[Guymullins]

We Like Your Money, but We Don't Like You.
This is what Jacob Zuma told foreigners during his disrupted and chaotic State of the Nation address.
Barely a week after attending Davos, where he and his henchmen beseeched foreigners to bring their capital to South Africa, he tells these same foreigners that they are not allowed to own property in South Africa.
The most fundamental investment anyone can make in a country, is to buy property there, and this, as far as the ANC is concerned , is out of the question.
Perhaps the President should have re-phrased that, to say that Westerners are prohibited from buying property in South Africa. The Chinese however, who have just bought and are developing huge tracts of land in Modderfontein, and the Indian Guptas, who are doing the same in Saxonwold, seem excluded from this prohibition.
Does this ruling translate into a new direction where the BRICS are the flavor of the decade, superseding the old cronies who were so generous during the arms deal?
While it is certain that some Europeans are still totally open to a little incentivisation of government officials, the word has probably gone out that the deployed cadres cant be trusted to do their bit after the SANRAL fiasco.
Was the President advised that the Western Cape is the prime foreign investment location in the country? The world’s most attractive seaboard and the incomparable wine lands have for years been the second home to Europe’s wealthy. From the ANCs point of view, this high value is a poke in the eye, because they don’t, and won’t for a long time , rule in the Western Cape.
By denying foreign ownership, the ANC has in one foul swoop, devalued the Western Cape immensely. By cutting out the possibility of foreigners owning property there, the houses of Clifton and the farms of Franschhoek have lost their dollar and pound value and are back with the almost useless Rand.
As usual, the ANC has chosen the path of destruction rather than of building value. Their dog-in-the-manger attitude prevents them from building worth in the areas they rule. Rather, they prefer to destroy worth in areas where they don’t rule. Destructa Continua.
Another thing that will make foreign capital very unlikely to seek a home here, is the insistence that 2015 is the year of the Freedom Charter. This document, which has long ago been overtaken by history, stipulates the Stalinist seizure by the government of all forms of capital and the means of production.
Now it is entirely understandable that the ANC believe their electorate is stupid, having ensured that their education is of the toy-toy sort, but to presume the same of foreigners bearing capital, is a blatant act of the deepest stupidity itself.
Who, in their right mind, would say to themselves? ”Self, this guy seems pretty genuine. He would like us to come to his country and spend billions prospecting and mining and building factories on land we cant own. He will then, according to the Communist authored Charter he is touting, take it all away from us whenever he likes? That seems like a good deal. Bring me my cheque book.”
Someone, please give the President a clue.