List those investors we want to see something.
If we had a government who was only 50 percent as corrupt as they all are, only half... this would be the most amazing country in Africa. But no. South African government official mantra: I WANT EVERYTHING IN MY POCKET.
Fortunately Investors is intelligent humans, they understand when lies are spread to fool the people of SA by Cyril and his corrupt ANC.I think they had enough for their investments to survive on blatant lies when they can see where SA is headed under these fools.
This is one reason why locals should own a majority stake in their economy.
Lol. I didnt realise until now, there was a phrase called, 'flooding-out'! Thanks to ANC, now l know.
Their agent failed to deliver
Investors coming in or exiting do not affect a ordinary South African .... Even when they come in, nothing changes in ordinary lives... -KhalzaKu THese are words above by khalzaku that r true ! The ordinary Black person is still struggling and facing life with crazy hurdles
errolbsk
It's not just investors alone. A lot of talented individuals are leaving the country with their families because of the failures of the state owners.
Investor funds coming in are stolen in any case. So, no more free lunch for the cadres.
Oh! What's Zuma done now? 😱
A no-brainer CyrilRamaphosa
This article is stupid because for every seller there is a buyer. So who is buying R100 billion of South African assets?
I mean like we Grey listed, and this means that the cost of doing business with South Africa is high, so I don't blame the investors for flooding out.
casspernyovest Why are you making it sound like it’s the worst thing that is happening to us😒 So be it
Bad sentence construction 'Investors flooding out South Africa'
Very happy to have divested from the country. Thanks Zuma and Nkandla for making it glaringly obvious even back then to get the hell out.
Without electricity is pointless to invest. Majority parts of the country on most days hv working electricity for 5hrs in an 8am - 5pm so wat the point of running that business.
Let them flood out please. They found us here, long after they flooded out we will still gonna be here.
Imagine our shock
Well with this corrupt clown and party literally falling over each other in their quest to steal as much as they can ….. is anyone surprised.
Join VickyMo74553996 online lectures to learn how to make minimum of a thousand dollar every day
Under new dawn🤣
Sembi.
Yerrr
ShahanR Sad inevitable reality. People have no idea that things can get so much worse
The answer is simple..government must untighten the bottlenecks surrounding small and medium enterprises..it must start investing on this fraternity and help jump start the chocking industry..we must stop relying on the so-called investors and become our own biggest investors.
Abavaye maan... Tsek! Every time media comes up with a lie... Ke bomang investors?
Talent goes where it will be rewarded. -Vusi Thembekwayo
Give me 20 Investors that left... I want to see so how flooding out looks like 🧐🤓🤓
Why don’t leave forever, it ain’t charity to invest here is it?
casspernyovest Zkyakhala!!
This is what happens when you elect mediocre leaders, I don’t why south why South Africans got it so wrong back to back, how they ended up electing zuma and this other fool is beyond me. Dear South Africans, you can do better! Really.
I am not supprice at all👉🤔🙄🙄
😂😂😂😂😂Greylisting, US reviewing their relations, US alerting its citizens of unrest, now this... BRICS doing the most DIRCO_ZA GovernmentZA 🤯
News that an ordinary blakie will never process…
ANC politicians don't care about the state of the economy because they will see to it that their salaries & perks are paid & SAfns will have to make do with whatever's left!!
Other Investors will come to invest in South Africa while they leave. All is not lost. South Africa,s problems will be resolved one day. The economy of South Africa is much stronger than a country like Greece. South African need not panic. Strong in resources, Tourism . Viva SA
Nna I am loss, are they dumbing the share or selling?
What exactly is an investor in South Africa
This is messy...
Who are they?
1 United States Dollar = 18,32 South African Rand. 1 Pound sterling = 22,11 South African Rand. 1 Euro = 19,49 South African Rand.
Can't blame them honestly.
Yes because you and ANC have screwed country properly..
Don't blame them!
Thuma mina, y'all clearly sent a 🤡
🤦♂️Obviously. You need to have your mind read if you want to move your money to SA.
But why South africa is such a lovely country. Full of crime no electricity very unsafe murder rate full of corruption and terrorism running rampant.. why would any investor flee
Hawu and then? What happened to abo Moody nabo Fitch nton-nton... 🤔
A ba tsamaye!
Thanx to the criminal ANC 😡😡😡
This is how is starts… 😔 how it ends is going to be worse than anyone can imagine.
Proudly brought to us by : The ANC ‼️‼️‼️‼️
Gee I wonder why?
Flooding out? Bathong BT! Where are they flooding to that isn’t flooded already?
Typical of SA…..can’t connect to read story 😂…..too late to save…..sad but true…
Thanks to our useless President
this is getting bad
And this all because of the criminal anc movement
lifasibiya_ How do foreign investors help the country?
Good. We don’t want “investors”
🙆🏽♂️
R100b = $5.45b That's how dumb we are
They are reducing the price of assets only to buy them again at a steal.
