So, while looking into all this Rand Refineries (RR) kak, I learned that ABSA at one time used to store the gold which it uses to back up its NewGold ETF with RR in Germiston. Then, in 2009 or thereabouts, the gold was moved to Brinks’ vault in London. RR said that they had “decided
A few weeks ago, Daniel Yanofsky published a piece in Quartz on South Africa’s import of $1,1 billion worth of gold from the USA. According to the piece, this was the reason our Q1 balance of trade had gone from hero to subzero in the blink of an eye. Like everyone else I shared this
Presented without comment: intelligent readers will be able to make their own minds up about what happened here. Note the datelines. Ivan Hewett’s piece for the BBC magazine vs. Brooks Spector’s piece for the Daily Maverick.
“Music is prophecy. Its style and economic organisation are ahead of the rest of society. It makes audible the new world that will gradually become visible.” – Jacques Attali, Noise “For the modes of music are never disturbed without unsettling of the most fundamental political and social conventions.” – Plato, Republic Here is an interesting graph: Which
Predictions for 2012 Jacob Zuma goes down to the river, and is reborn. He emerges stronger than ever and kicks butt from the Union Buildings to Manguang. The Zunami returns to see him triumph in having his second term endorsed significantly. Berlusconi’s plastic surgeon does tasteful things to Msholozi’s face. Malema discovers, through the City