THE OLD YEAR ENDS ON A VERY POSITIVE NOTE FOR SOUTH AFRICA AS THE RAND SURGES TO LEVELS LAST SEEN MONTHS A GO ON THE BACKGROUND
OF CHOOSING
A NEW PRESIDENT NOT MIRED IN SCANDAL AND ONE THAT IS A SUCCESSFUL
BUSINESS MAN AND SHOULD BE FAVORABLE TO BIG BUSINESS THAT WILL CREATE JOBS AND REVERSE THE PROCESS OF DOWNGRADES.
How ever the mood is still sombre in more enlightened circles as the president elect did not have a clear run as the former president nominated his wife who won almost half the seats and many radical resolutions were adopted that are supposed to be implemented by the new president.
The worst of these is land grabs, that is taking good agricultural producing land with out compensation and re-distributing it to the peasants . Our neighbor ,Zimbabwe did this under the dictator Mugabe . The result was disasterous as their economy collapsed completely. That country was the bread basket of Africa. As usual the majority land was distributed to Mugabe relatives. They had no money to pay for imports and no food to eat.Days of celebration followed the overthrow of Mugabe after thirty seven years of hardship and death of many from starvation.
South Africa considers itself more sophisticated ,but such populist veiws are held by a vast amount of tribal people ,who want to this to be extended to the cities as well.
Although the racial card is played as it is said whites hold most of the profitable enterprises,this is not simply true.After three hundred years in this country there very few pure white families left!
The civil service is 95% black now,which leads to another point that their pension fund is wholly dependent on shares on the stock exchange to grow their pensions,if these are seized they would end up with no pensions.
Another call is for the mines to be nationalised.
These mines also pay heavy taxes and in some instances royalties which would immediately be lost to the fiscus if nationalised.
As the rulers now can not even run the government or semi-parastatals properly how earth will they manage the mines!
Do remember that the government already runs the national airways and electricity supply at increasing huge losses !
1.SEE THE SIDE-BAR FOR LATEST UPDATES.
NEWEST UPDATE ALWAYS AT THE TOP OF THE LIST.
UPDATED a)Barry and Naomi's Small Caps.
b)My specialist watch list from 2015 to 2018
c) Abacus updates
d) The final declarations of the NEW WINTER LIST ARE NOW IN PLACE for 2018
e) Summer and Autumn updates now also in place.
2.Students of various disciplines use labels and archive to help them in their studies,also investors .See side-bar
f) Mining and resources update in place.
3.For something really different and entertaining Google : Bar-Nam Doings
