THE GHOST TRAIN
THE FINANCE GHOST: Learnings from London
Weather aside, this trip is giving me even more things to be worried about with South Africa’s trajectory
I’m writing this in the village of Radlett, north of London. I don’t follow football, but many would be excited to know that the Arsenal training ground is in the same village. This means that a few of the players live around here, parking their luxury cars on the driveways in front of their homes. Yes, even Premiership footballers don’t get garages here.
Goodness knows I expected London to be a show of wealth in the developed world, especially in summer. Well, if you can call this summer — it was 13ºC the other day! But weather aside, this trip is giving me even more things to be worried about with South Africa’s trajectory. We have lost a tremendous amount of ground vs the developed world in the years since the global financial crisis. If we don’t address the slide in wealth, any travel to the developed world will be prohibitively expensive for us. As it is, the cost of a steak pie and mash in London, plus a beer, is what you’ll pay for an excellent fillet and a great glass...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.