The Rich Get Richer: Is it any wonder NASPERS was able to “donate” 1 Billion worth of Chinese made testing kits and PPE to South Africa, after unprecedented demand for online services and entertainment during the Covid-19 lockdowns, firstly in China when the CoronaVirus started, and now in SA, saw a scramble for safe investments, which helped grow NASPERS profits, and set South African stocks on course for a record April month! The benchmark index in Johannesburg is up 14% in April, the most in any month since Bloomberg began tracking the gauge in 1995. Most South Africans do not realise the extent of China’s influence on South Africa even though millions of South Africans have a financial stake in the growing intolerance of criticism by the Chinese Communist Party (CCP) Government.
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How China, the #CCPvirus and NASPERS Sent South African Stocks Index to Record Highs in April Despite Lockdown!
Diamond sales at a record low $1 billion drop for current year
The world-renowned De Beers Company is having an uphill battle in the world of diamond sales while the global economy looks less rosy. With its seventh sales for the current year, it is already clear that the huge $1 billion drop in sales is indicative of a general slump in the diamond industry. However, De..
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Anglo American enters into a land-grab issue to make a positive contribution, after mining tycoons have plundered SA since 1902 and made bags of money – Who are they trying to bluff?
Anglo American (AA) has also entered land grab issue with the heading that they want to make a positive contribution to the matter. In addition to the country’s attempts at so-called land reform, AA wants to address the twisted racial patterns of the past. This is how Mark Citifani, Anglo Amerian’s Chief Executive Officer, goes..
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How Cyril Ramaphosa Sold His Soul to The Oppenheimers For $900 Million. How Much Will He Sell SA For?
Has South Africa just jumped from the frying pan into the fire by having Cyril Ramaphosa elected as the President of the ANC and next President of SA? Are our memories that short that we forget that Ramaphosa is simply just a better liar than Zuma, and not only in the “African Way” is he..
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Cabinet expresses confidence in new SAA board
Newly appointed Communications Minister Mmamoloko Kubayi says Cabinet is happy with the appointment of a new board at South African Airways. Yesterday Finance Minister Malusi Gigaba announced the axing of former SAA board chairperson Dudu Myeni, who has now been replaced by Johannes Bhekumuzi Magawaza. Anglo American board chairperson Nolitha Fakude has been appointed as..
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