Valuetainment "Lunatics Running The Asylum" - South Africa Corruption EXPOSED By Billionaire Rob Hersov
May 23, 2025
Foreign investment in South Africa is plummeting, dropping significantly from $151 billion to $96.5 billion. Robert Hersov highlights the corruption behind black economic empowerment, benefiting a select elite. He critically reviews Cyril Ramaphosa's leadership failures and sheds light on Jacob Zuma's infamous defense during his rape trial, which shocked many. The discussion also includes how political satire reflects the country’s turbulent landscape, showcasing the outrageous claims made by controversial figures.
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South Africa's FDI Collapse
- Foreign direct investment in South Africa fell by about 50% from 2022 to 2023, signaling a collapse in investor confidence.
- Economic growth struggles amid rising crime rates and power outages deter investments further.
BEE Enriches Few Elites
- Black Economic Empowerment (BEE) mandates 30% black ownership in many companies but mainly benefits a small elite.
- Instead of employee empowerment, BEE concentrated wealth among a few black billionaires, including political elites.
Jacob Zuma's Shower Defense
- Jacob Zuma admitted to unprotected sex with an HIV-positive accuser but claimed showering afterward protected him.
- This defense shocked the world and became a symbol of the poor leadership intellect in South Africa.