RE: Financial Over-Indulgence: A Case Study Of Some Economic States In Africa
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Having resources is not what makes you wealthy it's your ability to actually channel them productively, that's the true wealth
Our main man Joe is suffering on many levels and the way businesses can not pay employees for months is criminal. This culture allows for the government to present predatory loans to its people. I thought the new government there was supposed to be more 'nationalistic' not turning all native south africans into debt slaves? Not surprised, when government is involved, anything its touches becomes a mess instantaneously.
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I don't really think this was their intentions initially. These credits were like enablements to help people especially with things like unemployment rampaging. Maybe for startups. But from what I gathered it seemes a lot of them have turned these credit to take care of immediate needs like clothing and shelter which will intermittently turn them to debt slaves.
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