Friday, March 04, 2011

Who benifit from the current ANC government?

There was a time when I really had a problem with Australia, for instance, exporting good wine, making good cars, having a good economy, etc. at a cost to South Africa. I firmly believed that we were exploited by Australia during the sanction years. They filled a gap left by the then South Africa.

Since then everything has changed.

When I read the below, it is clear that I cannot blame anybody else but the government of South Africa, for anything that is for sure going to happen to South Africa, based on what is currently happening.

Hedge fund warns of SA 'blow-up'
Mar 04 2011 17:14 Reuters
UK hedge fund Toscafund says SA is likely to implode Libya-style in 15 years, but with more serious consequences.

London - South Africa is flawed and set to "blow up" within the next 15 years with more serious consequences than Libya, says Toscafund, one of the UK's most high-profile hedge funds.

It tips commodity-rich Russia and Australia to benefit.

Chief economist and partner Savvas Savouri, who has been researching South Africa's economy, cites emigration of professional workers and what he sees as a "lack of centralised leadership" when it comes to dealing with problems such as the Aids epidemic.

"It's socially, politically and demographically flawed. It will malfunction within 15 years. It will go the way of MENA (the Middle East and North Africa) but the blow-up will be much more serious," Savouri told Reuters in an interview this week.

"Professional whites and blacks are leaving in hordes - the human capital is decaying," he said.

Savouri's comments come as Libyan ruler Muammar Gaddafi struggles to contain a two-week-old popular uprising in the world's 12th-largest oil exporter, which has helped push brent crude above $115 a barrel.

The unrest across North Africa and the Middle East has also seen the ousting of Egyptian leader Hosni Mubarak and Tunisian leader Zine al-Abidine Ben Ali, as well as protests in Bahrain and Saudi Arabia.

Savouri said a "malfunction" in South Africa, which is the world's biggest producer of platinum and a major producer of palladium alongside Russia, would push commodity prices higher, benefiting rival commodity-rich countries.

"Clearly Russia and Australia will win out. The surge in commodity prices will benefit them," he said.

Savouri, who is known for being outspoken in his predictions, said in January that the financial services industry was practically "lawless".

5 Opinion(s):

Piet said...

Maybe right but a bit superficial, would like more details from this expert.

Why wouldn't Canada also benefit from SA's demise?

Heronymous Bosh said...

Savouri is a Northern Cees Brugemans...What he has done here is simply number crunch the possible outcomes based on statistical, actuarial models and what do you know? Almost perfect consensus with Moeletsi Mbekis predictions...I'm Cees would concur, but for obvious reasons he won't....


Savvas Savouri is a graduate of the LSE, with bachelors (1987), Masters (1988) and Doctoral (1993) degrees in econometrics and mathematical economics. His collaborative work on labour market economics has been published in the Economic Journal, Economic Policy and elsewhere. Savvas has taught widely including lecturing in statistical modelling at Oxford University's Institute of Economics and Statistics.

Over recent years Savvas has headed quant teams at various investment banks and is now Chief Investment Officer of the Metriks funds at Toscafund where he is a partner. Toscafund is one of London's largest hedge funds.

Savvas is also partner of Bh2 the real estate advisory business. Bh2 accounts for over one third of commercial transactions across the City of London.

Piet said...

Thanks for the additional details.

mawm said...

Piet - Both Canada and Australia benefitted hugely from sanctions against SA. They were at the forefront of opposition to SA and its apartheid policies........and to this day, neither of them can hold their heads high because they are worse than SA ever was in their treatment of their indigenous peoples. Hypocrites.

Anonymous said...

Who benefits???
Certainly not you silly liberal whites who voted the anc into power........
Barclays Bank UK benefits with its controlling interest in ABSA.
The main brains in the anc benefit...its called pigs at the trough...just like George Orwells Animal Farm.