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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MINING SURVEY FRIENDLY COUNTRIES

  A Mining survey shows that the most mining friendly countries and areas are ARIZONA,NEVADA,FINLAND,MEXICO,IRELAND,WESTERN AUSTRALIA AND QUEENSLAND.  

On the whole African independent states including South Africa have fallen out of favor. These regions formerly were very favorable to miners. The governments since independence when they took over from in their eyes from the much maligned colonialists who handed them good working economies on a platter have been very corrupt ,lazy and are it would seem only interested in lining the pockets of politicians and top government officials.
Looting has become commonplace and increased taxes have made establishing new mines a risky enterprise. Added to this now further talk of "windfall taxes" and socialist polices of nationalisation have driven overseas capital away completely.
These indigenous officials don't seem to realise that it takes millions of US Dollars to establish a working mine and this process can take up to ten years and not all mines can be profitable as metal and mineral prices rise and fall all the time.

Older mines are closing down plus heavy taxes and royalties shedding  thousands of jobs with no replacements on the horision 
is causing great misery.

Whipping the local indigenous Africans populations with talk of "white mining exploitation !"  is not helping matters either. Also The new mining charter in South Africa will bring new misery. South African mines have some of the best legislation ,which compares well with the world in protecting laborers rights.
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Overcoming problems !

South Africa has been down graded to below investment grade namely BB+ by both Fitch and Standard , Moodys has not yet decided to follow and is waiting to see if democratic principles will prevail.
The ruling party is losing considerable ground after 23 years in power, becoming more corrupt, with officials looking to line their own pockets with wealth at the expense of the electorate the so called  "Gravy Train !" . 
They have had a wake up call as they loose ground in bye- elections to the more populist and slogan bound left wing.
Our electorate is mostly poorly educated . So now the ruling ANC are starting to use slogans and revert to more socialist and unfortunately racialist ideas blaming the Whites (All Europeans) for their shortcomings. 
All sides gave ground with the beautiful idea of a rainbow nation under De Klerk and Nelson Mandela ,who won the Noble peace prize for their joint efforts. This is now been eroded and forgotten.
The sacking of the world renowned minister of finance Gordhan and replaced by  the new minister with an already shady record. Named  Gibata,  finally triggered   the rating agencies decision.
Gibata has an university professor adviser  with ideas that might seem moronic! This adviser wishes to strip all whites of positions in banks,insurance companies and white farmers of their land with out compensation.
Our president is encouraging the use of the slogan  RADICAL CHANGE, with out spelling out what this means!

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2 ABACUS NEW IDEAS

3. SEE MY NEW SUMMARY ON MY SPECIALIST WATCH LISTS
4. Spring derivative top 40 list updated

RAND STRENGTH

During the whole Brexit fiasco the Rand held up surprisingly well, losing very little against the US Dollar.
 As Soon as the initial panic ended it made it all back in three days! Compare this with other countries through out the world where a rout took place as if a comet was threatening the world.
The reason was that longer term mutual funds, large conglomerates and longer term traders  are looking to receive a better returns on their investments.  Most first world investments such as bonds are now in negative territory ,so large investments are losing money. 
 First our bonds were in demand again and large cash flows are coming in. Our bonds are still around 7% positive.
Now our mining shares are starting to take off as modest demand  to return and risk on investments are coming into vogue again.
                                         ALSO


1.The British Commonwealth will in the long run be better off ,as will British relations with those countries as the European grouping have been urging Britain to cut favourable trade deals to its former empire! South Africa is also a member of the commonwealth.
2. The reason for the no vote winning was the European Union showing little resolution to curb illegal immigration, which any thinking person could see would lead to  WORK BECOMING VERY SCARCE AND COUNTRIES STRUGGLING WITH MONIES TO PROVIDE SOCIAL SERVICES FOR THEIR OWN POPULATIONS ,LET ALONE ILLEGAL FOREIGNERS !

OUR BACKS TO THE WALL!

   Our finance minister with years of experience is doing a great job bringing order to our fiscal system.
TRANSFER TO MINING NEWS IN THE INDEX ABOVE FOR THE LATEST ON GOLD AND PLATINUM
   How ever as hard as he tries and he has succeeded in bringing  almost every one on board even the major trade unions as they see the number of jobs declining due to circumstances world wide.
   The major reason is of course that we remain a basic producer of metals and minerals. The demand for these has declined drastically and of course the needs of the poorer citizens have to be met to keep their body and souls alive!
   Therefore I RELUCTANTLY forecast that we will be downgraded to junk status(i.e. non investment grade) ,likely this winter. We are held in such good stead that countries such as Brazil and Russia were downgraded a considerable time before us.
 The good news is we are unlikely to be downgraded further and not if but when demand for commodities improve we are likely to be upgraded before many other countries of the world.
I hope we have learnt our lesson and in future keep strict fiscal discipline!