Zimbabwe to Open ‘Blacks Only’ Stock Exchange

  • metta

    Posts: 39104

    Aug 09, 2013 6:04 AM GMT
    Zimbabwe to Open ‘Blacks Only’ Stock Exchange

    http://www.africanglobe.net/business/zimbabwe-open-blacks-stock-exchange/
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    Aug 09, 2013 4:34 PM GMT
    Rupaul should feel quite at home there...
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    Aug 10, 2013 12:01 AM GMT
    failscarf said
    Blakes7 saidRupaul should feel quite at home there...


    1. That's hateful to the actual Rupaul who has given much to the gay community.
    2. TA has many white friends, how many black friends do you have.
    3. You can't think of one example of blacks being denied an investment.
    4. African countries are heavily investing in their own.


    Tasteless yes but I don't see a huge issue with it.



    It's discriminatory, it's wrong in either direction. As for Rupaul, I'm breaking her balls.
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    Aug 10, 2013 12:27 AM GMT
    Two wrongs don't make a right. And they are CUTE!!
  • HottJoe

    Posts: 21366

    Aug 10, 2013 1:07 AM GMT
    I'd love an ideal world where policies like these had no place, but it's understandable. Africans have been oppressed on their own continent for hundreds of years, watching the environment get destroyed, as they languish in poverty. Good for them for demanding control of their money and resources. It was stolen from them in the first place. Anyone who cries foul now is obviously a hypocrite and the definition of a "cracker."

    It's not ideal, but maybe we need to take a step back before we can take two steps forward. The wrongs of the past need to be made right.
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    Aug 11, 2013 12:36 AM GMT
    The Chinese own nearly the all the mineral rights in Zimbabwe.

    I hope they enjoy their new colonial masters.
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    Aug 11, 2013 8:00 PM GMT
    Taking back or renegotiating already granted rights will not create new wealth rather what it does is undermine investment. Job creation is important but this will not be achieved by transferring shares from one holder to another on account of race. What is required is the creation of an environment that rewards risks, and mineral exploration is one such risk that is important in the value chain. The abundant mineral wealth that remains locked in the earth will remain in situ unless there is a change of attitude as to what is required in order to deliver the promise of a better life for all.

    Over the last 33 years, thousands of prospecting orders have been granted principally to parties with the necessary resources to prospect and mine. Nothing has stopped the government from crafting a legislation placing the minerals under the control of landowners who after all are now predominantly indigenous persons.

    http://www.dailynews.co.zw/articles/2013/07/24/who-owns-zimbabwes-minerals