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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (850)	12/12/2001 5:23:07 PM
From: pater tenebrarum	Read Replies (2) of 39344

well, the ANC is a "broad church", let's put it that way. it DOES harbor some fairly radical groups (inter alia the SA Communist party, an unreconstructed Stalinist organization is part of it), but the leadership is very moderate and since the ANC is a VERY democratic institution (much more so than comparable political parties elsewhere in the world!) one can safely assume that it enjoys the support of its political base. of course there is some disillusionment in the population at large that the ANC was unable to work miracles. but there is also acknowledgement that much has been accomplished and that the country is on the right course. many black South African's believe that more needs to be done to remove the impediments to their aspirations that apartheid had erected. they are however also proud of the fact that South Africa has not become the basket case it was widely predicted to become "once the blacks rule". generally politics in SA is more interesting, and less staid than in most first world democracies. there is also still a fair amount of armed conflict in the Natal province between supporters of the ANC and its rival Inkatha. but these incidents are actually on the retreat, and elections are usually held without major hitches. political debate is lively within the country, and at times even comical from a first world perspective. but like i said, there appears to be little chance at this time that social upheaval will spiral out of control. at the time of the negotiations between the former apartheid govt. and the other political groupings there were some really dicey moments, for example the week following the assassination of former Umkhonto-we-sizwe ("the spear of the nation" - the ANC's former military arm) and Communist party leader Chris Hani, which saw widespread unrest , riots and what have you. or the infamous Inkatha demonstration in Jo'burg's inner city that resulted in 48 deaths after snipers began to fire into the crowd from adjacent roofs. destabilizing incidents of such magnitude are clearly a thing of the past.

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