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Malema's Golden Wristwatch

24 March 2014, 21:30

Malema’s Golden Wristwatch

Whether Malema’s wrist is adorned with a Breitling or a Rolex, I am not sure. Perhaps he too has an array of expensive watches, one for a rainy day, one for an evening out, who knows? The newspapers have had much fun with his expensive tastes, but they are a bit foggy about the brand.  Not being a buddy of Malema, I am not going to lay my hand on the bible as to which brand he chooses to wear. Suffice to say, the watch   gleams and sparkles and indeed, it looks very expensive.

  I have read that a watch like that will knock you back a good R50 to R60, 000. Now those are mega bucks… whew.

People who know something about the exclusive watch business tell me, that the real manufacturing costs of such watches are about 10% of the selling price, the rest goes to advertising and profit.  In other words, anyone entering the refined world of Cartier, Rolex or Breitling, are capitalist “aficionados.”

Rather strange for a socialist and nationalization freak like Malema. To be sure such a watch is not for a miner, far too precious, far too expensive.

Trying to find out more  about how these cars, houses and glamorous watches fell into Malema’s lap, I turned to the Internet. Google was not that helpful.

He did do matric, and then a two-year correspondence course with Unisa on “Youth Development” and since 2011 has started a Bachelor of Communications. And yet… there are, it seems to me, some “potholes” in Malema’s Google Curriculum Vitae. 

There was no mention of a directorship of a road engineering company, that raked in huge lucrative tenders, no mention of the “Malema-built roads”, that spilled away with the first heavy rains. (I always thought, that if you failed woodwork, you should not get into engineering projects, but it seems, I am wrong). Nope, there was not even a mention of any Limpopo “sweet-heart deals”, so perhaps I am just pulling these things out of my hat.

By holding Malema up to the light, I realized that Malema had actually done two “apprenticeships, “ one with Jacob Zuma and   one with Hugo Chavez of Venezuela. Now I do not have to spell out to you what an apprenticeship with Jacob Zuma brings.

If things did not work out between the two men, let me assure you that the saying “Birds of a feather will stick together” is wrong, wrong, wrong!

Bird of a feather, do not get along because they are too much the same. Imagine that!

Somewhere along the line, Malema, Breitling or Rolex adorned, whizzed across the skies (first class plus champagne, paid for by the ANCYL who left a debt of R50.000000, which the SA taxpayers will probably have to pay) went to meet “El Capo” of Venezuela. Mr. Chavez, also very scant on formal education other than an army career, had embarked his country on a social revolution.

It was here that Malema learned to perch a bright red little beret on his pretty little head, strut and develop theories about nationalization of a country’s wealth.

I am a firm believer that travel broadens the mind provided that one really opens one’s eyes, but alas, this is where the trouble starts. “El Capo” nationalized oil-soaked Venezuela’s oil fields when a few years down the line, fate struck him down with a deadly disease and he died.  His works and heritage however, went on with President Nicolàs Muduro an ex bus driver.  (The moral of the story here is, always be respectful to Golden Arrows bus drivers, you could be talking to SA next president).

So where is Venezuela today?  Oil-rich Venezuela stands on the brink of bankruptcy!

The murder rate is the highest in the world, yes, even higher than SA. Since “El Capo” was at the helm, corruption has soared; unemployment has rocketed to an unheard of high as with the sweep of nationalization, thousand s of small firms went under and people lost their jobs like swotted flies. Things have reached a point where the shelves in the super markets are often empty, with queues of 2-3 hours building up.

Inflation in Venezuela now stands at 56%!  ( I have not looked since 10 days, the inflation rate is possibly even higher now)  Just imagine, Julius’s brand name watch, instead of costing just R50, 000 would now cost R78, 000. Wow!

 Lower down the food chain, a loaf of bread, which before inflation cost R10, would now cost R15.65.

So what happened to this dream of nationalization? The nationalized oil fields are badly run and badly administered and no longer yielded what they did before “El Capo “ arrived on the scene.  Corruption has taken off big time and has became imbedded in every inch of the Venezuelan society. 

Social expenditure on grants, pensions, jobs for pals, cost more than the monoculture of Venezuelan oil can bring in. Simply and sweetly said, the cupboard is bare, because of inefficiency and wild and reckless spending.

 Violent demonstrations rack the streets of Caracas and 40 people have already lost their lives. 

What will governmental bankruptcy mean for the Venezuelans? Government employees, teachers, police etc will soon not be paid. Grants and pensions will not be paid, either. Of course the government can print more money, which will turn grants, salaries and pensions into something equivalent to….. well, toilet paper, i.e. worthless.

Muduro is now trying to get the Chinese to bank-roll Venezuela, which they just might do if the Venezuelans offer them a sweet-heart deal, where they the Chinese get oil for next to nothing, and the Venezuelans get just enough money to keep them going for the next couple of months.

A jump-start for the Venezuelan economy it won’t be. President Muduro is apparently seeking spiritual guidance   from the deceased Mr. Chavez, which I sort of understand.

The corrupt ANC has abandoned the poor and clever little Malema is trying his luck. (Nature abhors a vacuum.) By selling Hugo Chavez’s nationalization story as a “good story” Malema 

 Is not telling the “whole story” and the whole story is that the Venezuelan nationalization is turning into a Venezuelan nightmare. When the golden goose has been plucked naked, the cushy government jobs come to an end, the pensions dry up, the grants and the official salaries, for what they can buy, are useless.

SARS is after Malema for unpaid taxes.   Perhaps SARS will even requisite these much discussed watch or watches, in the hope that they will be able to sell it/them further down the line.  We all know that these expensive goods, once they leave the shop their value drops.

Perhaps that will recuperate SARS a few rands, who knows?  A stupid gets out of bed every day, you just have to find him.

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