South Africa having still elements of a first world economy,has returned to normal after the recent turbulent months. The economy marches on and by and large with little racial tension which seems to produce so many problems for the rest of the world.
Of course we have the resources to thank for this situation as they produce most of the taxes ,for our rather inept government to waste on social schemes that will see them re-elected rather than stimulating the economy to produce stable jobs that will grow the non mining sectors .
We produce most of the platium group metals in the world . Other metals and minerals are in good supply such as coal,gold,chrome,diamonds,iron ore and many rare minerals as well.
As minerals and metals are now coming into their own as uses increase and special ones needed for clean air etc we are on a good recovery path.
At the moment major mining groups have paid exceptsionaly good pay outs ,which then usually drops the capital price of those shares by that amount. No need to rush in to buying, but good to nibble at extra lower prices. We feel in our opinion that the future is very bright.
At the moment Palladiun and Rhodium are at very high prices,but as Palladium is connected to petrol and diesel the future uses for these minerals might be limited. On the other hand for Platinum and Lithium the sky is likely to be the limit, as clean air is the now thing gowing forward!
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