The Best One can do Now !

  The best one can do now is hold onto sections of stocks one knows are going to be needed in future to supply the needs of the world popula...

About Me

Retired but always looking for new challenges.

Monday, July 2, 2018

EXPECTATIONS !

We all expected that it would be plain sailing once we had got rid of the kleptomaniac government of Jacob Zuma in which he and his followers ruined the South Africa ,in his nine years in power. Unfortunately those followers especially at the lower levels are are still mostly in place and are reluctant to give up their ways as they continue to loot the state coffers in underhand ways thinking only of themselves and not the tax payers ,the helpless poor pensioners and poor starving populace that can not find work.
 President Ramaphosa has replaced many of the higher rank wrong doers. Of course things can not happen fast enough and the socialist elements within the ruling party namely the ANC makes wild promises which they cannot keep. 
So now to cover their sins they are pushing the land grab with out compensation! 
Also the mining charter which promised so much work is being pushed in a direction which bodes badly for the country as no investment is likely if it continues along the present path of quotas and instruction as to how mining houses must proceed. In fact there is no need for a charter at all,as we have adequate laws covering common law events the same as many advanced countries in Europe!
 It's a pity to see our President is now going along with these ideas in an effort to win the next general election in 2019.

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