The more important issue that needs to be addressed is that these millionnaires may live in South Africa, but most of their wealth is invested offshore and will not create jobs in South Africa....and it is only going to get worse....
@@RiteshBalu-w1x Exactly, I agree with you 100%. Only a fool will invest in a country where the government will force you to give up 50% of your business to a politically (ANC) connected person who is stupid, arrogant, entitled, lazy and greedy....who will add ZERO value but will want half the business to waste on cars, clothes and Louis Vuitton in order to APPEAR wealthy and successful.... FCK em!
I don’t blame them. It’ll only get worse because the more votes Julius gets the more will leave & those who don’t leave will watch their wealth drop year after year.
Overall, insecurity imposes significant economic costs on South Africa, hindering its potential for growth and development. Addressing these security challenges is crucial for creating a stable and prosperous economic environment.
Considering my "safe" neighborhood here in Durban has been raped and pillaged by paras the last week, I'd say yeah. This country is in massive trouble. There is no such thing as a "safe neighborhood " in this bloody country
IMO this is a blessing in disguise. SA has the knowhow and capabilities to grow its own wealth by trading more with the countries within Africa, the Caribbean and other diaspora countries. It time to end the dependency on Europeans and other countries which only end up taking more than SA is willing to loose. The gravy train is over for them. Time to build our own country. The lost of 11000 millionaires is a headliner designed to frighten SA into making rash decisions. SA can replace these 11000 lost millionaires quickly if it focuses on building its economy and driving down corruption not only in government but also in the white colour business environments.
Lol😂…giving thief’s money isn’t creating millionaires, it’s corruption. If he created millionaires where are they now? So they can’t be millionaires with real companies without government handouts. That’s not something to brag about😂
@@amandamdambamdamba if ungaboni, leave me. In the past 5 years no S&P report and grading, currency stable, no negative reports about millionaires leaving. White millionaires have been leaving SA since donkey years. This is only a tactic to make us vote for what they want. You have your opinion let me be
@@atrouvasolutshilombo3360 ignorant to think we WANT those jobs. White people need to stop this narrative like you're saving us. We already made deals with BRICS
It funny how we care about US people I'm praying Zuma and Ramaphosa can come together hov beef and creat black millionaires because this is all about whites in a black majority country
its not US people..its people who have a net worth of at least $1 million = R20 million. We lost (at least) R220,000,000 which could have created jobs for poor people. this is because of the government that south africans choose
@@stanleynkosikamthembu168It translates to more Taxes more taxes create more jobs when the financial budget is being discussed with more funds more spending can be used instead of cutting teacher nurses etc. So yes and if they wanna expand business and open more stores mines or w.e builders get contracts employees get jobs. So less wealthy less tax less tax less budget less budget more late salaries or no salary paymemts and in the end job cuts
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The more important issue that needs to be addressed is that these millionnaires may live in South Africa, but most of their wealth is invested offshore and will not create jobs in South Africa....and it is only going to get worse....
First corruption needs to be rooted out, can’t blame them to invest offshore. The cadres will eat it here in SA
@@RiteshBalu-w1x Exactly, I agree with you 100%. Only a fool will invest in a country where the government will force you to give up 50% of your business to a politically (ANC) connected person who is stupid, arrogant, entitled, lazy and greedy....who will add ZERO value but will want half the business to waste on cars, clothes and Louis Vuitton in order to APPEAR wealthy and successful....
FCK em!
I don’t blame them. It’ll only get worse because the more votes Julius gets the more will leave & those who don’t leave will watch their wealth drop year after year.
Overall, insecurity imposes significant economic costs on South Africa, hindering its potential for growth and development. Addressing these security challenges is crucial for creating a stable and prosperous economic environment.
Considering my "safe" neighborhood here in Durban has been raped and pillaged by paras the last week, I'd say yeah. This country is in massive trouble. There is no such thing as a "safe neighborhood " in this bloody country
IMO this is a blessing in disguise. SA has the knowhow and capabilities to grow its own wealth by trading more with the countries within Africa, the Caribbean and other diaspora countries. It time to end the dependency on Europeans and other countries which only end up taking more than SA is willing to loose. The gravy train is over for them. Time to build our own country. The lost of 11000 millionaires is a headliner designed to frighten SA into making rash decisions. SA can replace these 11000 lost millionaires quickly if it focuses on building its economy and driving down corruption not only in government but also in the white colour business environments.
Why didn't Zimbabwe just do that as it seems like such a genius idea.
People like these dollar milionares are the business owners traders and employers without them ... jobs drop .... government does not create jobs !
It's confirmed!! South African's National IQ test will be written on 29 May.
Zuma created more Millionaires than Ramaphosa
Through state capture and mass corruption, nepotism yes
Through BEE corruption, when he got fired they struggled
Lol😂…giving thief’s money isn’t creating millionaires, it’s corruption. If he created millionaires where are they now? So they can’t be millionaires with real companies without government handouts. That’s not something to brag about😂
The truth is, those millionaires are still in the country, but they've lost their millions and we know some that makes the 11000. Corruption money!
And who is taking the money now if it's not with the people.
Not just Millionares but US Dollar Millionaires.
If middle class is about R4 million, I was wrong, I am not there shame
The man looks like Messi ,iyooh
Let them go
Along with 100 000 of thousands of jobs .. ish
You were quite all along, suddenly now that Zuma is contesting we are getting all these stats. 😮
UZuma uduma ekhanda lakho ebusuku nemini. Ungenaphi Zuma manje😮😮
@@amandamdambamdamba if ungaboni, leave me. In the past 5 years no S&P report and grading, currency stable, no negative reports about millionaires leaving. White millionaires have been leaving SA since donkey years. This is only a tactic to make us vote for what they want. You have your opinion let me be
Recent report says more are coming now to SA in recent times
So that's why they uded a 10 year perios@@WNdaba
It’s sad….
Who cares if millionaires are leaving. We dont want them
Enjoy your load shedding, unemployment and your Ramaphosa R350😂…you bums
Ignorant they are the ppl who create jobs that u fighting for😅
@@atrouvasolutshilombo3360 ignorant to think we WANT those jobs. White people need to stop this narrative like you're saving us. We already made deals with BRICS
How is cape town the safest city , when all reports point to is a the most dangerous place in Afrika, these settlers are driving propaganda
😂😂😂😂
Fake news
😂 how so ???
It funny how we care about US people
I'm praying Zuma and Ramaphosa can come together hov beef and creat black millionaires because this is all about whites in a black majority country
its not US people..its people who have a net worth of at least $1 million = R20 million. We lost (at least) R220,000,000 which could have created jobs for poor people. this is because of the government that south africans choose
@@lm_b5080 Does having more millionaires translates into "more jobs for the poor"?
@@stanleynkosikamthembu168It translates to more Taxes more taxes create more jobs when the financial budget is being discussed with more funds more spending can be used instead of cutting teacher nurses etc. So yes and if they wanna expand business and open more stores mines or w.e builders get contracts employees get jobs. So less wealthy less tax less tax less budget less budget more late salaries or no salary paymemts and in the end job cuts
You care about jobs not own them Hy wake up
@@lm_b5080 wake up just think big