Das neue Südafrika

Lucky, die Devisenbeschraenkungen fuer permanent residents und Citizen sind zwar erleichtert worden jedoch bestehen sie immer noch.
Manche Betraege sind erhoeht worden pro Jahr wie Reisegeld z.B.
Frag mich nicht wie viel man ueberweisen oder ausfuehren darf.
Ich arbeite hier von aussen nach innen und juckt mich erst wenn ich den Verkaufserloes meiner Immobilien ausfuehren will, falls ich die verkaufen kann.
Die Immobilien Blase platzt nun auch hier.
Die Schwarzen warten geduldig das die Haueser bald frei werden und sie natuerlich gratis erhalten !

Zitat

Original von LuckyFriday
Eldo, ich weiss ja nicht, kannst nur du wissen, aber vielleicht solltest du Monat für Monat etwas im erlaubten Rahmen ausführen.
Lucky

Das mache ich taeglich, Lucky .... my way !

Was hier noch ist, kann ich eventuell genauso abschreiben wie den Brett Kebble. :D.... das Hippo, sowie Swanepoel von Harmony.

Und das waren oder sind weisse Suedaffen die meine Rand schon ins Ausland gebracht haben.

Hier gibt es viele Gangster, Lucky.

Dafuer gibt es frische Luft und viel Wind, schoene Landschaft aber boede Leute die hier nicht viel Spass haben bei dem multi -culti chaos.

Trotzdem bin ich lieber hier als im konservativen Deutschland und verheiratet mit Angela.

Freedom und Sonne ist wichtiger als Devisenkontrollen.

Ihr habt mehr Kontrollen und Big Brothers als wir hier.

Weniger Luft zum atmen, meistens kalte Luft.

Bei uns ist Lubumba der neue Chef

.. was nicht nur auf den gestiegenen Rand zurückzuführen ist.

======================
Gold mining under pressure

Fri, 12 May 2006

The latest mining production figures once again reveal the fundamental problems facing gold producers in South Africa.

The volume of gold production in March is now at around two-thirds of levels seen in 2000, and is 9.3 percent lower than the volumes produced in March 2005. Furthermore, seasonally adjusted volumes in the first quarter of 2006 are 3.1 percent lower than the fourth quarter.

Rand strength

The strength of the rand has certainly squeezed margins in the industry over the past number of years causing closure of marginal mining operations, however the effects of a strong rand have surely been mitigated significantly with the ascending dollar price of gold in recent months.

This surely points to more fundamental industry problems that go beyond merely a strong currency, a sentiment that is confirmed by the fact the ore is becoming more and more difficult to mine at the margin.

Soaring prices

Nevertheless mining houses must be pleased with the escalating value of gold sales on the back of soaring commodity prices in 2006, despite ongoing rand strength.

Sales of gold increased by 41.0 percent year-on-year in February, rising from R1.57-billion in February 2005 to R2.21-billion in February 2006. Higher gold prices are likely to provide incentive to miners to increase production, which would require reopening discontinued shafts and even closed mines, hiring more labour and investing in technologies to mine deeper.

This is not an overnight process and it would likely be six to 12 months before increasing production is seen.

The stars of non-gold production in March were the platinum group metals, which saw a seasonally adjusted increase in volumes of 22.8 percent from February.

The massive increases in prices of these metals over the past 18 months mean that, similarly to gold, although production is down somewhat from February 2005, the value of sales in February 2006 is nearly 50 percent higher, rising to R3.84-billion from R2.57-billion.

The increasing trade deficit in the face of a healthy improvement in South Africa's terms of trade arising from the commodity price boom and the strong rand gives a stark indication of mining's declining role in South Africa's economy.

=======================

Gold ist in Südafrika nicht unerschöpflich vorhanden. Geringere Minenproduktion bedeutet stetig steigender Goldpreis für die Zukunft. Physisch schlägt (Gold)-Minenaktien!!!

