PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Ivan Moor
 
Comments: 6
Article views: 625
 
 
Latest Badges:

 
View all Ivan Moor's badges.
 

We're really wealthy

04 September 2013, 19:01

We are a very wealthy country. Sure, we have many unemployed but we have millions of people who go to work every day and get paid for their efforts. Just fly over the PWV conurbation and be gobsmacked at size of it. Filled with factories, mines, commerce and industries.It is enormous and vibrant.

Where does the money down there come from? Critically it is all sourced from a very small group who produce wealth. Mines, farms and exporters feed the rest. Small business, banks and even the government, especially the government, leech of these wealth producers.

Right down to the local deli, all the money they take emanated from the wealth producers and has passed through many hands before paying for the pint of milk and the shop rent which that sale contributes toward.

It is estimated that SA has produced R52 trillion worth of gold at today's prices. Perhaps 8% of that money has been sent offshore as dividends to the capitalists who put up the original stake or for imported plant. We, the citizens of SA have benefited from the rest, and the money has gone round and round. 

From the mine to the workers, from the workers to the food producers, from the food producers to the fertiliser makers, round and round, a thousand times, But it all started with the foreign capital which dug the mine.

Clearly we need these men and their money, so why do we chase them away? They have bought mineral rights over years, but we expropriate them without compensation, insist they apply for them again. If they want to fund a new mine they have to give away, free, yes free, a quarter of their money and future dividends to BEE partners purely because of their black skins. They are held hostage by illiterate workers who have the highest strike rate in the world.

They have to employ by race, not competence. There is a very real threat of nationalistion without compensation, a' la Zambia and Zim. They have no electricity, the railways and ports are not only the most expensive in the world but inefficient. Pravin is ever seeking to tax them even more. No wonder the investors run like hell from SA. Those same investors whose money funded R52 trillion on gold sales and our prosperity are not welcome in SA.

Yes, we are wealthy, but running on momentum. Stop feeding coal into the locomotive and you will carry on for a while but then slow and, in time, stop. We are getting to the slowing down phase and need injections of investment or will reach the stopped phase.

Investors are not going to come if not welcomed and the irresponsible rhetoric slamming "greedy white capitalists" from cabinet ministers, though the trades unions down to the pondscum EFF are off putting to the extreme.

Yes, we are wealthy, but for how long?

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
6 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Abdullahi Ali Hassan
Whole community must tackle Sowet...

Violence against foreign shop owners erupted in Soweto. Some consider this to be a crime; others call it to be a face of xenophobia similar to that which happened in 2008 in South Africa.  Read more...

0 comments 46 views
Submitted by
Brian Faul
Law of Karma

This is not about religion or religious values or dogma. It is about a universal application that affects each and every being on this planet.  Read more...

6 comments 204 views
Submitted by
b.agnostic
Zuma - far from clever, clever fr...

Many people say Jacob Zuma is not very clever. In a certain respect he is actually very clever, maybe not in the sense of IQ, but rather streetwise clever. Read more...

3 comments 284 views
Submitted by
Thulane Che Trosky
The sudden status of Jackie Seleb...

It is with a certain amount of amazement to notice how the late Jackie Selebi, now that he 's died, is being praised and lauded for his conduct while still being alive. Read more...

4 comments 527 views
Submitted by
Neill Guthrie
Demons of Racism

At the start, I must express my personal opinion that there was nothing racist in the messages tweeted by Zelda La Grange. Read more...

15 comments 786 views
Submitted by
Luzuko Mtoyi
When foreigners are the scape-goa...

I was listening to Metro FM on Friday and one guy called in regarding the issue that foreigners have illegal fire-arms. He talked as if locals DO NOT have illegal guns. Read more...

10 comments 827 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Month End Madness Sale!

Save up to 60% on across a wide range of goods from books to electronics, DVDs and many more. Sale end 31 January 2015. Shop now!

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

Lego sale!

Buy 2 or more Lego toys and get 15% off. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2015 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.