movie I was pretty horrified, after enduring the never-ending saga, that the purple villain Thanos ended up wiping out half of life on our planet because of the ecological wreckage caused by humanity.
The period post the Global Financial Crisis coincided with a decade of economic mismanagement. Our budget deficit ballooned from 1% to 4.4% of GDP, and corruption and graft crippled state-owned enterprises. As GDP growth weakened from an average rate of 4% p.a. over the previous decade to a meagre 1.
It wasn’t only corporates who were venturing offshore. Asset managers took full advantage of the increase in the investible offshore limit with pension funds, from last year, being allowed to invest 30% offshore and another 10% in the rest of Africa. Many advisers barely had to prod savers who were getting increasingly nervous. Run for the hills, they said.