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South African Economy Paralyzed As Miner Strike Spreads To Truck Drivers

Tyler Durden's picture





 

While we have been predicting that the South African miner strike, which started 2 months ago, and which despite (or rather due to) a one-off concession by Lonmin to hike worker pay by 22% is more entrenched now than ever, would spread to other countries, we failed to anticipate that it could also move to other domestic industries. Which is precisely what has happened as 20,000 truck drivers in the South African country decided to go on strike following the example of their miner brethren, demanding a 12% wage hike, and in the process crippling the South African economy, bringing virtually every industry to a halt. Why did they take the risk? Because they suddenly realized that they have all the leverage in a globalized society in which as we explained in "Trade-Off: A Study In Global Systemic Collapse", even a several hour complete trade paralysis can and likely will lead to total social de-evolution: an outcome which the status quo which determines wages paid to workers, would seek to avoid at all costs. Next up: the second global worker revolution. Marx would be proud.

From AP:

ATMs lacked cash, fuel stations were running dry and hospitals saw vital coal supplies diminish Tuesday as South Africa felt the pinch from a truck drivers' strike that entered its second week.

 

The strike has halted the delivery of goods across the country, as more than 20,000 workers dig in on their demand for higher wages.

 

Fuel pump stations have begun to dry up in several areas in Gauteng province, the country's economic centre, according to the South African Petroleum Industry Association (SAPIA).

 

"Some garages in Gauteng have been reporting fuel shortages since this past weekend," said Fani Tshifularo, the association's spokesman.

 

"Unfortunately garages do not keep large reserves of fuel on premises, so shortages are likely to occur faster," he said.

...

On Tuesday hundreds of strikers brought central Johannesburg to a crawl, as they marched across the central business district. They handed a memorandum of demands to the offices of the transport sector bargaining council, before dispersing.

 

"We are here to protest that we need a 12 percent (pay rise). Whatever the employer is promising us, it's just peanuts," driver Mabule Molelemane said.

 

Other protest marches were held in major cities across the country.

 

According to transport authorities, 80 percent of all freight in South Africa is conducted by road.

Next steps: hoarding as society realizes that suddenly the trading arteries of society are jammed up, and it is every man, woman and child for themselves. Sure enough, the warnings begin:

SAPIA warned the public to refrain from panic buying, saying the shortages were not yet widespread.

 

Since the beginning of the stayaway, striking drivers have torched delivery trucks and assaulted non-striking workers, aggravating the supply crunch.

 

"We are concerned about the safety of our workers, as a result plans have been made to provide additional security to non-striking workers to deliver fuel," said Tshifularo.

 

The strike has also halted the delivery of coal to public hospitals, which need the fuel to operate boilers for cooking and water heating.

 

The Chris Hani Baragwanath Hospital in Soweto, the largest public hospital in the country, said it had not taken delivery of coal since last week.

And while the dramatic risks and implications for both the South African economy, the region, and the world in general can not be overstated if this economic paralysis continues, the irony is that with each successive striking victory, more and more workers both in South Africa, and everywhere, will soon be empowered to demand equitable treatment, which means higher salaries, which means less corporate profits, which means higher prices for everyone.

We hope the Wall Street sell side community is starting to get the picture.

 


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Wed, 10/03/2012 - 09:34 | Link to Comment Cassandra Syndrome
Cassandra Syndrome's picture

Perhaps the South African Central Bank can print more Truck Drivers?

Wed, 10/03/2012 - 09:36 | Link to Comment Gully Foyle
Gully Foyle's picture

Cassandra Syndrome

Fucking Google can.

Driverless trucks coming to a nation near you.

Wed, 10/03/2012 - 09:45 | Link to Comment Dalago
Wed, 10/03/2012 - 09:49 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Automated MNU Instructional Voice: [in MNU Humvee] When dealing with aliens strikers, try to be polite, but firm. And always remember that a smile is cheaper than a bullet.

Wed, 10/03/2012 - 09:49 | Link to Comment youngman
youngman's picture

They probably do already

Wed, 10/03/2012 - 09:55 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

How dare these workers form unions and go on strike!  How dare they ask for better wages! 

This is why we should ban unions in America!  The serfs may rise up against us!

Let them eat cake!

Wed, 10/03/2012 - 10:57 | Link to Comment MachoMan
MachoMan's picture

It's just one big continuum.  The collective bargaining of today becomes the socialism of tomorrow, running head first into the brick wall of resource constraints.  In america, we've probably experienced the peak of collective bargaining, but unfortunately we asked for too little in the process. 

