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Go Back   Armchair General and HistoryNet >> The Best Forums in History > Current Events > Africa

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Africa Issues of modern Africa.

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  #31  
Old 26 Jun 17, 13:46
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Originally Posted by wolfhnd View Post
A lot of liberals thought Venezuela was going to recover a couple years ago. South Africa is just another example of the failure of collectivist mentality.
Totally different - SA is simply a problem of tribal and individual greed
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  #32  
Old 29 Jun 17, 22:20
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Originally Posted by MarkV View Post
Totally different - SA is simply a problem of tribal and individual greed
Or is it a case of history repeating itself?

https://www.youtube.com/watch?v=yIbgumSFUXU


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  #33  
Old 30 Jun 17, 07:55
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Originally Posted by MarkV View Post
Totally different - SA is simply a problem of tribal and individual greed
isn't Venezuela about greed? have greedy people/politicians/etc
the US has lobbyist that are greedy, and politicians that don't vote for what's financially good for the whole country--but what will be good financially for their constituents in their states/counties/etc....kind of like tribes
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  #34  
Old 07 Jul 17, 01:09
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Originally Posted by wolfhnd View Post
A lot of liberals thought Venezuela was going to recover a couple years ago. South Africa is just another example of the failure of collectivist mentality.
How are we any thing like venezuela? For one thing Zuma steps down after this term, second our economy is far morr diversified and third the issues here are not the same they facing. Nor is it nearly as bad. Truth is many here have not felt any change from last year to this year even though last year we had growth and this year we have a drop.
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  #35  
Old 07 Jul 17, 01:11
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Originally Posted by The Exorcist View Post
Or is it a case of history repeating itself?

https://www.youtube.com/watch?v=yIbgumSFUXU


Why did you post a vid of Aid to Africa when you talking about south africa. We not starving Ethiopians or cash straped DRC.
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  #36  
Old 08 Jul 17, 18:50
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Originally Posted by andrewza View Post
Why did you post a vid of Aid to Africa when you talking about south africa. We not starving Ethiopians or cash straped DRC.
Because SA does appear to be headed the same way, and the reason is that all of the post-Apartied Govts have been so horribly corrupt.
The OP vid tells the tale.

EDIT-
something more topical, and current;
(yeah, CATO stuff is a bit dry and it goes long, but it is on point)
https://www.youtube.com/watch?v=etpWnbqBc5I
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Last edited by The Exorcist; 08 Jul 17 at 18:57..
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  #37  
Old 17 Jul 17, 15:14
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Originally Posted by andrewza View Post
How are we any thing like venezuela? For one thing Zuma steps down after this term, second our economy is far morr diversified and third the issues here are not the same they facing. Nor is it nearly as bad. Truth is many here have not felt any change from last year to this year even though last year we had growth and this year we have a drop.
The South Africa debt to GDP ratio is horrendous and growing. Looks like you might be close to maxing out the national credit card.

https://tradingeconomics.com/south-a...nt-debt-to-gdp
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  #38  
Old 18 Jul 17, 05:04
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Quote:
Originally Posted by Escape2Victory View Post
The South Africa debt to GDP ratio is horrendous and growing. Looks like you might be close to maxing out the national credit card.

https://tradingeconomics.com/south-a...nt-debt-to-gdp
Says there *only* 51.7% of GDP

Which compares to 89.2% in the Euro area, 89.3% in the UK and 106.1% in the USA.
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  #39  
Old 20 Jul 17, 00:59
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Originally Posted by Gooner View Post
Says there *only* 51.7% of GDP

Which compares to 89.2% in the Euro area, 89.3% in the UK and 106.1% in the USA.
Yes but we are no model in that respect. Our debt interest is bigger than the NHS wage bill. If Corbyn had won and executed his spending plans, we would have started to look like Venezuela.

Also the developed economies are more robust and can carry debt with less risk.
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  #40  
Old 03 Aug 17, 21:07
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South African Airways 'is on verge of bankruptcy'

3 August 2017


Quote:
South African Airways (SAA) has run out of money and is teetering on the edge of bankruptcy, according to information given to the country's parliament.

