South Africa has been down graded to below investment grade namely BB+ by both Fitch and Standard , Moodys has not yet decided to follow and is waiting to see if democratic principles will prevail.
The ruling party is losing considerable ground after 23 years in power, becoming more corrupt, with officials looking to line their own pockets with wealth at the expense of the electorate the so called "Gravy Train !" .
They have had a wake up call as they loose ground in bye- elections to the more populist and slogan bound left wing.
Our electorate is mostly poorly educated . So now the ruling ANC are starting to use slogans and revert to more socialist and unfortunately racialist ideas blaming the Whites (All Europeans) for their shortcomings.
All sides gave ground with the beautiful idea of a rainbow nation under De Klerk and Nelson Mandela ,who won the Noble peace prize for their joint efforts. This is now been eroded and forgotten.
The sacking of the world renowned minister of finance Gordhan and replaced by the new minister with an already shady record. Named Gibata, finally triggered the rating agencies decision.
Gibata has an university professor adviser with ideas that might seem moronic! This adviser wishes to strip all whites of positions in banks,insurance companies and white farmers of their land with out compensation.
Our president is encouraging the use of the slogan RADICAL CHANGE, with out spelling out what this means!
NEWEST UPDATES IN PLACE SEE PAGES AT TOP OF LEFT HAND SIDE-BAR
1.SMALL CAPS.
2 ABACUS NEW IDEAS
3. SEE MY NEW SUMMARY ON MY SPECIALIST WATCH LISTS
4. Spring derivative top 40 list updated
