Xenophobic Attacks in South Africa

[Dave A]

Here in Nigeria, our wealth is skewed towards less than 1% of the people.

What is the demographic profile of that 1%, Donmeca?

And what is their strategic advantage that has led to this economic dominance?

[Blurock]

I smell Communism...We prosper together and fail together...

Exactly. You only need to look at the labour movement where the communists have an unproportional influence. There is not one country on the world where communism has led to an improvement of standards or living conditions. A balance between raw capitalism and socialism appears to be the best solution. An example is the Nordic countries (Norway & Sweden) where the wage gap is much smaller than in the rest of the world. A CEO would for example earn only 3 - 4 times more than a worker, compared to 10 - 20 times in other parts of the world. But then their workers are highly skilled and much, much more productive.

[Phil Cooper]

I think that a LOT of the Xenophobia is actually criminally based. THey want to steal because they have no food, etc., - but if a Zulu steals from a Xhosa (or vice versa, etc.), the other members of the "attackee's" tribe will support him and all hell will break loose.

Go for the foreigners - they have litte, or no, support.

Schooling was restricted until end of Apartheid? Who is currently refusing to allow their OWN children to go to school as a protest against poor roads in the area? Why do around 30% - 35% or more of children who start out in Grade 1 drop out by Grade 12 - Matric?

[Donmeca]

What is the demographic profile of that 1%, Donmeca?

And what is their strategic advantage that has led to this economic dominance?

If I get your drift, please note that Nigeria has about 170m human beings (1% is about 1.7m persons) They owners of the economy are even less than this figure. We are lucky here that our differences are not colour-based. We are all black but our divisions are ethnic-based...tribal. In answering you, these people are spread across the ethnic nationalities in Nigeria but they all also belong to the political ruling class. They become kingmakers...setting up govts who in turn help make policies to favour the kingmakers and give them inflated contracts without following due process.

On strategic advantage: Many start well and small and some are still quite honest and good at discovering opportunities and taking them. Others and most, rely on govt policies and tend to have exclusiveness in contracts they sign in before investing in any sector. MONOPOLY fills their pockets.

Multichoice is in Nigeria and is the only one allowed to air the EPL, CNN and co in Nigeria...the monopoly allows them to inflate DSTV rates and to insist on not implementing pay-per-view services. That's the Nigerian situation.

[IanF]

Donmeca Dstv is just about as bad here,
"the monopoly allows them to inflate DSTV rates and to insist on not implementing pay-per-view services. That's the Nigerian situation."
and the SA situation. I have dropped dstv and watch netflix.
There are other satellite operators but are not highly recommended.

[Pap_sak]

If I get your drift, please note that Nigeria has about 170m human beings (1% is about 1.7m persons) They owners of the economy are even less than this figure. We are lucky here that our differences are not colour-based. We are all black but our divisions are ethnic-based...tribal. In answering you, these people are spread across the ethnic nationalities in Nigeria but they all also belong to the political ruling class. They become kingmakers...setting up govts who in turn help make policies to favour the kingmakers and give them inflated contracts without following due process.

On strategic advantage: Many start well and small and some are still quite honest and good at discovering opportunities and taking them. Others and most, rely on govt policies and tend to have exclusiveness in contracts they sign in before investing in any sector. MONOPOLY fills their pockets.

Multichoice is in Nigeria and is the only one allowed to air the EPL, CNN and co in Nigeria...the monopoly allows them to inflate DSTV rates and to insist on not implementing pay-per-view services. That's the Nigerian situation.

Actually I find DSTV also fairly racist (to be fair, just making as much money as possible) - but for MY agenda, I'll call them racist. Football lovers just need to buy the Compact package - around R300 - to watch football. Rugby lovers need to buy the Premium package - R700, to watch a bit of rugby.

Thank goodness for unlimited ADSL - and of course, bought a few NPN shares. Companies that I find are utter bastards are often good at making money - MTN and VOD also come to mind.

[cyppokagain]

No idea what DSTV (digital satelite tv?) is to be honest. In US there is a big cultural divide north/south and gun control issues are different as well.

NYC is probably 50%+ immigrant if you count 2nd generation it probably goes far far far higher.

http://www.huffingtonpost.com/2013/12/19/new-york-city-immigrants_n_4475197.html

http://quickfacts.census.gov/qfd/states/36/3651000.html

I know it says 37% on the census but I do not think it is accurate.

Most of the time I think things happen because of a have and have not mentality. Some people are find doing without but a lot of times things occur because of opportunity and the ideological pressure here driving people for consumer items glorification it is like social engineering with people measuring what kind of sneakers they have vis a vis each other in school. I think it gets a bit wittled down later in life.

lately I spent a lot more reading about Ukraine/Russia and whatnot. I think the investment climate in SA is basically dead until they reverse policies in regards to equal treatment under the law, or exempt investors from certain countries *ahem*. The problem I think from a social point of view will be how to come to grips with reversing the policies and re-assuring the investors that they won't change 5 years hence and they get skrwd.

http://www.fin24.com/Economy/Phosa-slates-BEE-policy-20150918

the realization they are coming around to is that once commodity operating revenues fall below a certain threshold no amount of sharing or caring matters, what does matter is return on capital and that won't come unless that is meaningful enough to recoup itself in a very short time frame say 2-3 years. However this is all about projects that could be restarted or done with capital without going from scratch.