Can you give us a list of those investors & what they were investing on. We were here before them & we will remain here long after them 💅🏿
What took them so long …
Viva ANC! Cadres insulated from the lives of their voters and don't care about their voters except at election time. How far must the Rand and economy drop before the cadres will pick up the Rand? 🙏🙏🙏🙏🙏🇿🇦
No surprises
Greylisted, not decisive, buffalo horns, phalaphala, lies everytime he takes the mic, corruption at its highest, state capture 2.0, I will also run if I was an investor.
I thought they flooding in
Like Marge Thatcher said, eventually you run out of other people's money. The DA still has to learn that lesson too.
Cyril not worried, they will always be rich....
Really?
Ramaphosa gets boost to R1.2 trillion investment drive 🤣🤣🤣🤣 1yr later
Who are they exactly?
A lie
So the person responsible for infrastructure development Kgosientsho_R (noting that he achieved the opposite) is now minister of electricity. Oh, he also has the Albatross of failed Tshwane mayor around his neck and an expensive timepiece on his wrist.
New dawn 🙌🙌🙌🙌
I don't blame them, I was gonner pullout too if I was an investor.
Bwhaaaaaahaaaaaahaaaaahaaaaaaahaaaaaahaaaa
peterbroggs Obviously
Not shocking
what happened to he's a billionaire, investors have faith in him?
Cos the Rupert owned & controlled media are protecting and defending a criminal posing as a president😡😡he and the ANC must just fokof nje‼️‼️😡😡
But..but..but we were promised they will be flooding in. How can this be? NOT!
CyrilRamaphosa MYANC This is your legacy you bunch of losers. VoetsekANC2024
This is nonsense where we're these investors, since Ramaphosa became a President the country has been in decline ever since
Atleast investors can foresee shiīt coming.. Whereas South Africa are worse than Thomas, even when they see the shīt they are being fed, they take it in because of blind and dumb loyalty to the ruling party and fear of apartheid making a return should the anc lose.
Decolonization is working.
🤣🤣🤣🤣🤣I'm ready to bring my investments over
Can only assume ANC wants this so China/Russia can get foot in the door
How Bell Pottinger, P.R. Firm for Despots and Rogues, Met Its End in South Africa - The New York Times
Giving way for Communist China to take over.
You know what Russians did after investors walked out in Russia ? They had a strategy to keep the economy going. Do we have the tactics to stay afloat? We are led by people without idea n qualifications. That’s our problem that needs an urgent solution
Wonder why? Must be due to the most useless corrupt money sucking president we got in the world woth his even more useless corrupt money sucking parasites as a government VoetsekANC specially voetsekramaphosa the most useless corrupt spineless president in the world
Zuma must fall!! 'You'll regret' Mhlanganyelwa.....
Not to worry. The president has enough dollars for all of us in his couch.
Sellpffs are everywhere as a reccession looms
The SA media are masters at manipulating the psyche of their readers. The article talks about R100bn in bonds and shares being sold, but it does not say, who were so foolish to buy it from these foreign investors who are flooding out of SA? Did they dump it? No. They've sold it!
He's gonna say it's an opportunity just like with greylisting.
AthiGeleba come and defend your beloved
it’s clear and obvious that we’re DOOMED.
This is what happens when you let children in red berets run amok
Viva revolution well done anc! Well done. Im sure our new found alignment with Russia will save us 😂😂😂😂😂😂😂 fvking clowns
To quote the great Mr. Thiam, all international co’s first look at how local co’s are treated & at the local environment. If it’s bad no way in hell they invest… this is very telling.
They running away from grey listings, since money laundering was signed into law by the acting public protector
Let me guess... Cyril is shocked that investors are leaving?🤔
We just can’t win. Keep scoring own goals. Sad.
Is this guy a businessman 🤣🤣🤣 what a joke
Yes, because Zuma did this, Zuma did that. Zuma is a president for life... 🤪 We blame Zuma...
I thonk you missed the word 'of' between 'flood' and 'South'?
Good
Hi CyrilRamaphosa - did you see this one?
Open the gates to allow buying low and selling high
Thumamina
Nobody can run a business when you have no electricity...and when corruption is rife...
‘Flooding out OF’ South Africa.
Was it not said that this president is exactly what the investors need and want? 😭😂
StatsSA MbalulaFikile carteblanchetv MYANC Eskom_SA Eskom 🤔
Any country that’s grey listed is bound to lose investors.
Who in their right mind would invest in a country that is Imploding on all fronts ?¿ It's not rocket science.
Cyril has no clue like every other leader since 94,on how to run SA and allow us to thrive
PresidencyZA are you reading this? You fat +++k?
Very true news witth realistic opinion lots of firms are shuting down check around olifansfontein n nation wide
Lol that was the plan of the 'NEW DAWN 'from the first place. Some of don't care because the so called 'democracy 'benefits well known names and surnames in this country...🤣
Joh, can they take me with please
Wasn’t this man, CR supposed to do the opposite? WhitePrivilege ApartheidSA remnants helped buy MYANC via CR17!
Aaaaaaaaaaaaa!!!! Thumamina!!! Ndiyokusebenzela!!! Ubasebenzele mfo kaBuffalo!!!
Can they go
Is Zuma and the Guptas being blamed for this again?
