Valuetainment - May 23, 2025


＂Lunatics Running The Asylum＂ - South Africa Corruption EXPOSED By Billionaire Rob Hersov


Episode Stats

Length

7 minutes

Words per Minute

178.60817

Word Count

1,273

Sentence Count

129

Misogynist Sentences

2

Hate Speech Sentences

3


Summary

In this episode, we talk about the rise and fall of foreign direct investment (FDI) in South Africa over the past few years, why this is happening, and what it means for the future of the country.


Transcript

00:00:00.000 Rob, can you pull up foreign direct investment in South Africa?
00:00:03.160 History of foreign direct investment in South Africa.
00:00:06.040 Year over year, I want to take a look at this.
00:00:08.560 Foreign direct investment in South Africa, year over year.
00:00:11.300 Did you find BEE on there?
00:00:12.920 I want to go back to that as well.
00:00:14.080 The one thing that I saw that in 2023, it was $96.5 billion.
00:00:21.800 In 2022, it was $151 billion.
00:00:25.520 So it dropped 50% in one year is what it is.
00:00:28.900 What is foreign direct investment in South Africa in 2024?
00:00:33.020 FDI, South Africa, 2024.
00:00:36.340 I need a Rob.
00:00:38.840 Yeah, Rob is very good at what he does.
00:00:41.080 Has he acted in Game of Thrones, Lord of the Rings?
00:00:43.340 He is.
00:00:44.100 You should give him a double-headed axe and a white horse.
00:00:46.420 I mean, that's how I see him.
00:00:48.520 Okay, so Q1, for example, FDI, $24 billion.
00:00:52.420 And Q2 was $16 billion.
00:00:55.200 Q3, did they show you what it is in 2024?
00:00:58.900 I'm looking at the same thing you're looking at right now.
00:01:00.840 I'd be curious to know what the number is.
00:01:02.720 So, okay, sometimes we're thinking about some flows of $7.5 billion,
00:01:05.860 which is falling in Q4, making a turnaround from $3.2 billion.
00:01:09.240 Okay, money's not coming in in 2024.
00:01:11.980 And people are leaving.
00:01:12.900 Yeah.
00:01:13.340 And the economy is half as growing at half the rate that population growth is growing.
00:01:19.100 We have one of the highest murder rates in the world.
00:01:22.900 They're one of the highest rape rates in the world.
00:01:24.880 And remember, most rapes aren't reported.
00:01:26.480 So the reported rapes are one of the highest in the world.
00:01:29.740 We have load shedding, which means you have intermittent electricity,
00:01:35.220 sometimes six hours a day of no electricity.
00:01:38.740 How do you run a country on that?
00:01:40.620 And it's because the ANC has broken and stolen all of our state-owned enterprises.
00:01:47.180 They're destroying the country.
00:01:48.560 The ANC is.
00:01:49.220 Okay, so, Rob, can you type this in on Google?
00:01:51.960 Type in B-BBEE South Africa 30%.
00:01:57.380 Just type in 30%.
00:01:58.620 There you go, percent.
00:01:59.800 So if you zoom in a little bit, you're going to see what it says right there.
00:02:03.340 In South Africa, broad-based black economic empowerment framework,
00:02:06.880 a 30% target is commonly used for black ownership in specific sectors
00:02:10.280 for certain compliance requirements.
00:02:12.440 This target is particularly prominent in sectors like telecommunication,
00:02:15.420 broadcast, and post.
00:02:16.460 It also applies to large companies aiming.
00:02:18.820 But does this mean the ownership target is the one I'm looking at?
00:02:22.400 In many cases, the 30% target refers to black equity ownership in a company.
00:02:26.300 This means that at least 30% of the company's shares or equity must be held
00:02:29.440 by black individuals.
00:02:31.120 The 30% target is often seen in sectors like telecommunication, broadcast.
00:02:34.460 Okay, so they announced this.
00:02:36.880 How many businesses had to give up 30%?
00:02:39.600 Or is it just for startups?
00:02:41.400 No, it's most of the big corporates.
00:02:43.940 They went to the big corporates and this,
