When The Cake Flops
Posted by Baker Street on Wed, 21 Jun 2017
They seem to be moving closer to Nationalizing in South Africa.
There is a new Mining Charter in the pipeline and the banks and Reserve Bank might also be under threat. They are in the process of taking away privately owned farms, especially from whites, although the Government already owns most of the land area in South Africa. There is much talk about radical economic transformation.
It seems like a situation of ‘legal’ land-grab and nationalizing everything. In effect we are changing from a Democratic and capitalistic based society to a more third-world liberator-communist orientated society like some Latin-American countries and countries in central and southern Africa.
You do not need a crystal ball to see that we will go belly-up economically and financially and thereafter it will affect all of society for all time to come. In the words of the DA Leader ‘These policies have failed elsewhere; and they will fail here as well.’
A bird in the hand is worth two in the bush.