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.
SEE THE RIGHT HAND SIDE BAR FOR THE LATEST PAGE UPDATES ESPECIALLY THE MINING STOCKS THAT ARE STARTING TO RUN !
Showing posts with label ZUMA. Show all posts
Showing posts with label ZUMA. Show all posts
Monday, July 2, 2018
Monday, July 3, 2017
South African Dilemma!
URGENT UPDATE. SEE MINING NEWS IN THE SIDE BAR
The ANC has been in power for 23 years with out any serious rivalry from other parties. Now with the worlds recent recession and people wishing to have a greater say and exercise their democracy, the bloated upper echelons are starting to scramble to preserve their lifestyle. The president Zuma and his cohorts have been involved in numerous scandals and they wish to keep their gains by proposing his wife for the next president, the term starting 2019,which will also avoid prosecution of those now being investigated. The ANC has lost the major cities to opposition groups a major blow to their party.
Unfortunately they are now resorting to left wing slogans,also replacing trusted democratic ministers with those involved in those scandals as they are really forced to be loyal to the president or likely end up in jail!
As an example the new mining minister of four months proposes a third mining charter which would is illegal as the Pretroleum Resources Development act still being debated by consensus in the commitee stage has first to be passed for legality. Riding roughshod over the rules expects the mines to comply within the year!
This bill is opposed by the CHAMBER OF MINES which is taking it to court as as it stands it would be impossible to find any funds to start any new ventures.
The CHARTER 111 also falls foul of the GENERAL AGREEMENT OF GATT which could lead to this being suspended ,leading to great financial loss to South Africa.
1. Spring and Summer top 40 updates now in place
2.The new Winter list is now in place on the Small Cap lists
3. My new specialist watchlist has been updated see side-bar.
4. GOOGLE BVIANS ABACUS INFORMATION ALERTS then bookmark the site and visit monthly for those traders and investors that want to take their trading to the next level! Updated
The ANC has been in power for 23 years with out any serious rivalry from other parties. Now with the worlds recent recession and people wishing to have a greater say and exercise their democracy, the bloated upper echelons are starting to scramble to preserve their lifestyle. The president Zuma and his cohorts have been involved in numerous scandals and they wish to keep their gains by proposing his wife for the next president, the term starting 2019,which will also avoid prosecution of those now being investigated. The ANC has lost the major cities to opposition groups a major blow to their party.
Unfortunately they are now resorting to left wing slogans,also replacing trusted democratic ministers with those involved in those scandals as they are really forced to be loyal to the president or likely end up in jail!
As an example the new mining minister of four months proposes a third mining charter which would is illegal as the Pretroleum Resources Development act still being debated by consensus in the commitee stage has first to be passed for legality. Riding roughshod over the rules expects the mines to comply within the year!
This bill is opposed by the CHAMBER OF MINES which is taking it to court as as it stands it would be impossible to find any funds to start any new ventures.
The CHARTER 111 also falls foul of the GENERAL AGREEMENT OF GATT which could lead to this being suspended ,leading to great financial loss to South Africa.
1. Spring and Summer top 40 updates now in place
2.The new Winter list is now in place on the Small Cap lists
3. My new specialist watchlist has been updated see side-bar.
4. GOOGLE BVIANS ABACUS INFORMATION ALERTS then bookmark the site and visit monthly for those traders and investors that want to take their trading to the next level! Updated
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