I think their demands are messing up my portfolio.Can never understand how workers can demand 100% increases when unemployment is running at about 40%.In China they would fire them all and hire the unemployed at half the wage!
- And now Malema calls for a nationwide strike. Hard to see any prosperous outcome for this country's economy, esp. the mining sector. Guess we can kiss new FDI goodbye and witness a weakening Rand. The sooner the Chinese take over and employ their ow
The danger is strikes spreading past the mining sector to other sectors of the economy. Somewhere a tipping point could be reached that would spook foreign investors. They would then leave faster than they ever came or would ever come back.
- Those numbers are mind blowing ! Frankly ,all considered ,the future is looking downright desperate. And just yesterday, Zuma uttered some [email protected] about the Anc's superb service delivery record. The tipping point is upon the country.
I bought on 5 Sept at 10210 as it broke out of its short term downtrend and the oscillators were coming off an oversold position.It was looking good for a move up to about 11200 and got to 10850 easily.Then came the strike! I agree not for long term,but obviously just to trade.