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South Africa near total collapse under black rule.


CofCC.org News Team

The rape and murder capital of the world can no longer keep the lights on.

From the Sunday Herald…

Newly elected African National Congress (ANC) leader Jacob Zuma, the state president-in-waiting, narrowly escaped being jailed for raping an HIV-positive woman last year, and faces trial later this year for soliciting and accepting bribes in connection with South Africa’s shady multi-billion-pound arms deal with British, German and French weapons manufacturers.

One local newspaper columnist suggests that Zuma has done for South Africa’s international image what Borat has done for Kazakhstan. ANC leaders in 2008 still speak in the spiritually dead jargon they learned in exile in pre-1989 Moscow, East Berlin and Sofia while promiscuously embracing capitalist icons – Mercedes 4x4s, Hugo Boss suits, Bruno Magli shoes and Louis Vuitton bags which they swing, packed with money passed to them under countless tables – as they wing their way to their houses in the south of France.

It all adds up to a hydra-headed crisis of huge proportions – a perfect storm as the Rainbow Nation slides off the end of the rainbow and descends in the direction of the massed ranks of failed African states. Eskom has warned foreign investors with millions to sink into big industrial and mining projects: we don’t want you here until at least 2013, when new power stations will be built.

In the first month of this year, the rand fell 12% against the world’s major currencies and foreign investors sold off more than £600 million worth of South African stocks, the biggest sell-off for more than seven years.

“There will be further outflows this month, because there won’t be any news that will convince investors the local growth picture is going to change for the better,” said Rudi van der Merwe, a fund manager at South Africa’s Standard Bank.

Commenting on the massive power cuts, Trevor Gaunt, professor of electrical engineering at the University of Cape Town, who warned the government eight years ago of the impending crisis, said: “The damage is huge, and now South Africa looks just like the rest of Africa. Maybe it will take 20 years to recover.”


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