The thing I don't understand about incremental collective bargaining is the deep rooted desire to continue in the status quo.  If I was a mine worker and was to the point where I was wielding machetes and threatened with death on a daily basis by virtue of my strike, I cannot fathom that I would accept a measly pay increase and then go about my business.  It would seem we would be right back where we started in only a short trot into the future.  If you're at that point, why would everything not be on the table?  Why would you willingly choose to become a slave again, albeit for a few more table scraps?  Seems like a wasted opportunity.

[and yes, I realize we get into psychological limitations...  e.g. battered wife syndrome, but I digress]

Wed, 10/03/2012 - 11:00 | Link to Comment LULZBank
LULZBank's picture

Fitting post for the handle.

Wed, 10/03/2012 - 12:09 | Link to Comment MachoMan
MachoMan's picture

I concur that it's easier said than done...  and that I haven't been posed with the same situation.  However, it doesn't change the fact that this form of collective bargaining is a temporary solution, at best...  Sometimes it's merely caused by inadequacies in a particular locale or industry...  sometimes it's a symptom of much larger/macro problems.  In the end, capital always wins the dispute.  Either by continuing to profit from wage arbitrage or after the collective bargainers continue on the path too long and blow themselves up.

Wed, 10/03/2012 - 12:35 | Link to Comment James_Cole
James_Cole's picture

The first key to affecting change is starting with something achieveable. 

Wed, 12/05/2012 - 03:43 | Link to Comment Dealyer Turdin
Dealyer Turdin's picture

Because houses can come out of hoses and cost 50 cents, because the sun makes duckweed, and fish can feed themselves, because weed is a weed, and castles are just for parties, so yeah, the Taxman cometh to his oblivion, where he seeth not what man has made, but that which he would not pick up to return to his masters with, the loom of the loam, my shite!

Wed, 10/03/2012 - 09:54 | Link to Comment Raymond Reason
Raymond Reason's picture

...and killing is softer with a song. 

Wed, 10/03/2012 - 09:57 | Link to Comment hedgeless_horseman
Wed, 10/03/2012 - 10:13 | Link to Comment LawsofPhysics
LawsofPhysics's picture

"Driverless trucks coming to a nation near you."

------------------------------------------

Hey, that's good thing.  The sheeple won't have any guilt when they blow them up in-route to acquire the food inside.  bring it.  Just think of what that will do for Krugman's "broken window" eCONomy.

Wed, 10/03/2012 - 12:20 | Link to Comment Treason Season
Treason Season's picture

And I was hoping Gully was inside, damn!

Wed, 10/03/2012 - 09:38 | Link to Comment slaughterer
slaughterer's picture

NFLX: the only stawkk to BUY today.  

Wed, 10/03/2012 - 09:59 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You mean:  the stawk to sell, right?

Wed, 10/03/2012 - 09:48 | Link to Comment slaughterer
slaughterer's picture

My Portfolio made 650% gains on NFLX in one day.  How does that stack up to gold and silver today?  

Wed, 10/03/2012 - 09:53 | Link to Comment LongSoupLine
LongSoupLine's picture

STFU about that piece of shit NFLX.  Troll your fucking book at Yahoo.

Wed, 10/03/2012 - 10:05 | Link to Comment HD
HD's picture

Whitney Tilson says NFLX will be the next Amazon - which only proves that hopium unicorn dust slowly eats away at the cognitive centers of the human brain. I'm assuming his next call will be that Radio Shack is the new Apple.

Wed, 10/03/2012 - 09:58 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Do you want a cookie?

Wed, 10/03/2012 - 10:14 | Link to Comment LULZBank
LULZBank's picture

Also, ask where exactly he wants it.

Wed, 10/03/2012 - 10:12 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Well now, unless you turned that profit into something real, it "stacks up" like any other paper promise.


Wed, 10/03/2012 - 10:20 | Link to Comment GMadScientist
GMadScientist's picture

So....$6.50?

Wed, 10/03/2012 - 11:34 | Link to Comment Toxicosis
Toxicosis's picture

And how will that stack up to hyperinflation tommorow? 

Wed, 10/03/2012 - 10:00 | Link to Comment Sparky_ZA
Sparky_ZA's picture

Yeah we have a central bank but they do not do bail-outs. Added to this our banks are pretty tight with credit and we don't do nirp or zirp.

