Dear all The SARB and local banks are pretending that there is no problem in South Africa, possibly because they don't have visibility of a looming crisis which can possibly be avoided or at least mitigated if managed well. If you are bailing out your own company, then please write to Mr Tito Mboweni at the South African Reserve Bank (SARB). I suggest stating that you have put x into the company over a certain time period and that you would like the SARB to also put x into the company, essentially to keep you going. Advise the SARB how many employees you have, what your turnover has been for the past 3 years, what your employee count was at the end of each year and what your projected turnover is for 2009 and expected number of employees in December 2009. Remind the SARB that in South Africa, there are typically up to 10 people dependent on each employee and that if the SARB don't help you out, then the government's ability to pay unemployment benefits at some point will...
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