SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (850)12/12/2001 2:48:43 PM
From: Claude Cormier  Read Replies (1) | Respond to of 39344
 
Russ,

I assume you read last week evaluation of Great Basin Ivanhoe project. This shows again how this market is sick.



To: russwinter who wrote (850)12/12/2001 5:23:07 PM
From: pater tenebrarum  Read Replies (2) | Respond to 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.



To: russwinter who wrote (850)12/12/2001 5:42:12 PM
From: marynell  Read Replies (1) | Respond to of 39344
 
<doomsayers insisted that SA would fall apart>

South Africa would collapse without international aid and assistance. As it is, there will be no collapse, just an inxorable steady decline into the depths of African barbarism. It took Rhodesia (Zimbabwe) twenty years to reach its current low level, and that is about right for South Africa.