But we are pretty fucked here. I assume to keep the exchange rate stable at 8:1 we need to print when US prints. Property inflation low, food and energy high.

Well, just sold my house

Moving away from the central part of the country to the relaxed coast.

It is going to get bad here if the currencies collapse. I think far simpler than the US. Here we have few sheeple just the deadly preditors. No complexity, no complaints, just kill or be killed. All the divisions you could possibly think about lie very close to the surface here. Just take away some water and all is ready for some blood to be spilt.

Wed, 10/03/2012 - 10:14 | Link to Comment Kobe Beef
Kobe Beef's picture

In all sincerity, why aren't you leaving the country?

Wed, 10/03/2012 - 10:31 | Link to Comment LULZBank
LULZBank's picture

He did'nt listen to Simon Black.

Why the heck you think one would not leave a country?

Wed, 10/03/2012 - 11:44 | Link to Comment Sparky_ZA
Sparky_ZA's picture

Where to go?

America, If I did not have a wife and 2 kids I would consider coming now. I do believe that what will come the collapse of your currency will be good. Single,

Europe, wife and kids have german passport. Europe..... not sure, seem they have a few problems.

South America. Hmmm not sure

Asia. do not know if I will fit in.

Was thinking Canada.....

Besides, I have done my national service here before troops had any rights. We were trained hard and well. Given the right circumstances, I am a predator.

I know it sounds lame and I will get some down votes for this comment, If Ron Paul was pres in America I would come over there and sweep the steets if I had too.

It almost seems that no matter where you are in this fucked up world ....you are in for a hard time.

 

 

Wed, 10/03/2012 - 12:21 | Link to Comment Kobe Beef
Kobe Beef's picture

Avoid the USSA, it is heading for Civil War II on one hand or the NWO's 1984 on the other. You might look into Australia or New Zealand, but they are in the process of being New World Ordered as well. Canada too, although there is lots of wilderness to get lost in.

I live in ageing Japan, where they prize social stability and will never cannibalize each other, but there's just not as much opportunity as there used to be. Singapore or Hong Kong are expensive, but if you have a viable skill set, there's work to be done. Don't worry about fitting in, if you're not native born, you never will. But if you're useful, you can do well. Other expats I know swear by Chile and Uruguay. Do some due diligence, consider your skill sets and where they can be immediately put to use, and get your family out. If you do stay, I'd align myself with other veterans and families you can trust right away. My people in SA say things are going from bad to worse.

Good Luck & Stay Safe,

Beef

Wed, 10/03/2012 - 10:32 | Link to Comment Monedas
Monedas's picture

I'm astonished to know they let those transplanted jungle bunnies drive heavy equipment !  You have to be a high level commie to be trusted with state property in North Korea !   Another example of English/Boer generosity of spirit !  That's where my decent instincts come from ! The depth of the humanity of her majesty's subjects and those of us in that loving circle is breath taking .... this is where my civility and gracious pride come from ! 

Wed, 10/03/2012 - 10:51 | Link to Comment LULZBank
LULZBank's picture

I prefer the Egyptian civilisation. They made some wonders like Pyramids etc.

Wed, 10/03/2012 - 11:19 | Link to Comment Monedas
Monedas's picture

Wonderful monuments to death and slavery and God !   They were the Space Shuttles of their moment in history !   Circus and employment for government worshippers !

Wed, 10/03/2012 - 12:27 | Link to Comment Harbanger
Harbanger's picture

Gods (plural)

Wed, 10/03/2012 - 12:16 | Link to Comment fajensen
fajensen's picture

Entropy and Exponents will creep up on you: System complexity and interconnections grow linearly, however, the effort required to maintain this system will grow at an exponential rate thus rapidly outstripping the available ressources. "Globalisation" will go PooF!

Wed, 10/03/2012 - 09:34 | Link to Comment azzhatter
azzhatter's picture

Workers revolution is exactly what's needed. Along with banker hangings and Jim Cramer hanging is a good start

Wed, 10/03/2012 - 12:17 | Link to Comment Harbanger
Harbanger's picture

What have all the past "workers revolutions" led to?  Less liberty.  You want hangings, start with the complicit msm, then the complicit politicos and then the bankers.

Wed, 10/03/2012 - 13:38 | Link to Comment JuliaS
JuliaS's picture

Cramer will be hung to his own sound effects.

Wed, 10/03/2012 - 09:35 | Link to Comment Gully Foyle
Gully Foyle's picture

Will this upset the next season of Strike Back shooting schedule?

