For barry

[boing]

A while ago you mentioned Liberty PLC as a good rand hedge. You also mentioned that the local government cannot really get their hands on your funds. Does this apply even if you buy through a local broker like Standard Bank? Also, does this only apply to LBT or will it be the same for a company such as OML PLC?

[barry_1]

Hi Boing,Read the article in Finweek 15 Feb 2007.U might have to take out a subscription to retrieve from their archive.All dual listed with prime listings overseas should be safe.Vic de klerk was discussing Anglo shares with Monica Singer.I quote one paragraph.VIC;-its recorded by Strate that Anglo shares bought on the JSE for Rand would belong to SA.Theoretically,it would therefore be possible for a local government to seize the shares."No"says Monica" iwill press the button that will transfer these shares from SA or Strate register to the LSE"

[barry_1]

Then the following week both Finweek and Monica landed in hot water and of course said they would obey the laws of this country,but at no time did they change this basic fact!