New law will allow South African government to take free stake in energy projects

Pox

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Sep 13, 2005
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Another day, another new way for the ANC to rape and pillage.
 

Jopie Fourie

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Aug 30, 2019
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The easy way out here, and the ANC will learn this real soon, is that the large companies will simply start scaling down and invest less and less in exploration in these areas. No investor will allow these companies to simply hand 20% to any government. These companies will either start losing investors or look elsewhere for opportunities.
 

redspark

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Oct 12, 2012
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I guess it could be worse, like 50% free stake steak :whistling: Anyway, government should be doing everything to attract investment and not chasing it away.
 

Gaz{M}

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Feb 9, 2005
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4,764
Private companies will say no thanks. Then the PIC will invest in these schemes and give Government a free carry % on pensioner's pockets.
 
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