We always complain about the spike in the consumer index and High inflation rate not even speaking about poverty. We always want to blame government and several other parties, but neglecting our own share in ensuring that this happen in our economy. Yes in a matter of sense, Government should be partially blamed to oversee the basics of economy and restrain the influx of foreign companies and promoting the domestic companies. Especially when looking at the Government tender process and how many International companies have been awarded contracts while in South Africa more than capable companies is to do the job.
Looking at corporate ownership as in legislation, a foreigner or foreign company can only posses 49% in a South African Company with the results that 49% of the nett income is leaving the country while export relations is not even a thought. Looking especially also at the import market, one cannot deny the long term thought of supporting other countries, strengthening their domestic economy.
Well let us look at everyday contributions by the people of South Africa to poverty, high crime rate, high inflation etc in South Africa. Only a few companies to be mentioned is SHELL, BP, Woolworths, FNB, KFC, Burger King, Virgin Group, Mercedes Benz, Toyota, Protea Group, etc just to mention some. If the South African citizens start with buying from local companies and support local owned companies, the value in keeping money in South Africa would have a long term positive effect.
In short, when not supporting South African owned companies, and being effected by high inflation, prices, crime and poverty, stop before complaining for every time you support a foreign owned company you approve upon the current conditions in South Africa.
Once again I am no politician, nor affiliated with any organisation. I am only exercising my rights to freedom of speech and expression as stipulated in our constitution. The conclusion will lie in the eyes of the reader.
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