South Africa’s Scandal-Hit State Firms Put Economy on ‘Cliff’s Edge’. Major companies veer toward bankruptcy, as rolling blackouts choke economic growth

Wall Street Journal ^ | December 31, 2019 | Alexandra Wexler

[SharpRightTurn]

Affirmative action meets the real world.

[LeonardFMason]

Put BLACK South Africans in charge already! Problem solved!

CNN

[1Old Pro]

Growing problems at South Africa’s state-owned enterprises

State owned enterprises, big government socialism, I think I've identified the problem.

[LRoggy]

Yes, but this also doesn’t count to the AOC’s of the world, who insist they will do better with state controlled means of production.

[kearnyirish2]

They are already working on the bailout - it is called the “Green New Deal”, and it transfers money from successful cultures/systems to dysfunctional sh!tholes.

There are no “white” countries among the recipients - including non-industrialized ones (which should be suffering from the same climate change as the former colonies reverting to their wild, undeveloped states).

[USAF1985]

Have friends from South Africa. They saw the writing on the wall and fled when Mandela was on the rise, and the government started to restrict travel out of the country to stop the wealth from fleeing. They abandoned everything except some clothes, food, water and Krugerrands, then sailed across the Atlantic in an extremely small sailboat. They rolled the boat three times in Atlantic storms, but finally made it to Florida. They haven’t regretted leaving one bit.

[ConservativeMind]

I got a big laugh out of South African politicians a few years back when they said they wanted to take all the land from private farmers and cash it out. The bankers had to describe how that would bankrupt the banks. The politicians didn’t understand that the banks actually owned the property and it was only worth the claimed value because the property could both be productive and be sold to someone who also thought it had value.

Socialists/communists are all stupid.

[Freee-dame]

What a waste of US Taxpayers money. A suite in another building should be sufficient for such a tiny country. Does the Ambassador get full Ambassador’s salary and perks?

[aquila48]

“This is what happens after Socialism takes over and “other peoples money” that has been built up by Capitalism runs out.”

I think you’re leaving a key ingredient out of your equation.

[bgill]

But, but blackouts are a good thing because they slow down climate change.

[blam]

So....how long before I'm called racist when I don't give them my money?

Some Democrat will introduce a bill that makes African Blacks eligible for American welfare.

[L,TOWM]

And up until about 2013, a suite in an office building in downtown Mbabane was the US Embassy. I only visited that office once.

Re-read my original post, ma’am... You may want to actually look at the Google satellite picture

There is a Mug & Bean (kind of like a South African Applebee’s) in the building just north of the embassy. If you are there during lunch or dinner hours, you will see a lot of US patrons there; people that work at the embassy. A high percentage of them are extremely fit men in their 20’s and 30’s that rarely keep their eyes pointed in one direction for more than two or three seconds.

Given that the embassy is not in the US, is a 5-6 hour flight from the mid-east, and the eSwatini government (that would be His Majesty Mswati III) doesn’t give a crap about what somebody does in his country if the price is right, you may want to connect a few dots. The embassy is NOT a waste of taxpayer money...