Steinhoff is like the last season of Game of Thrones, nobody talks about it

- Posted an operating loss of R10.5bn
- Only 13% of shareholders pitched up to the recent AGM
- Lost 98% of its value in 2.5 years
- Nobody went to jail
- SA remains top destination for unpunished crimes

- World's capital for femicide & GBV
- Rampant crime
- Mass unemployment
- Blatant corruption
- 12 years of load shedding
- Zero sign of leadership
- Drifting inevitably towards a failed state

Being patriotic isn't enough to retain top talent and people with transferable skills.

tHeY mUsT jUsT LeAVe SA

In a skills exodus, people hardest hit are ones who don't have the luxury to leave. It exacerbates the problem.

Previously the brain drain would be mostly white folks leaving but now it extends to top black talent.

There's little sign of a turnaround.

Every time there's corruption, value erosion (public & private side), fraud - it creates a ripple effect across time.

Someone always pays.

Higher taxes and job losses are the short-term impact. Longer term you end up leaving future generations with crippling debt and no chance

The tragedy is just a few years ago SA was the class leader for global corporate governance. Financial statements were flawless, director dealings were meticulous and being a CA(SA) was a badge of honour.

Now fraud & corruption as a national hobby extends to the private sector.