Cyril’s tough Covid-19 rules encourage wealthy to invest outside SA

David Shapiro and BizNews editor-in-chief Alec Hogg have another spirited exchange in this Rational Radio interview. Referring to the reinstated ban on the sale of alcohol, the current circumstances in South Africa are compared to the prohibition in the United States in the 1930s when bootlegging was rife. Shapiro explains how economies are driven by confidence and that President Ramaphosa's address on Sunday constitutes a step backwards. The disconnect between government and the private sector, particularly in reference to the autocratic government processes imposed in the national lockdown, is discussed. Shapiro states that SA Inc. is currently under enormous strain and that the safest place for South Africans' money is offshore - at least for the moment.