Director at SA Shares
Contributor's Links: SA Shares
My expertise is founded in the economic and political analysis of the African Continent. I am proud to have contributed to some of the biggest financial platforms in the world including. Entrepreneur.com - an American magazine and ...more

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JSE Crashes To Same Level As In 2015 Due To Coronavirus Panic
4 years ago

Hi Ed.

South Africa has some serious social and economic issues which I believe will even push the JSE price down even further. ( Hold on before you buy THIS dip )

To name just 3 huge issues: Expropriation without compensation of any one's property, ( being debated in parliament as we speak ) - PROPERTY RIGHTS are under attack, in short.

Eskom ( South Africa's National Electricity provider ) cant provide enough electricity for the country with daily electricity blackouts. This has caused monumental damage to the South African economy as we are officially in a recession again. Foreign direct investment has significantly decreased in the last 4 years because of unstable or enough electricity supply.

.....and lastly prescribed assets for private and government pension funds to fund bankrupt for state-owned enterprises.

It is a circus at the moment in Africa's 2nd biggest economy.

You will see a bigger dip to buy soon..

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