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by Beehivewax
1822 days ago
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With a population of approximately 60 million people that's an average of R850 (approx. $60) per person in SA at the current exchange rate. Obviously only a small fraction of the population are going to have invested. Even if I guess an improbably high number of 1 million investors the losses are R51000 per person (around $3600). That's more than a month's salary even for those just inside the top 1%, since it only takes $3500 per month to be in the top 1% of earners in SA [1]. [1] https://www.goodthingsguy.com/opinion/perspective-salary-sou... |
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