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Thread: Ramaphosa Secures $10bn Investment Commitment from Saudi Arabia

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    Grandmaster b_crazy's Avatar
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    Default Ramaphosa Secures $10bn Investment Commitment from Saudi Arabia

    JEDDAH - President Cyril Ramaphosa has secured a minimum investment commitment of $10 billion from the Saudi Arabian government.

    The president is in Jeddah on Thursday where he is holding a meeting with Saudi King Salman bin Abdulaziz Al-Saud.
    http://ewn.co.za/2018/07/12/ramaphos...m-saudi-arabia
    If you don't understand the argument well enough that you could switch sides and represent the other team, stop arguing.

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    Good news.
    I am of a nation that would not allow that fear of death, of torture, of imprisonment, of exile or persecution should result in the perpetuation of injustice.

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    Good boost. Is he part of the Lions, Tigers and Bears himself?
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    Excellent news.

    For context - how big of a deal is that? I mean it's obviously a lot of money, but how does it compare to other investment agreements?
    For it is not for nought we age, decay. Another must come along; build the new day; discover a new way, a new dragon to slay.

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    That's a nice Big Number. Maybe we'll get our own Oil Refinery. The question is: which (un)lucky province will it be?

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    Quote Originally Posted by UrBaN963 View Post
    Excellent news.

    For context - how big of a deal is that? I mean it's obviously a lot of money, but how does it compare to other investment agreements?
    Significant, with China it was R94 billion.

    #Focac: Johannesburg - The South African government announced yesterday that 26 agreements worth R94 billion were signed yesterday at the Union Buildings in Pretoria, adding fresh impetus to bilateral co-operation between China and South Africa.
    https://www.iol.co.za/business-repor...-china-1954370

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    Super Grandmaster UrBaN963's Avatar
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    Wow okay, that's a lot then. Let's build some oil factories and weapons plants and sand mills and have at it!
    For it is not for nought we age, decay. Another must come along; build the new day; discover a new way, a new dragon to slay.

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    Quote Originally Posted by UrBaN963 View Post
    Excellent news.

    For context - how big of a deal is that? I mean it's obviously a lot of money, but how does it compare to other investment agreements?
    Don't know about other investments but for perspective it's about 10% of South Africa's annual budget. We also don't even have 20 South African companies with a market value larger than this.

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    Quote Originally Posted by UrBaN963 View Post
    Excellent news.

    For context - how big of a deal is that? I mean it's obviously a lot of money, but how does it compare to other investment agreements?
    Mercedez recently announced 10 billion Rands investment. This is 13 times that.

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    Super Grandmaster ponder's Avatar
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    wahabi mosques, let's build them...
    entia non sunt multiplicanda praeter necessitatem

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    Quote Originally Posted by UrBaN963 View Post
    For context - how big of a deal is that?
    Drop in the ocean compared to what's been stolen by the ANC sadly.
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    Quote Originally Posted by NarrowBandFtw View Post
    Drop in the ocean compared to what's been stolen by the ANC sadly.
    Pointless post. The man secures a deal which may go some ways in rectifying that. Glass half full bud.
    For it is not for nought we age, decay. Another must come along; build the new day; discover a new way, a new dragon to slay.

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    Super Grandmaster NarrowBandFtw's Avatar
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    Quote Originally Posted by UrBaN963 View Post
    Pointless post. The man secures a deal which may go some ways in rectifying that. Glass half full bud.
    Glass 0.1% full, if you think the investments gained equal anywhere close to half of what has been stolen you're more of a rose tinted glass guy then a glass half full guy.
    none so blind as those who refuse to see

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    any benefits to south africans except anc?

    ans ==> NO.
    Don't argue with stupid people, especially for those with power.

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    Quote Originally Posted by NarrowBandFtw View Post
    Glass 0.1% full, if you think the investments gained equal anywhere close to half of what has been stolen you're more of a rose tinted glass guy then a glass half full guy.
    If 0.1% is $10 billion, it makes R130 000 billion stolen (or 130 trillion) which equates to 34 years with 100% of the GDP stolen.

    Your math is slightly off!

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