The Doldrum in Platinum – Part II

This is the second article in a three part series. Our focus in this article will be on the state of South Africa and its currency.

South Africa – on the verge of being a failed state

As a primer, we encourage you to read the following two articles to truly appreciate the current state of affairs in South Africa:

  1. A fascinating piece written by Mr. Michael Fridjhon, titled: South Africa: The Rambo Nation.
    • Given the rate at which things are falling apart, it’s evident we are running out of time. Forget about downgrades, #GuptaLeaks and elective conferences. If we don’t address what is happening, it’s only a matter of time before the kind of widespread looting which follows a natural disaster will become a norm. If the law cannot hold, lawlessness followed by martial law (replete with its own abuses) is what awaits us – and it’s just around the corner.

  2. A brilliant piece in today’s Financial Times, written by David Pilling, titled: How corruption became ‘state capture’ in South Africa.
    • The National Prosecution Authority, headed by Shaun Abrahams, a Zuma appointee, has denied suggestions that it prosecutes selectively. Mr Zuma, for one, has been a beneficiary of the office’s busy workload. So far, he has avoided prosecution on no fewer than 783 pending charges of fraud and graft.

Please click here to read the article.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: