Thursday, June 13, 2024

Government, not DeBeers, impedes wealth creation for ordinary people

The president is on a weird ‘victory’ lap to mark the conclusion of the De Beers sales agreement. The weirdness stems from the fact that if indeed the government  was overwhelmingly successful, as it claims it did in its negotiations  with the mining giant, the president’s utterances  have to the contrary,  been anything but jovial.

Humans are wired in such a way that whenever they score a major victory in a sports competition or post massive profits in their business, they celebrate. It’s human nature.  They do so because it is an occasion for positivity and radiance. However, following the deal, we have not seen that in the president’s outings so far.  All we have bombarded with in the place of joy, is a head of state hurling a litany of insults at his De Beers partners. He is so fixated in his anti-De Beers crusade that if no one told you , you would not even know that his own government holds a 15% stake in the mining company.  

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