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I must stop hoping for bad news to make money as that's what it amounts to!

Funny, that is also where I am. But I am not hoping for it, I am just waiting for it.

Accept that over the last 5 years the economy in RSA has been in decline, we have a worsening exchange rate, and and GDP is growing at less than 1%. Then we had a change in president who regrettably is nothing more than a windbag - just shows his gifted enterprises taught him nought about business and economics - so we have a present who is nothing more than a goffer for the ANC.
Somewhere I read today that since November last year foreigners and saffers have taken R 400 billion out of RSA and there is little chance of the country receiving foreign investor funds unless stringent conditions are met. Elephant in the room is China who could invest heavily in this country but again they will demand concession and conditions that would make a smarty box look opaque.
When the political situation gets to an equilibrium then only are we likely to see some growth, forex investment and other good things happening in this country.
When the government have the courage to charge fraudsters (many of their own party members), jail the people and get the trade unions to wind in their necks on stupid wage demands with no evident productivity gains, then and only then will we see this country revert to a great place to work and live in.

Well if you are the risky type then you could invest in AYO, Steinhoff, Sygnia, Dischem, ADAPIT and home for a return to better days (except AYO)
I hold shares in the last 4 and am prepared to wait a while longer before making a sell decision

Still doesn't help me with my goal of getting an investment that gives me 15-20% return per year though! 

The only way you're going to see that type of return is taking an outsized bet on something the market thinks unlikely to happen. Some of the smart money is punting gold, with most reserve banks around the world piling into physical gold, as no-one trusts US debt anymore. Or you could buy an out the money collar on Bitcoin, if you can find someone to structure you one. Shouldn't be too difficult if you're a HNW with a private bank. Take below $1,000 as your put strike and above $5,000 as your call strike. I can't see crypto-currencies going sideways for much longer as people are either going to start bailing out (i.e. price goes to zero) or else somehow a fire gets lit under them (price goes above $5,000). You could also buy a deep out the money put on equities. A lot of smart money is also punting second passports, and land with decent water on it. It's not going to get you a 20% return but you will have options should the proverbial sh1t hit the fan.