Ramaphosa's beloved investors are ditching him? They never ran away during the 9 wasted years. 🤔
I wonder why?... o wait, i remember now... our government is generally corrupt and incompetent. I mean, Zondo and others have pointed this out several times...
Of course they would. There's no electricity, crime is rampant, infrastructure broken. Who must, in their right minds, invest in such a place?
Nobody invests in a failed state run by a criminal syndicate except for other criminals.
Hey what happened to moody and all other rating agencies?
The man has no class he lies and steal it is too much.
Why SA is not down graded🤔🤔🤔
This is a man that said government doesn't create jobs, private sector does. The pie of the private sector is shrinking, inference would mean unemployment will worsen
I would too, there's barely electricity here. On a very bad day you get 12 hours on , 12 hours off 😭, on top of that there are no private providers. One bad monopoly by a state owned power supply, sucks
Who tf would want to stay and invest in SA with the current situation
We were told he would attract a lot of investors given his background in business. The Media sold us a pipe dream with this fellow He is now busy promising KZN people jobs and electricity.
🇿🇼 Zimbabwe style
White people and Ramaphosa holding the country ransom. They love their impimpi too much
It's time for govt to support those who have interest in the South African market.
strivaops Aba tsamaye
They invested in removing JZ, can't they further invest in removing their incumbent?
Why now cause Zuma is no longer a president
New Dawn is realy happening, this man is bad for SA
Ramaphosa wenu
CyrilRamaphosa xeim is everything ok at home
Bye bye. Maybe laws would be adjusted to lure & favour local investors.
Investors coming in or exiting do not affect a ordinary South African .... Even when they come in, nothing changes in ordinary lives...
The ANC says they don’t need foreign investors
When we led by money launders, it was expected
The New Dawn
Thank you. They should pull out in numbers and announce it.
Of course! Corruption, trade unions, mafia groups and a broken legal system are to blame!
All a result of ANC policies and our coward of a president who prioritizes himself first, party 2nd, and country last.
Many of tried to warn....
because of Mr PhalaPhala
Njina, how so? Nina in the media were in the forefront of campaigning for Mr Insurrection, THEE savior, who was going to take us to the promised land. 🚮🚮🚮
😂😂😂
Flooding out, 😂😂😂
Who wouldn't..
Banyise Ramza, the media struggling to even point these issues around your pathetic leadership. Few years back this would have been put out there clear against the president at the time but today dololo
Businessman led country has investors flooding out 😏
New dawn
*flooding out of, you forgot our preposition.
knick5767 The New Dawn chasing investors away? Hope you understand
Why stay when you have a country where the president is such a coward that he can’t fire a failing police minister meanwhile everything impacting negatively to SA can be linked to crime? Even eskom not being able to supply electricity is because of crime. We have a coward Pres.
the very same people invest millions on his CR17 campaign. ramaphoria goes wrong.
Not gonna blame guptas? That lie dried up quite fast🤡🤣🤣🤣🤣🤣
They are done looting our state..
Ramaphosa- the great white hope.
Iiiyoooh
Cyril will rebrand this as “an opportunity to attract investment” - like his dumb greylisting comment.
Cyril Ramaphosa fooled us all .. ..
and yet the MYANC still think they are the answer. The only way to fix this country is to register to vote and vote the MYANC out of power voetsekanc2024
Businessman lol...
New Dawn?
They don't just flood out, this can only mean they have been having concerns but you were hiding this as you were busy defending and promoting the new dawn.
_AfricanSoil Those thieves must go exploit elsewhere
Good 👍🏽
What happened to Ramabillion?
1 usd : 100 -150 rand by 2030. Before 2024 elections it will be playing around 25-30 to the green buck. It's now unwise to invest in SA long term unless the BRICS currency is adopted by then when it comes out. Ramaphosa has been the worst President for SA. Fix inequality, Poverty
All state entities have been taken or are about to be taken, its just a pulling out and going to their beach house in the West its a stunt just for show, the spineless Native has successfully delivered.
How you gonna invest in loadshedding
Yet he goes around promising people jobs... Out of touch with reality....
PhalaPhalaFarmGate results PublicProtectorReport
This is all happening while ANC is taking resolutions from the west...
... Maar kanjani 🙊🙊🙊?
New Dawn and inclusive growth
I thought they said they would only pull out if the EFF took over governance. Are they no longer confident in their puppet? Have they realized that their capitalist policies will not solve Africa’s problems?
Business people I think now 5they understand that money is not everything. This man doesn't know anything about business he knows how he became a millionaire of which m not even sure if he is a millionaire looking at his behavior.
They are struggling to defend the man who's responsible for greylisting.
Ramaphosa 🧝♂️
They must voetsek!
Chesa investment conferences 😂
Well to be fair he did say our economy should reset with more equality in mind… This will make all of us equally poor 👌
Where they off too?
They've stolen enough to go build empires elsewhere under Ramaphosa
😁😁😁😁😁😁😁, ANC people of songs and giggling
Well, not shocking at all.
the next election is the big one, we cannot have another 5yrs of waste, Think hard and smart about who will lead this country out of the mess its in
Cyril Ramaphosa will say this is another opportunity for South Africans to 'look at themselves and rebuild'.