End of an Era

 How Does one acquire Knowledge? With academic material and with life experiences that come with age  With academic material there is a stea...

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Retired but always looking for new challenges.

Wednesday, August 1, 2018

THE PRESIDENT TRIES TO BOOST THE ECONOMY BEFORE THE ELECTION IN 2019

Most of us are more than a bit worried by the direction this is taking.
First of all he has announced that there will be a change to the constitution by introducing a bill to take land with out compensation.What most of us find annoying is that the state already holds a vast amount of government land. The shaky assurance is given that fully productive land will not be included! 
WHO DECIDES THIS WE WONDER !
Africa states till now after gaining their independence have mostly all tried this approach with disasterous results to date as confidence in their countries has plunged them all to deep junk status !
Secondly as graft has lost ESCOM (electricity) their double AA rating and driven their lending terms into junk ,they can not secure a loan to carry on working.
ENTER CHINA for this and other state enterprises in trouble. I do hope that have firm accountability and will repay these loans on due dates,other wise China will find other less desirable methods of repayment such as introducing thousands more of their citizens to this country as an immigration destination. 
A NEW FORM OF COLONIALISM WE SUPPOSE!
Africa's motto has always been "Africa ruled by the Africans for the Africans" an admirable slogan.
Our neighbor Zimbabwe are so deeply in debt to China that they first went to China to ask their permission before they disposed of their long time dictator Mugabe !

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