Breitbart: South Africa slid into an official recession Tuesday, as second-quarter growth domestic product (GDP) figures showed a contraction of 0.7% — the second straight quarter of decline. First-quarter figures were revised down, from -2.2% to -2.6%.
The main culprit, according to South Africa’s Business Day, was a sharp contraction in the agricultural sector, which has been under political assault this year as the ruling African National Congress has pledged “expropriation without compensation.”
The Business Day described the “shocking drop in agriculture,” which single-handedly tipped the economy into recession:
Most analysts had expected a moderate increase in GDP.
…
But the most shocking number in the statistics is the precipitous 29.2% decline in agricultural production over the second quarter.
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Statistics SA said: “The decrease was mainly because of a drop in the production of field crops and horticultural products”.
The agriculture “detracted a significant 0.8% from the headline outcome”, Investec said.
The recession is not quite “shocking” to opponents of the South African government’s land reform policy, which is ostensibly aimed at redressing racial inequalities in land ownership, but which critics have called a threat to property rights in general.
Though the policy only began in earnest last month, following a televised address by Cyril Ramaphosa, the newly-installed president had already declared that the government would pursue “expropriation without compensation” in February, during his “State of the Nation” address. more here
I think they even import the tires they burn.
LOL ^^^
Get out.
Get out, now.
It (the political situation) is NOT going to improve.
Socialists are not like RINOs – all wishy-washy and pusillanimous – they will KILL you.
Sometimes the options run out. There are NO alternatives.
Either you kill them, or they will, assuredly, kill you.
izlamo delenda est …
Salt the earth and leave
I watched a whole hour long documentary by Lauren Southern about SA.
Interesting and informative, however, right at then end she hit on something with no explanation.
A $300,000 figure was stated as the amount needed for white people to leave SA. WTF?
You don’t say.
Do not worry because the genius Bantu will just live in a communist paradise with food everywhere after genociding the Boers.
This is easy to fix. The government can just issue more money, then everyone will be rich like in Zimbabwe.
Unexpectedly. Always unexpectedly.
Do I plant seeds if I know I won’t be alive to harvest them?
There is no rational reason to invest in a Socialist country. Eventually you’ll get expropriated or killed. If the SA gov’t backs down from outright confiscation like it appears they are doing, the confiscation will still occur, just in smaller increments. The criminal element will be allowed to run free and kill white farmers, and the gov’t will make endless small steps that will eventually lead to farm confiscation. Death by 1,000 cuts as opposed to one big beheading.
“How do you eat an elephant?”
“One bite at a time.”
izlamo delenda est …
old_oaks; I read a week ago that white people are not being allowed to take any money out of the country.
It’s fight or die.