Hyperinflation here we come, once they pass ruling to dip into our pensions which won't even help and quantitative easing to print up a whole bunch of money we'll see the rand fall even further. You can tax the middle class all you want but it's only going to exacerbate the brain drain and high earners will seak to move where they can get fair market value.
Since we're leveraged to China as you mentioned there's not much in the way of minerals and manufacturing left for us. Farming and tourism is the only thing still bringing in the capital but for how long? These industries are having their fair share of wobbles.
My blood is green and gold through and through but It looks like we're on the verge of economic collapse, if it happens I'm all for it in the case of abandoning the rand and moving into a crypto space but alas that's just a dream.
It could be a reboot for the nation, we could lead the way in terms of Africa and digital currency pull in foreign investment, make it attractive for fintech and blockchain companies to create a presence here.
RE: South Africa is Heading for Shit - And You Can Bank on That!