What to expect in 2021 and beyond:

  1. Civil unrest as people protest about jobs or fighting for more social grants. This will be exacerbated by automation, AI, internet of things…and the lack of desire to upskill in certain demographics and geographical areas of the country.
  2. The fight against racism will grow. We have already seen the growth of the #blacklivesmatter campaign, growth of #Alllivesmatter campaigns. In South Africa, we have already seen the EFF challenging some historical racists institutions. We have also seen some progressive white and black people speak against all forms of racism. Whether or not we will win the fight against racism remains to be seen. But, my view is integration and more awareness will bring racism to lower or undetectable levels in the next ten years.
  3. You already know this one. Electric and self-driving cars will become a reality.
  4. We will see the likes of Amazon making deliveries using drones at night.
  5. The gig economy will grow and people will start taking more than one job and doing more than one job a day.
  6. We will see an increase in more online stock, forex, options day and trend traders. Some will even quit jobs to focus on this as a main source of income. But, with online trading, some risks arise. You have read about MTI. We may have a few more of those in the future. If you do it, find licensed traders or do it yourself. Do not sell your life to third parties.
  7. Cryptocurrencies will finally be regulated and may even be accepted as a formal legal tender.
  8. A vaccine for COVID-19 will be found. My view, and do not quote me on this because I do not have facts to support this opinion, is that Covid-19 may disappear but those that have made the vaccines will make us believe it is still around so that they can recover their costs and make profits. Disclaimer: do not go around saying, I encourage people not to take the vaccines.
  9. Accountants who have not made a switch to cloud or advisory may now be left behind and get forgotten altogether.
  10. Similarly, companies who have been reluctant to adopt new technologies may finally be forgotten about as they may have already lost competitive advantages.
  11. Conclusion of the commission of inquiry into state capture and high profile arrests will happen in 2021.
  12. The first commercial trip to Mars will happen in 2021.
  13. A truly shared economy anyone? My view is that this will become a reality in the next 10 to 20 years from now.
  14. Blockchain will help us reduce transaction fees and making payments faster by eliminating the middle man. This is already happening. But, it will even grow as more and more people will adopt and make use of digital currencies.
  15. Lastly, we may have more epidemics in the future. Like covid, they will hit us unprepared and unaware.

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