Move your money

Finweek English Edition - - Letters - DEREK SUMP­TION

IN 2004, 19 824 PEO­PLE were mur­dered in South Africa. Since the Iraq war be­gan in 2003, a to­tal of 3 333 sol­diers have died. Clearly, lawabid­ing cit­i­zens are at war in their own coun­tries and their gov­ern­ments have ab­so­lutely no in­ten­tion of pro­tect­ing them.

Af­ter all, in SA the chief of po­lice is a mate of a no­to­ri­ous crim­i­nal and sees noth­ing wrong with that. The roads have be­come com­pletely lawless with driv­ers now driv­ing on the wrong side of the road, ig­nor­ing red traf­fic lights, jump­ing stop streets, etc. It’s time for law-abid­ing cit­i­zens to vote with their feet by mov­ing their money out of this coun­try. If we look five years down the road, post-2010, can any­one ac­tu­ally see an im­proved sit­u­a­tion, ie crime un­der con­trol, con­stant power sup­ply, well-run hos­pi­tals, ef­fi­cient ed­u­ca­tion, flow­ing traf­fic, pro­duc­tive work­ers, ac­count­able politi­cians?

Per­son­ally I can’t, and I doubt for­eign in­vestors can ei­ther, hence the lack of fixed in­vest­ment in this coun­try. As the coun­try con­tin­ues its slip­pery slide to­wards Zim­babwe, the re­turns de­liv­ered by in­vest­ment mar­kets will fol­low suit and the cit­i­zens of the coun­try will be­come pro­gres­sively poorer. So it’s time to start mov­ing what­ever money you can, out of the coun­try.

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