Südafrikas Goldproduktion lag 1970 noch bei 1000 Tonnen p.a.!!! ... und jetzt nur noch bei knapp 300 Tonnen für 2005. Wold Gold Council oder auch GFMS führen dies auf geringere technische Ausrüstung zurück. 700 Tonnen Geringere Minenproduktion als in 1970 können nicht nur technischer Rückstand sein, sondern fehlende Vorkommen.

Ein Auslaender kommt zum Golfspielen nach Fancourt in Suedafrika.

Er fragt nach einen Caddy,der Mann im Golfshop sagt ihm sie haetten auch ganz neue Roboter von Taiwan die besser sind als alle Caddy am Platz.
Man kann jede Frage stellen, sie finden die Baelle immer und sind gleichzeitig Golflehrer die selbst Profis noch etwas beibringen.
Der Mann bucht einen und ist begeistert, bedankt sich nach dem Spiel weil er noch zusaetzlich viel ueber das Land erfahren hat.

Ein paar Monate spaeter kommt er mit Freunden wieder nach RSA und will ihnen die Roboter zeigen was die koennen.
Er fragt im selben Golfshop nach ihnen und bekommt die Aussage das sie nicht mehr zu Verfuegung stehen.

Der Mann fragt warum, er sagt die Roboter waren in einer Silberlegierung und die stoerte viele da sie in der prallen Sonne wie ein Spiegel wirkten und viele andere in die Augen blitzen beim Abschlag.

So wurden sie schwarz angemalt aber am naechten Tag kamen sie nicht mehr zur Arbeit, deshalb gibt es keine mehr in Fancourt.

Sollte eigentlich in den Witze thread, aber wenn wir gerade bei Roboter sind lege ich den hier rein.

Lucky, wer soll die Roboter warten, die werden eher kaputt gemacht von den Gewerkschaften die ihre arbeitslosen weiter arbeiten lassen wollen.

Gruss

Eldo

http://www.gold-eagle.com/editorials_05/roffey051506.html

FATAL EXTRACTION

Hedging and Political Risk

(Comparison of world’s top 15 gold miners)

Investment Indicators from Peter George

Friday, May 12, 2005

SUMMARY

S.2 THE FATAL ATTRACTION OF GOLD

The phrase ‘Fatal Attraction’ harks back to a film of that name released in ‘87. It told of how a man’s ‘one night stand’ came back to haunt him. A viewer described it as:

“A fantastic journey of lust and its consequences”

The writer constructs a play on words to mimic the ‘fatal’ parallels which exist between man’s vulnerability to the attractions of woman, and his similar age-old proclivity for gold. It is no accident that when God first created man and placed him in the Garden of Eden, he planted him in close proximity to a rich deposit of gold. That happened before he met Eve. The excitement of the search for both has continued ever since, but focus in this article is on the quest for gold. Where is it found, and what are the attendant risks? How do we choose between ‘GOOD GOLD’ and ‘BAD’? Which host countries are friendly? Which are not and pose a risk? Which producers believe in the metal’s role as money and hope for the price to rise? Which have suffered fatal wounds through the practice of ‘hedging’ and will die if gold takes off? This article endeavors to separate the sheep from the goats. In the area of ‘political risk’ it will seek to lay down some principles and illustrate foolish errors.

S.4 FROM ATTRACTION TO EXTRACTION

It is the innate, God-given value of gold, which simultaneously imbues the metal with a FATAL ATTRACTION. Men desire it. They wish to hold it, touch it, store it - give it as tokens of affection to wives and girlfriends. Since its first discovery gold’s scarcity and natural beauty ensured there was always demand. This gave opportunity to others – to beg, borrow, steal and find it– with the intention of sourcing and selling it to others. Entrepreneurs prepared to mine it, would locate it in sites all over the world. Then, where possible, they would make long term plans to EXTRACT it and sell it for a PROFIT.