Stirke Back is like the ZH fantasy show, guns/blood/head shots and hoochie. Even the dressed girls have firm protruding nipples.

Oh and vast global conspiracies.

Wed, 10/03/2012 - 09:35 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Remind me again. Does South Africa have a printing press?

Problem solved.

/sarc

Wed, 10/03/2012 - 10:44 | Link to Comment kaiserhoff
kaiserhoff's picture

Don't need one.  They are next door to Zimbabwe.  They can share;)

Wed, 10/03/2012 - 09:37 | Link to Comment Dr. Engali
Dr. Engali's picture

So I'm guessing that dropping money from a helicopter thingy isn't working out too well.

Wed, 10/03/2012 - 09:39 | Link to Comment holdbuysell
holdbuysell's picture

The linked article on systemic collapse is excellent. With only 3 days of food in the pipeline at any given time a truckers strike could be disastrous.

Thanks Tyler for reposting that paper.

Wed, 10/03/2012 - 09:54 | Link to Comment Schmuck Raker
Schmuck Raker's picture

I agree 100%. Anyone who didn't read it last time around should take this opportunity to do so.

"Trade-Off: A Study In Global Systemic Collapse"

Wed, 10/03/2012 - 10:22 | Link to Comment GMadScientist
GMadScientist's picture

"Sometimes, I feel a dereliction of duty is in my best interest." - Chief Chump Daryl Gates

http://www.youtube.com/watch?v=ZyuIWfnf4Hw

Dumb example.

Wed, 10/03/2012 - 11:37 | Link to Comment Induced Coma
Induced Coma's picture

+1 for Schmuck and Hedgeless.  Had not read the first article, digging into it now. Always good to keep second article fresh in mind. Thanks guys.

 

IC

Wed, 10/03/2012 - 09:38 | Link to Comment LongSoupLine
LongSoupLine's picture

Charlie Munger says, Suck it up blackies!

Wed, 10/03/2012 - 09:38 | Link to Comment LULZBank
LULZBank's picture

It aint comin' out without splitting your ass Bitchezz!!!

Wed, 10/03/2012 - 09:39 | Link to Comment Super Marco
Super Marco's picture

Wow, thanks a lot Lonmin!

Wed, 10/03/2012 - 10:19 | Link to Comment LULZBank
LULZBank's picture

This clearly proves, beyond shadow of a doubt, that giving in to protestors demand is not the right thing to do. Shooting them down or even using whips is the age old tried method of increasing productivity and breaking strikes.

Wed, 10/03/2012 - 09:43 | Link to Comment surfsup
surfsup's picture

Where does the liquidity go which would have been used to pay these guys their wages?  Uh, to interest stupid... 

This is a system wide INTEREST based failure as the rudiments of MATH assert themselves...

The simplicity is blidning actually -- so simple people don't see it -- the people are led into theory after theory when in the end the

eradication of the imposition of interest on current debts would allow the system to self correct.    

If you as yet don't see INTEREST as the big culprit here you have some studying to do -- in my humble opinion:

 

http://perfecteconomy.com/pg-regarding-interest-austrian-school-reverses-liberty-and-right.html

...

 

"1) how any purported economy involving a currency subject to interest ultimately terminates itself by multiplication of debt; and 2) that there is one and one only integral solution to a) inflation and deflation,b) intrinsic/systemic manipulation of the value or cost of money or property, and c) inherent multiplication of debt in proportion to the original circulation."

Wed, 10/03/2012 - 09:45 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Can you say "capital mal-investment and mis-allocation?"

I knew you could.

Wed, 10/03/2012 - 10:18 | Link to Comment mess nonster
mess nonster's picture

For 1500 years, there was little or no usury in the West (Christendom). Then, with the discovery of the New World, everything changed. Outfitting ships and transoceanic commercial enterprises and empires was expensive and there was a need for more capital than what was available. Lending at usury was the province of that small, non-Christian portion of the population. With the advent of the Protestant reformation, which occured simultaneously with the discovery of the Americas and the expulsion of the Jews from Spain, the stranglehold the RC Church had upon ideology (including economic theory) began to crumble. The Jews all fled to the Low Countries and did their part to sustain the rebellion of the House of Orange against the rule of King Phillip II.

