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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.07-0.1%Nov 6 4:00 PM EST

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To: TobagoJack who wrote (37653)7/28/2008 9:08:01 AM
From: elmatador  Read Replies (1) of 217561
 
CONFISCATION ALERT! South Africa's government is pushing companies to sell stakes to black investors to compensate for discrimination under apartheid, which ended in 1994.

bloomberg.com

That's what I call confiscation. That is: selling shares at a discount!!

And that's why MTN is trying to get out of South Africa and get in bed with anyone they could find. The Indians are no longer an option. MTN is now looking to Mexico!!

VODACOM just sold:

Vodacom may sell shares worth 360 million rand ($47.7 million) to black investors, which will include employees, at a 10 percent discount,

bloomberg.com

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