This article focuses on COUNTRIES of EXTRACTION – past present and future. It highlights trends in world production, to determine from whence that gold might come. More important, it attempts to provide some rating guidelines for assessing the risks and rewards of mining in different countries. Which of them offers the best all-round environment for prospective miners? Many carry substantial political risk. It is often the case that the easiest gold to extract is fraught with the greatest dangers. To use an old ‘colonial’ expression ‘the natives in far off lands occasionally grow restless’. When it happens, the process of extraction gets interrupted. Equipment is destroyed. Camps are overrun. Workers are killed. Entire operations are subjected to expropriation. Taxes are raised. ‘Royalties’ are demanded. Outside ‘partners’ are imposed without capital and so much as a ‘by your leave’. In times such as these it’s sometimes preferable to abandon ship and seek better climes.

In the lust to discover and mine at any cost, the concept of RISK is thus frequently ignored and overlooked. The large international miner is often his own worst enemy. The increasing difficulty of replacing a ‘wasting asset’ drives him to take foolish risks. American-based gold companies are increasingly the most frequent victims. In days gone by they were able to rely on the powerful reach of ‘Pax Americana’. The strong arm of US military intervention, was always there should things go wrong. Today there is a growing coterie of despotic nations blessed with promising deposits of valuable minerals – gold, oil and gas - whose governments hate and despise American power and influence. They are ready to defy US diplomatic pressure at the drop of a hat. Names like Iran, Venezuela, Peru, Uzbekistan, Indonesia, Papua New Guinea - even Russia - all readily spring to mind. The exception might be China. She herself is voraciously on the hunt for resources of her own, most notably in Africa. She needs to behave. Others - as we will discover – are fickle and have temporary favorites.

Study a list of the world’s top country producers of gold. Once past South Africa, the US, Australia, and Canada, they consist in the main of despotic nations one and all. In recent months the intransigent actions and public posturing of Venezuela, Bolivia and Iran on the oil, gas and nuclear fronts, incite those like Peru, Uzbekistan, Indonesia and the rest, to similar unilateral behavior when it comes to licensing the mining of other resources, particularly gold. A rising tide of chaotic and illegal behavior is collectively threatening to destroy the confidence of international corporations. In due course – if they are sensible – they will eliminate the countries concerned from their respective investment radar screens. On the other hand, there are certain countries which proactively do it for you. We will consider the implications for foreign investors wishing to pick winners from a very disparate bunch.

It is the purpose of this report to highlight recent incidents in certain countries with a view to alerting investors to future trends. Many blithely assume that if a stock is listed on a major international exchange – particularly London or America – that production is secure and subject to the same oversight as the country of listing. The truth can be quite different. The financial future of major corporations often rests disproportionately in the hands of despotic rulers whose future actions are unpredictable – and for whom the ‘rule of law’ is a distant stranger.

Even favorite host countries like South Africa, the US and Australia, are capable of delivering nasty shocks when it comes to the increasing influence of environmentalists and concepts like ‘black empowerment’. None is perfect. There is however one tiny nation which stands head and shoulders above the rest. It represents a model of good behavior in its attitude towards foreign investors. That country is Singapore. One can use some of the lessons they have learned and the standards they have established to judge the rest by way of comparison. At the end one can look to pick one or two winners. Hopefully they will come from countries where the unexpected is limited, futures are bright, and prospects of rising supplies of are relatively secure.

1. GOLD: A POTTED HISTORY OF PRODUCTION

Back in 1845 world gold production was nominal. By 1880 there was a minor gold rush. Six years later George Harrison discovered the ‘Main Reef Leader’ at Langlaagte, on the border of what later became known as ‘Johannesburg’, slap bang in the centre of South Africa. He had found the Great Witwatersrand Gold Basin. Eventually it would lead to the opening of seven major goldfields and two minor ones - nine in total. To date the basin has yielded in excess of 50,000 tons – a third of all the gold produced since the beginning of time. Harrison’s friend and associate Fred Struben prophetically sketched the significance of the find in a letter to his brother’s wife.

“This new discovery means the commencement of a very large goldfield and will give work not only for a few machines but for hundreds of thousands of miners. There are, I believe, innumerable similar veins about to the south of this and extending for miles in each direction. If this should turn out as I think, I wonder if the world will ever give me credit for no little trouble and thought to discover all this or will it merely call it luck. My idea it will be the latter.”

He was wrong. Today the world does acknowledge his vision and prescience – more particularly the role he played in encouraging his friends to hope for the best.

By 1986, 100 years down the line, the number of men employed on South African mines reached an all time high of 534,255. Struben had been right. Today, twenty years later in 2006, and thanks to the gold suppression efforts of the likes of British Chancellor of the Exchequer Gordon Brown, the figure has shrunk to a miserable 130,000. Yet a recent front page headline showed Brown smiling and shaking hands with South Africa’s ex-President, Nelson Mandela, basking hypocritically in misplaced adulation – “UK to give $15billion to help educate world’s poor”. Nearly seven years ago – on May 7, 1999 to be exact - it was the same Gordon Brown who publicly announced a brazen plan to dump more than half Britain’s gold stock in a thinly disguised scheme to smash the price below $300. A month later it bottomed at $253. The purpose of his country’s destructive intervention was to protect central bank FIAT currencies by rendering monetary gold ‘unattractive’. Greenspan was undoubtedly urging him on.

Today, with Brent oil prices holding above $70 a barrel – up 75% from 1980 highs of $40 – gold should be over $1500. A year ago it was less than a THIRD of that level. With friends like Gordon Brown, the gold producers of Africa don’t need enemies. The current price of $635 is still only a pale reflection of where it ought to be. Remember this as we review the history of South Africa’s gold production from 1970 to the present. The damage caused by the actions of central banks has been considerable. By the same token, one should not underestimate the ‘bounce back’ potential as prices recover towards where they ought to be. This aspect will be discussed later.

1970 was the year South African gold production hit an all-time high of 1,000 tons. At that stage the world total was 1,484 tons. South Africa’s share was an overwhelming 67%. From then until the present the nation’s contribution has fallen significantly, both in absolute terms and as a percent of an expanding world total.

The past is reviewed in a series of five-year stages. Note the sudden appearance of major new producers as one approaches the new millennium. Some are challenging South Africa. Next year one or two may temporarily surpass her. For reasons given later, it is doubtful whether South Africa will take second place for long. A potted history brings one up to date.

NB: What is striking about the above list is the extent to which South Africa has slipped from its role of outright leadership and is in apparent danger of being overtaken. Is her demise permanent or simply a function of what happens to the world’s highest cost producer during a time of major gold price suppression?

1.9 CAN SOUTH AFRICA REGAIN TRACTION AS GOLD RECOVERS?

As the gold price lifts off into the stratosphere, and margins are restored to the high-cost deep-level mines of South Africa, can the industry experience a major revival? Most of the majors doubt it and are going elsewhere. The writer disagrees and shares the optimism expressed by the Chairman of newly-listed Wits Gold, Adam Fleming (JSE code: WGR). Chairman of Harmony from 1999 to 2003, Fleming resigned to set up an exploration company. Last week he obtained a sought after listing on the Gold Mining sector of the Johannesburg Stock Exchange. To the chagrin and surprise of skeptical financial journalists, the shares registered a new high of R70 a share on their second day of listing. With 25m shares in issue it gave the upstart newcomer a market capitalization of R1,75billion!

Three years ago Fleming set out to pick up all the deep-level down-dip ground he was able. He focused on the ‘Potchefstroom Gap’ and areas adjoining famous old timers in the Southern Free State and Klerksdorp. Wits Gold owns six prospecting licenses for exploration targets previously owned by Harmony Gold, Gold Fields, and AngloGold Ashanti. The latter all have right of first refusal to repurchase up to 40% of any prospect proved economic and previously owned.

The group claims to have a total resource of 142m ozs of gold, registered by respected consultants Snowden Mining. Although much of the ounces are at depths up to 3,500 meters and over, some 25m ozs are either shallow or of high grade – up to 14gms per ton. The total resource is equivalent to almost 4,500 tons of gold.

Fleming’s confidence is unstinting:

“I think we’re in the foothills of a major gold run....It’s inconceivable to me that the majors won’t have to come back to the Wits to find gold again....an area that has supplied one in three ounces of all gold ever mined...Between eight and nine million ounces of gold has to be found every year by Newmont Mining to keep its reserves stable.”

That’s only Newmont. What about all the rest? Fleming was also supportive of South Africa’s latest minerals legislation which effectively says: “Use it or lose it.” Fleming states:

“If it wasn’t for the Minerals Bill, our gold and uranium reserves would still be sitting in a dusty filing cabinet.”

If that’s how confident Fleming is regarding gold at depth, imagine the excitement if substantial deposits can be recovered at levels far shallower. The writer will comment on these prospects later.

2.0 ‘TOP 15’ CORPORATE GOLD PRODUCERS

The writer is again indebted here to Gold Fields Minerals Services latest report. This is the list one turns to first when endeavoring to select a ‘long-haul’ winner or two for the next five years. The writer will apply two selection criteria in an effort to eliminate those producers considered least likely to offer safe and acceptable returns. The process will begin by addressing the issue of hedging. Having first demonstrated its dangers in the case of a major, the writer will analyze the risk to each of the culprits.

Posted to the web on: 16 May 2006
Rand dives as emerging markets take pounding
Ayanda Shezi
--------------------------------------------------------------------------------

Economics Correspondent

THE rand slid to five-month lows against the dollar yesterday, dragged down by international investors’ rapidly cooling sentiment towards emerging markets, which also saw the JSE fall more than 3%. The rand lost as much as 3,2%, to R6,50 to the dollar, its lowest level since December.

Analysts said yesterday rand weakness was not expected to last long, as the currency was likely to recover on the back of strong precious metals prices.

However, volatility in the currency markets is expected throughout the week.

Finance Minister Trevor Manuel, speaking yesterday at the African Development Bank’s annual meeting in Ouagadougou, Burkina Faso, warned that fluctuations in commodity prices were a “potential source of volatility”.

“I’m not a harbinger of doom, but I think you’re going to see these types of incidents,” he said.

“There is no cause for skittishness,” Manuel said. “Our economic fundamentals are sound.”

The rand sell-off was sparked by the US Fed’s decision to increase interest rates last week, prompting investors to plough their money into dollar-denominated assets, analysts said.

The fall in the rand is not good news for SA’s inflation outlook, given the volatility in oil prices.

Analysts said the sell-off was likely to be temporary as fundamentals supported a weaker dollar and higher commodity prices.

“At this stage, rand weakness is attributable to short-term factors, but could reach R6,60-R6,70 against the dollar before reversing back to the R6 level,” said Absa treasury economist Chris Hart.

The local currency also fell sharply against the euro (2,5%) and pound (2,3%), ending the day at R8,30 and R12,12 against the two currencies, respectively.

Rennies Bank’s Lee Naisbitt said emerging markets with high current account deficits, such as Turkey and SA, were vulnerable to a change in sentiment.

Investor aversion to emerging market assets might make it harder for these countries to finance their current account deficits.

“This would explain why the rand has failed to respond to the impressive performance of commodity prices, precious metals in particular, and could weigh on the currency through the week ahead,” Naisbitt said.

“Emerging market fears raised the general level of risk aversion, and sentiment towards the rand soured.”

SA’s current account deficit on the balance of payments widened to 4,2% of gross domestic product (GDP) last year, and although capital inflows into the country rose to a record last year, there are worries that SA may not be able to attract a similar amount this year.

“Market participants are also pointing fingers at the host of corporate deals that are taking place, where local companies are looking to expand offshore through acquisitions,” said Naisbitt.

The Turkish lira, Indonesia’s rupiah and the Brazilian real were among currencies affected in the emerging market sell-off, sending equity markets in those countries into turmoil.

“Price movements in the local currency are unlikely to go unnoticed by monetary authorities, who remain vigilant for factors which undermine the inflation target,” Brait economist Colen Garrow said. “Any protracted period of currency weakness may be met by more than moral suasion.”

The Reserve Bank has said monetary policy bias is towards an increase in rates, rather than a cut.

The JSE followed global equity markets down yesterday, with the all share index dropping 3% to 21084. Gold and platinum shares together lost almost 8%.

Claims by the Saudi Arabian oil minister that the Organisation of Petroleum Exporting Countries (Opec) was increasing capacity enough to meet demand also helped push prices lower.

Yesterday, Brent crude was 2,5 % lower, at $70,50 a barrel. Markets are expected to open softer today.
With Bloomberg

Quelle: http://www.businessday.co.za/a…tories.aspx?ID=BD4A200502

Zitat

Original von Eldorado
[URL]http://www.gold-eagle.com/editorials_05/roffey051506.html[/URL

So wird man zum "Foren Gott"?!? Cut and Paste von Artikeln die im Internet herumschwirren ohne auch nur eine Zeile eigenen Komentares hinzuzufügen. Wie wäre es die Artikel für andere auch mal ins Deutsche zu übersetzen?

Sicher Sahara Fox, ich setzte mich hin und uebersetze nun alles.
Um sechs Uhr frueh trinke ich lieber einen Kaffee.
Geh doch in einen Englischkurs sage ich Dir.
Manchmal geht es nicht anders und damit musst du leben.
Komisch im Rohoil thread verstehst aber Englisch.
Uebersetzte doch du den Artikel.
Ich schreibe genuegend meine Kommentare, wie ware es mit dem?:

Rede mich hier nicht schwach an !

Pfirty

Zitat

Original von Eldorado
Sicher Sahara Fox, ich setzte mich hin und uebersetze nun alles.
Um sechs Uhr frueh trinke ich lieber einen Kaffee.
Geh doch in einen Englischkurs sage ich Dir.
Manchmal geht es nicht anders und damit musst du leben.
Komisch im Rohoil thread verstehst aber Englisch.
Uebersetzte doch du den Artikel.
Ich schreibe genuegend meine Kommentare, wie ware es mit dem?:

Rede mich hier nicht schwach an !
Pfirty

Alles anzeigen

Komisch, dafür musste der Thread 10 mal geändert werden um nach jeder Änderung den Ton zu verschärfen und beliedigender zu werden.

Ich habe nichts dagegen auf interessante Artikel aufmerksam zu machen, ich gehe sogar davon aus, dass die überwiegende Zahl der Teilnehmer dieses Forums Englisch können (jedoch nicht alle perfekt). Es ist nicht nötig ganze Artikel per Copy 'n Paste das Forum vollzustopfen und keine Meinung zu einem geposteten Artikel zu haben. Ein Link reicht, auch Artikelauszüge "Bold" markiert mit anschließendem Kommentar ist sicher hilfreicher für alle Leser.

Hier ein Beispiel deines geposteten Artikels von Gold-Action auf gold-eagle.com :

Zitat

The Rand price of gold has always been a key factor in my gold analysis. I believe that it is into its long term fifth and final leg of a huge bull market. It has already smashed well above the previous 2001 high but there are no signs of any sell divergences. In addition the RSI is not yet at the total danger level of previous bull market peaks. I have always looked for a R5400 an ounce price that translates to R175000 rand a kilo. BUT my total upside target for this data is to R8400 an ounce in the years to come. At this point of time even a price close to R5000 an ounce will set these gold shares rocketing.