It is thought the national carrier may soon be unable to pay salaries.

The cash-flow statement shown to MPs and seen by the BBC paints a picture of an airline haemorrhaging cash.

It says that matters may improve by October, but only if it gets a 792m-rand (£45m) bailout from the government.

Even then, the situation is expected to deteriorate again by December with a forecast cash outflow in that month of £38m.

The airline has lost money in each of the past seven years. Acting chief executive Musa Zwane, who has led the company for the last 18 months, has been trying to put together a recovery plan since January.
"Essentially insolvent"

Last month, the Treasury paid out £125m to settle a loan from Standard Chartered Bank‚ which the bank had refused to extend.
[.....]
http://www.bbc.com/news/business-40813582
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  #41  
Old 04 Aug 17, 11:58
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hope fully they don't get bailed out, again. it should of been privatized years ago.
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  #42  
Old 04 Aug 17, 12:02
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Quote:
Originally Posted by Escape2Victory View Post
The South Africa debt to GDP ratio is horrendous and growing. Looks like you might be close to maxing out the national credit card.

https://tradingeconomics.com/south-a...nt-debt-to-gdp
pretty on par with peer nastions. hint every one is doing badly these days even the EU and USA, but we look at places like Brazil where they all so not doing good
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  #43  
Old 04 Aug 17, 12:28
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Originally Posted by andrewza View Post
pretty on par with peer nastions. hint every one is doing badly these days even the EU and USA, but we look at places like Brazil where they all so not doing good
SA was on a par with peers like Egypt but recently started to look worse on this ratio anyway.

There is a general trend in capitalist countries to up the debt, that is true.
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  #44  
Old 08 Sep 17, 10:37
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Under white rule South Africa was the Jewel of Africa for many years, then their government caved in to international pressure and meekly handed over power to Mandela's ANC party, and things quickly went downhill after that.

WIKI- "Nearly 50 murders are committed each day in South Africa...
It is estimated that 500,000 women are raped in South Africa every year...
South Africa has an estimated 6.3 million people living with HIV – more than any other country in the world....
Middle-class South Africans seek security in gated communities"
http://en.wikipedia.org/wiki/South_Africa
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  #45  
Old 13 Sep 17, 08:17
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Originally Posted by Poor Old Spike View Post
Under white rule South Africa was the Jewel of Africa for many years, then their government caved in to international pressure and meekly handed over power to Mandela's ANC party, and things quickly went downhill after that.

WIKI- "Nearly 50 murders are committed each day in South Africa...
It is estimated that 500,000 women are raped in South Africa every year...
South Africa has an estimated 6.3 million people living with HIV – more than any other country in the world....
Middle-class South Africans seek security in gated communities"
http://en.wikipedia.org/wiki/South_Africa


Apartheid government was actually not has financial stable as people think. First the home lands system meant that vast sways of unemployed people where according to South Africa not South African. The massive increase in unemployment can be linked to these homelands officially rejoining south africa.


While SA murder rate is high it not as crazy as people think. In fact that 50 murders a day claim is if I am not mistaken came from a source that lumped attempted murder and murder together.


It is a estimate. Then again my grand mother and mother where both raped during apartheid. Nothing heaped to the rapesist. But yes yes secual violence against high and a issue that the government try to deal with.


Highest number of people with aids known. In countries like Nigeria it such a taboo that people don't get checked. South Africa more or less knows how many people have aids. (though a high number is not the highest per capita). Thing is the number of people with aids is not expected for another 20 to 30 years. Simply put the fact that medication for Aids is provided for free means that those with Aids live full lives and die in there retirement age. Multi drug restiant TB is a bigger threat than Aids.


Middle class people in SA have all ways lived shuttled from the poor. Most are parioned but fact is the biggest victims of crime are poor people.


In short SA is far to complicated for a Wikipedia article that any Tom dick or Harry can update.
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