SA is booming : As I said before ( to the non - believers) - if you snooze you loose ... had dinner with a friend last night.
He has a work force of 5 000 people.
His construction company if fully booked for the year and he could pick and choose what contracts he wanted !
I was at the panelbeaters yesterday. 3 Day job on my car - the earliest they can fit me is 20 Feb ! That is after visiting 5 outlets.
Want a service at Toyota - 2 Feb earliest. They have just doubled their service area and a new agent just opened. just not enough.
Wanted to buy myself a brand new toy. Cost is $100k ... " sorry mineer 5 months waiting list. In the previous 10 years we sold 250 of these cars. We now have a waiting list of 45 !
The house prices has definately "calmed down" so it is a buyers mark right now - but who knows for how long ?
It is my 2nd visit to SA in 2 months and I am absolutely amazed about the economy and how a lot of people has benefitted out of it.
The strong rand of course has a lot of negativities - I personally loose a lot of money every month - hey but I also have a bond to repay - the lowest rate ever in the history of the country and guess what - rumour has it the rate will drop soon another 1 percent !
Not many countries can be called a "third world country" and is "crime ridden" but can boast of having the best performance currency.
Cheers from the ever - patriotic Saffer