1. A letter to a friend
Author: Paul Harris | Monday, 29 October 2012
There has been a lot of doom and gloom about SA around recently; the Economist says we are in ‘sad decline’;
Clem Sunter says we have a 25% chance of becoming a ‘Failed State’; Moody’s and Standard and Poors have
downgraded us (before the heard Minister Gordhan’s medium term budget speech); ‘Arab Spring’ is bandied
about with alacrity. It’s not that we don’t have significant challenges, we definitely do. But, sometimes we need a
little perspective. This letter from Paul Harris, a founder of First Rand, to a mate does just that.........
Hi Jeff
Hope all is well with you guys. I will drop you a line later with the family news but I would first like to respond to the
email you sent me attaching an article by Clem Sunter which seemed to concern you about us here in South
Africa. You also sent me an article last year by Moletsi Mbeki warning about the danger of an an "Arab Spring" in
South Africa. I often get emails like this from "concerned friends" worried about us which is sweet of you guys. Of
course we are concerned. Some worrying things have happened but we have been through and survived much
worse in much more volatile environments. Including the Boer War, two World Wars, Apartheid, the Rindapest,
GeKorsten and Die Antwoord !
However for as long as I can remember there have always been people who think SA has 5 years left before we
go over the cliff. No change from when I was at school in the sixties. The 5 years went down to a few months at
times in the eighties! But it seems the people who are the most worried live far from the cliff in places like Toronto,
Auckland, London and other wet and cold places). Also from St Ives and Rose Bay in Sydney, Dallas and Europe
and other "safe places" that are in the grips of the Global Financial Crisis, which by the way is quite scary. Many
of them have survived decades of rolling "5 years left" since they left South Africa. So maybe they will be right one
day!
My message is, please don't stress about us in South Africa. We are fine. We are cool. We know we live in the
most beautiful country in the world inhabited by the warm and vibrant people. There are more people here with
smiles on their faces than any country I have ever been to! Young people are returning in droves with skills and a
positive attitude. Collectively we bumble along and stuff many things up while letting off a hell of a lot of steam
(have you heard of a chap called Julius Malema?). Yet in between South Africans do some amazing things like
win a few gold medals, big golf tournaments and cricket and rugby matches. The South Africans I know get off
their butts and do things to build our country rather than whinge from a position of comfort. We actively participate
in projects that improve the lot of underprivileged communities. I would not trade for anything last Saturday in a
hall full of 1500 African teachers singing at the top of their voices and demonstrating their commitment to
improving education in their communities.
We have our challenges and surprises. The standard deviation of our emotions are set at MAX. You are never
just a "little bit happy" or a "little bit sad". At one moment you can be "off the scale" pissed off or frustrated or sad
or worried or fearful or depressed . The next moment you "off the scale" exhilarated, or enchanted, or inspired, or
humbled by a kind deed, or surprised by something beautiful. It makes life interesting and worth living. After all
why do we have emotions?

2. We also have passionate debates about the future of SA. Helped of course by red wine which you must taste
again because it is getting better every year! Clem makes a great contribution to the debate as do others like
Moletsi Mbeki. Russell Loubser the ex head of the JSE made a feisty speech the other day that has whipped up
emotions. Up to MAX on the emotions meter of the ANC Youth League whose campaign for nationalisation of the
mines was attributed to people who have IQ' s equal to room temperature. South African politics has always been
volatile, we have opinions that could not be further apart and it evokes emotion on a massive scale. Interesting
and stimulating for those that want to take it seriously but noise in the system to me. Fortunately we are rid of
Apartheid that would definitely have pushed us over the cliff. These are the birth pangs of a new and
unpredictable democracy. So buckle up and enjoy the ride and contribute ! That is the message I convey to South
Africans.
Sad as it is, it is true that the South African diaspora has a largely negative influence on confidence in South
Africa. It would not be a problem if their fretting about how long we will last before we go over the cliff was merely
a reflection of their concern for us, their friends and family. The problem is that it does impact foreign investment
which is important for economic growth. A person that is thinking of coming to visit or investing is often put off by
listening wide eyed at the stories of people who have gapped it. As you know I own Ellerman House that hosts
many foreign visitors and I have never, EVER, met anyone who has visited for the first time without being blown
away by the beauty of the country and the warmth of the people. It is not for nothing that South Africa has the
highest ratio of repeat visitors of all long haul destinations.
So, Jeff, how can I help you stop stressing out about us? Maybe best is that you get exposed to some
articles and web sites that give a more balanced and uplifting perspective of South Africa. I have
attached some links below that you may find interesting.
The two websites www.sagoodnews.co.za and www.homecomingrevolution.co.za have stories that
will make you feel better.
I will sum up my feelings about South Africa with a quote from Joanne Fedler’s book ‘When Hungry – Eat’.
Joanne emigrated to Australia in early 2000."South Africa is a place of spirit-distorting paradox, a land with a
bipolar disorder that swings you from joy to despair in the space of a heartbeat. It twists your arm behind your
back and ties your sanity in a knot. It bullies you until you’ve forged your opinion on politics, crime, AIDS, the state
of the roads, the economy or the politicians. It’s not for the wishy washy or the fence sitters. It demands you know
who you are and what you stand for. It keeps you fit, on your toes and looking over your shoulder. It steals your
purse and holds your soul ransom. As much as I was, at times, on the edge of sanity living there, I was also
stimulated, driven and felt bungy-jumpingly alive. The shades of happiness and fear mottled. I knew that leaving,
like chemotherapy, would kill off the best things in my life as well as the worst."
So please don't worry and if you get a chance put in a good word for us.
All the best
Paul Harris