00:02:45.380 you've got to give 30% of it to one black person?
00:02:48.240 Or a group of black people or a SPV of black people.
00:02:52.500 What did that cost people?
00:02:54.120 And this is Jacob Zuma.
00:02:56.120 Well, it actually began even earlier.
00:02:57.720 And it was seen as an element of transformation of the economy.
00:03:01.560 And all the corporates accepted it at that time.
00:03:04.380 Like we've got to transform our economy.
00:03:06.040 We've got to bring the broader black population in.
00:03:10.240 But all they did was benefit 1,000, 2,000 elites.
00:03:16.120 What would have been smarter would have been to give 30% of your business
00:03:19.840 to your employees and empower them.
00:03:22.920 And that never happened.
00:03:25.060 So we've got these black billionaires.
00:03:27.520 They're all listed if you want to hear their names.
00:03:30.700 Cyril Ramaphosa is one of them who were handed billions of dollars on day one
00:03:36.080 to just participate in these businesses.
00:03:39.400 Have a look at him, what he owns.
00:03:41.820 Cyril, a dreadful, dreadful president.
00:03:46.080 I just tapped him.
00:03:49.660 Black billionaires in South Africa.
00:03:51.380 Patrice Motsepi.
00:03:53.000 And he's Cyril Ramaphosa's brother-in-law.
00:03:55.560 He is Cyril's brother-in-law.
00:03:58.500 And his mining company was our family mining company.
00:04:01.840 And they took it away or they bought it?
00:04:03.220 No, we sold it.
00:04:04.020 We sold it to him.
00:04:04.880 Yeah.
00:04:05.060 And then in the mid-90s, we moved out of mining and industry.
00:04:07.960 And who is he?
00:04:08.600 Is he somebody that's respected?
00:04:09.760 Patrice Motsepi?
00:04:11.400 I like him.
00:04:13.040 To his credit, he was the first African to join the giving pledge.
00:04:18.500 Buffett's, you know, give away a third of your wealth when you die to charity.
00:04:22.520 He was the first African to do it.
00:04:24.180 To his credit, he's a nice, charming man.
00:04:27.320 But he's Cyril's brother-in-law.
00:04:29.100 And he's never stood up like most South African corporates have never stood up against the ANC.
00:04:35.080 Let's stay on Jacob Zuma a little bit.
00:04:37.140 What is this story I hear about Jacob Zuma?
00:04:39.540 Did he have an accusation of having AIDS and he raped someone?
00:04:44.520 And then he said, he says, after I raped him, it was unprotected, but I showered, so I should be clean.
00:04:51.600 There's a cartoonist.
00:04:52.560 Is this a joke or is this?
00:04:53.560 No, it's real.
00:04:54.120 There's a cartoonist in South Africa.
00:04:55.800 Those did cartoons of Jacob Zuma with a shower head coming out of his head.
00:05:00.620 These are the people running our country.
00:05:02.700 This guy right here?
00:05:03.540 This one?
00:05:04.080 Yeah, there you go.
00:05:05.920 So he raped someone and then he says, don't worry, she didn't.
00:05:09.540 So he's got AIDS.
00:05:10.500 He's got HIV.
00:05:11.600 Who knows?
00:05:12.380 I mean, he seems pretty fit.
00:05:14.420 No, but what is the story about him having HIV?
00:05:16.700 Is there truth to it or no?
00:05:17.960 That I don't know.
00:05:18.920 That I don't know.
00:05:19.500 Can you zoom in and see what it says?
00:05:20.900 So during the trial, Zuma made it to have an unprotected sex with his accuser, whom he knew to be, oh, the accuser had HIV positive.
00:05:28.700 Correct.
00:05:29.000 But memorably claimed that he took a shower afterwards to reduce the risk of contracting HIV.
00:05:34.100 This is the level of intellect that we have running the country.
00:05:38.700 And all Bill Clinton did.
00:05:41.100 Yeah.
00:05:41.980 I mean, this guy takes Bill Clinton to, yeah.
00:05:44.920 I know.
00:05:45.420 We've got lunatics running the asylum.
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00:07:07.100 Peace.
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