DAILYKENN.com -- While hordes of sub-Saharan Africans flood into South Africa, the nation's wealthiest residents are fleeing.
Businesstech.co.za, a South African website, reveals that about ten percent of the country's high net worth individuals (HNWI) have already fled.
The number of HNWIs is declining as the nation's crumbling economy erodes their net worth. The decline of the rand relative to the dollar, high crime, anti-white racist laws, and lack of quality education are contributing factors.
In 1994 the Mandelan government displaced apartheid with a corrupt, one-party system masquerading as democracy.
Since then the nation has spiraled downward, regressing to the norm which is an average IQ of 77.
South Africa serves as a harbinger for the rest of the surviving Western world where Marxist social and economic engineers seek to decrease the wealth disparity between Third-world countries and Western nations through massive immigration into the West.
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2015, NWW said, was a particularly poor year for SA millionaires – HNWI volumes declined by 18% during the year. The research firm report 46,800 wealthy people in 2014.
Between 2000 and 2014, approximately 8,000 HNWIs abandoned the country, New World Wealth said in a report last year.
“Along with the rise in second citizenship applications, the number of people changing domicile (or immigrating) has increased dramatically since the turn of the century,” NWW said.
“Major reasons for this include: turmoil in home country, security concerns and optimizing education of children.”
South African HNWIs tended to move to Australia, the UK, Cyprus, Mauritius, the USA and Canada, NWW said.
Over the two year forecast period, the number of South African HNWIs is forecast to grow by 10%, to reach approximately 42,300 by 2017.
“Growth is constrained by the current electricity crisis and a rising level of government regulation in the business sector,” it said.
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Image credit: businesstech.co.za####
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