G20 – South Africa takes over the Presidency!

By Tshepo Magagane

Yes, focus on Transition Finance – which prioritises “local ownership” of assets…
…but dont wait for some messiah…
…SA has the deepest capital pools on the African continent…
…which do zilch for development…
…as all intermediaries just clip fees to live “first world lives” [3-7% charges while ETFs come at a cost of 0.2% – and they add absolute zilch] while the owners of those assets benefit very little from them re: development!

Focus on that first!!

PS: problem with South Africa is lack of vision and long-term planning – all around – public and private sector…
…see e-tolls, have you recently driven on the roads that were supposed to be covered by e-tolls…
…even zuma had it right ie “these are not roads in random countries”….
…they are falling apart whether you are from the airport or Sandton (country’s financial center)…
…everyone knew that the Gauteng provincial government was unable to look after provincial roads or even roads in cities but somehow expected them to look after such critical arterial / tributary roads that link the country and the entire continent…

…come on now…