Zitat

Übersetzung von saharadesertfox

Der Goldpreis in Rand ist schon immer eine Schlüsselfaktor meine Analysen gewesen. Ich bin der Meinung das der Preis in der fünften und längsten Phase des Aufschwunges ist. Der Preis ist bereits über seinem letzten Hoch von 2001 und Anzeichen der Abschwächung sind nicht erkennbar. Zusätzlich reicht der RSI nicht an die Höchststände der letzten Bullen-Phasen heran. Ich habe schon immer auf einen R5400/Unze Preisniveau geachtet. JEDOCH liegt meine Zielmarke bei R8400/Unze. Selbst das Preisniveau von R5000/Unze werden die Goldaktien in die Höhe schießen.

Mein Kommentar:
"An der Börse werden keine Wertpapiere, sondern Meinungen gehandelt." - Börsenweisheit

saharadesertfox

Besser editieren als ona... Klick nun bloss nicht auf die Oma !.

Egal was man macht, es gibt halt immer einen, der einem Vorschriften machen will, wie man es machen soll. Oder meist sogar nur, wie man es nicht machen soll. Oder dass man es gar nicht machen soll. Also macht man es am Besten so, wie man es machen will. Unabhängig davon, wie man es machen soll.

@ all

Moin moin.

Auch ich gehöre zu der Fraktion, die lediglich auf das vor Jahrzehnten mühsam angeeignete Schulenglisch zurückgreifen kann.
Natürlich sind mir deutsche oder ins Deutsche übersetzte Texte willkommen.
Dennoch bin ich der Meinung, dass man die Mühe oder den Aufwand den viele Forenteilnehmer hier betreiben, um anderen Informationen zur Verfügung zu stellen, honorieren sollte.
Allein der zeitliche Faktor ließe es mir z.B. nicht zu, mich dementsprechend durch den Info-Wald zu wühlen, um die wichtigen und auch richtigen Informationen herauszufiltern.

Deshalb bin ich sehr dankbar über die hier bereitgestellten Statements, Einschätzungen und Informationen.

Also, Eldo & Co.(Co = stellvertretend für alle), macht einfach weiter so wie gehabt.

Grüße

Thanks, du verstehst das besser als ""Silberfuchs""
Ich habe auch nur zwei Haende, sonst wuerde ich beim Zirkus arbeiten.
Jetzt mache ich eine Pause, nach der letzten Attacke gegen Gold und Silber sowie deren Aktien.

Gruss von Kapstadt

XEX

SA's mines have felt the first bite of Cosatu's national one-day strike on Thursday as hundreds of thousands of workers stayed away to protest against continued job losses.

The National Union of Mineworkers on Wednesday called on its 300 000-strong membership base to join the Congress of South African Trade Unions' call for mass action against unemployment and poverty.

Harmony Gold Mining Company reported early on Thursday that it expects up to 60% of its workforce to support the strike.

The mine expected quite a loss from the strike, but spokesperson Philip Kotze could not yet comment on the financial implications.

The 1.7 million-strong Cosatu expects disruptions to be caused across all sectors of the economy as it demands the creation of decent, well-paid and secure jobs on a massive scale.

In other strike news, the SA Transport and Allied Workers Union on Wednesday said the security guards strike - which has been marred by violence - is likely to carry on for "a hell of a long time" if employers are not willing to talk.

A nationwide strike on Thursday could have cost the economy over R2bn and defeated the core purpose of the protest, economists and business said.

Economist Richard Downing said he could not see how the strike would alleviate poverty and unemployment.

Officially South Africa had an unemployment rate of about 26%. The unofficial figure was closer to 42%.

He added that the cost of labour should also be looked at, as SA could not compete with countries such as China which were "very productive in terms of labour". He said unions made constant wage claims which were above the inflation rate, making it difficult for businesses to keep up.

"If the cost per employee is too high then less people will be employed."

He estimated that about R1.7bn had been lost on Thursday in the production of goods and services. He said this loss of capacity would lead to job losses.

Das kommt mir irgendwie bekannt vor.

Top stories:

Share land now, white farmers told

2006-05-19

Cape Town

White landowners in South Africa were challenged on Friday to start talks about sharing their land before it was too late.

