We all know Donald Trump as a real estate magnate but now it’s official! Donald Trump has been elected president of the United States of America (USA). Who would have guessed it? The polls got it wrong again. He has accepted his new job graciously and expressed gratitude toward Hillary Clinton and more importantly called together the people of United States (US) of all races, religion, and creeds to stand together into their future. In his victory speech, Trump said, “It’s time for America to bind the wounds of division.” This is what we need in South Africa (SA).
I call Trump’s victory against the polls a big turnaround or more, aptly, which I call, ‘Trumpit’. In the card game bridge, the trump card is the most powerful card in a particular round and defeats all the others. It is like when your needs or wishes trump someone else’s. This in my mind is exactly what Trump did to Hillary Clinton.
First we had Brexit in June, where the United Kingdom (UK) voted to leave the European Union (EU). All the polls predicted the populist views that Britain would not leave the EU and it happened and now Trumpit.
It must be said Donald Trump did not have a good build-up to the election campaign, which was initially full of scandals, putting Trump’s behavior, personality and his personal life under the microscope. I had the privilege of meeting Mr. Trump in September 2011 in Sydney, Australia and the one thing I learned from him is that he does care about his family, the people of his country and the right to everyone’s right to having a safe and prosperous future. In the June 2015 edition of Real Estate Investor Magazine, our cover story was on the Trump Factor. We ran a story in the June 2015 and his real estate strategies.
Back here in South Africa, I think our politicians can learn a lot from Trump’s stance, demeanor and public behavior as a future statesman of the US. Our politicians should be putting our nation’s needs at the forefront first, be gracious in defeat when they have failed and know when it is time to move on. With all the corruption, political shenanigans and economic strife we have to deal with, it impacts our daily lives. We desperately need to get our nation to stand together in South Africa right now. We need to search for the new age Nelson Mandela who can lead us through the political spectrum and the world, with universal respect that we all deserve.
The state capture report unveiling is damaging for South Africa, the association with the Guptas damning and the mismanagement of state assets crippling to our credibility and our economy. We could still pay the price of a downgrade in credit status in the next month. South African’s are tired of empty promises from corrupt, incompetent officials and politicians in government with rhetoric and no action.
It’s not often that we as REIM take a political stand but clearly, like the people of UK and US were also tired of their leaders and they voted for change. It is everyone’s right to live in a place a strong sense of belonging with a shared purpose. Everyone deserves a country where leaders in all sectors earn and receive trust. We want a country that can be a force for good in the world, where our quality of lives and relationships matters far more than the quantity of stuff we purchase and consume. We want to become an individual in a free economy that can make a difference in the world. To fix the SA problem is not a quick fix solution, however, Max du Preez renowned SA journalist says SA now needs a ‘Zexit’ plan, which essentially is an exit plan for Zuma.
There is a view that Trump’s appointment as president is a negative thing for South Africa. Yes, Trump’s victory will impact our markets and make them extremely volatile. Yes, we will see swings in interest rates, currency and in the general state of the economy in the wake of Trump’s new policies. To what extent of that we are not sure right now. But do expect huge shifts but more importantly also get to understand as to how you can benefit from them.