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!
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Eskom crisis as not just a crisis but a potential disaster – Eskom Price Hike To Cost SA 90,000 Mining Jobs – Unemployment rates to rise, all thanks to Eskom!
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Labor unions have threatened strikes over the job cuts at mining firms as well planned reductions at a numerous state-owned companies. JOHANNESBURG – South Africa’s gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an..
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