"The people who are yearning for land are running out... of patience," senior ANC member Peter Moatshe stressed in the National Council of Provinces on Friday.

Moatshe, who chairs parliament's land and environmental affairs select committee, questioned the pace at which government was moving on land reform.

"This government is negotiating with those who have land. But those who have land are unwilling... to comply with the... sentiments of the Freedom Charter, that we shall share this land.

"The Freedom Charter does not say those who came must go. What... it says is white and black in this country must share the land.
The land belongs to the people of this country !

"Therefore we make this challenge to those who have the land, that they shall make up their minds, otherwise it will be too late," he warned.

Legacy from 1652

Speaking during the agriculture and land affairs budget vote debate, he said the threat to land ownership had arrived in Africa with white colonialists.

"The white birds which were crossing the sea to South Africa and the continent of Africa - that was the beginning of the threat towards land.

"It's where it starts. These are facts that cannot be disputed by anybody. The question of land becomes imperative, and that's why we are debating this budget vote today.

"It is an endeavour to address this legacy from 1652. It is therefore very important that those who have the land, and those who do not have the land, must come to a point of agreement. That the land shall be shared by those who occupy it.

"These imbalances cannot be allowed to continue for ever and ever and ever," he said.

The budget being voted on was a "drop in the ocean" towards addressing the land question.

Satisfying the masses

Speaking in the House immediately after Land Affairs Minister Thoko Didiza, he said there were still great imbalances when it came to land, 12 years after the advent of democracy.

"Are we really moving at a speed that will satisfy the masses of this country? Are we not going to be caught up between those who have the land, and those who thirst for land? We have to speed up this process."

Moatshe cited the Bible in his plea for faster land reform.

"The people of this country are becoming much more politicised on the land question, and therefore the land must come back to the rightful owners in the spirit of Leviticus, Chapter 25."

This, he said, stated "the land must go back to the rightful owners".

If government sought to achieve a 30% distribution of land by 2015 to previously disadvantaged people, the pace of land reform would have to be considerably accelerated, he said.... End
-------------------------------------------------------------------------------------------

..... and ones they have it they will fuck it up like in Zimbabwe !
Dann noch vielleicht die Minen und sonst noch was, dass sind ja Aussichten hier.

erstaunlich. Die Nachricht des Tages auf miningmx.com ist eine kontant fallende Goldproduktion in SA und die Nachricht des Tages auf der Preisseite ist ein fallender Goldpreis mit einer Preisspanne von $ 689.50 auf $ 656.80.

Andere Goldproduzierende Länder holen den Produktionsfall in der Geschwindigkeit nicht auf.

Gut so Umso länger besteht die Möglichkeit Gold günstig einzukaufen!

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S.Africa gold output tumbles
Allan Seccombe
Posted: Fri, 19 May 2006

[miningmx.com] -- SOUTH African first quarter gold output fell 10.9% year-on-year to 68 tonnes, and despite the local gold price soaring by a third in the period, there are five mines that are marginal, the Chamber of Mines said on Friday.

"South Africa’s gold production in the first quarter fell by 10.9% year-on-year to 68 tons on the back of the lower number of production shifts available to mines and in terms of the continued restructuring on certain operations," the Chamber said.

The fall was 9.5% quarter-on-quarter.

"Despite the rand gold price rising by 32% to an average of R109 219 per kilogram in the first quarter of 2006, five mines employing 53 708 employees and producing an annual 57.2 tonnes of gold were still marginal before capital expenditure," the Chamber said.

During the March quarter, an 11.1% fall in the tonnes mills overshadowed the average grade, which rose 1.3% to 4.96 grams/tonne.

Gold mines that are members of the Chamber reported a 9.9% year-on-year decline in production for the quarter to 58.3 tonnes.

The Chamber revised its data upwards for South African gold output for 2005 because of revised by-product information to 297.3 tonnes from 296.3 tonnes.

"This means that the country’s 2005 gold production fell by 13.1% in 2005 versus 13.9% decline first reported," it said.