Predictions about South Africa have been proven wrong

Here we are after further battering. Still standing. Resilient. Strong.

A healthy trade surplus has brought some economic cheer. Driven mainly by a Chinese-led resources mini-boom, this trend may not be sustained beyond next year. But it will help fund short-term relief for the poor as SA grapples with the Covid lockdowns and riots.

Never mind that Anglo moved its primary listing to London during the Thabo Mbeki era. It still owns Africa’s largest iron ore mining company –Business Day reported: “All three companies are making multibillion-rand investments in their SA mines, pouring billions more into the fiscus from higher taxes stemming from bumper commodity prices.

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