Phillip for his part, squandered the riches he received from his American Empire on the mud of Flanders and Holland. All that gold ended up in the pockets of the very Jews he had expelled from Spain, who then turned around and lent it (at interest) to the English and the Dutch. In less than 200 years was born the modern corporate/banking/equities economy we know and understand so well today. There is no reason it can't all change as rapidly and as fundamentally now as it did then. Good luck everyone. Don't be so invested in this reality. It's just the illusion de jour.

Wed, 10/03/2012 - 12:15 | Link to Comment Bob
Bob's picture

Michael Hudson: The Road to Debt Deflation, Debt Peonage, and Neofeudalism

http://www.iadb.org/intal/intalcdi/PE/2012/09985.pdf

Financialization: Who says there's no free lunch?

https://en.wikipedia.org/wiki/Financialization

Wed, 10/03/2012 - 09:40 | Link to Comment fuu
fuu's picture

So Detroit?

Wed, 10/03/2012 - 10:15 | Link to Comment Kobe Beef
Kobe Beef's picture

If Detroit was a whole country, yes.

Wed, 10/03/2012 - 12:11 | Link to Comment backhandtopspin...
backhandtopspinslicer's picture

" if detroit was a whole country" -- give obama time. Former mayor Coleman Young (a fan of the South African gold coin by the way) told people to hit 8 mile road -- will Obama tell all non-collectivists to hit Canada of all places?

Wed, 10/03/2012 - 09:42 | Link to Comment LULZBank
LULZBank's picture

 

we failed to anticipate that it could also move to other domestic industries.

Sorry Tylers, you lost your credibility.

You made 2 mistakes, not 1.

First you made a mistake.

Second you admited it.

 

(Just kidding, for the over sensitive ZHers)

Wed, 10/03/2012 - 09:43 | Link to Comment LULZBank
LULZBank's picture

I just saw a post here and it disappeared???

Wed, 10/03/2012 - 09:51 | Link to Comment ThirdWorldDude
ThirdWorldDude's picture

Aaand... it's gone!

Wed, 10/03/2012 - 09:57 | Link to Comment Schmuck Raker
Schmuck Raker's picture

The Shadow Posting System is collapsing.

Wed, 10/03/2012 - 10:02 | Link to Comment LULZBank
LULZBank's picture

It could've been regarded as racist, but then saw plenty of anti semite and racist posts against blacks and chinese, so not sure what happened there. For a while I thought I was seeing things.. lol

Tylers must be very fast!

Wed, 10/03/2012 - 10:44 | Link to Comment Monedas
Monedas's picture

My vile racist posts routinely get a pass .... it's a matter of style .... one is born with it .... it's part of my Anglo-Saxon genetic heritage .... and I am so grateful for my gift !

Wed, 10/03/2012 - 09:45 | Link to Comment Super Marco
Super Marco's picture

I live in Johannesburg. Couldn't get any petrol(gas) this morning. Will only be able to get petrol when the strike is over. LOVE IT! 

Wed, 10/03/2012 - 09:50 | Link to Comment Quinvarius
Quinvarius's picture

Sounds like a Planet of The Apes Movie.

Wed, 10/03/2012 - 10:17 | Link to Comment Kobe Beef
Kobe Beef's picture

Except this is real.

Wed, 10/03/2012 - 10:19 | Link to Comment GMadScientist
GMadScientist's picture

And the apes from that planet were smarter.

Wed, 10/03/2012 - 11:44 | Link to Comment moonstears
moonstears's picture

Marco, go out right now and get a few bottles of whatever booze/whisky you can, mixers, beer, some toilet paper, soap, bottled water and  bags of rice, and cans o' spam. Call in sick indefinately and party on, your ride's begun.(Hey, too, get 50 kilos salt...was a big currency in Africa there, long ago, so I've read. Thank me later, GO bitchez!) 

Wed, 10/03/2012 - 09:49 | Link to Comment pods
pods's picture

I guess some are learning that the JIT delivery system has some weak spots?

pods

Wed, 10/03/2012 - 09:53 | Link to Comment LULZBank
LULZBank's picture

Well, nobody could have seen this coming.

Wed, 10/03/2012 - 09:51 | Link to Comment Raymond Reason
Raymond Reason's picture

Now we have the answer to wages lagging commodities, education, health care, and phone bills.  Labor strikes. 

Wed, 10/03/2012 - 09:51 | Link to Comment Dr. Gonzo
Dr. Gonzo's picture

1 oz bar of gold: $1810

1 oz bar of 100 times as rare rhodium: $1400

Hmmmm.

http://www.goldeneaglecoin.com/Other_Metals

Wed, 10/03/2012 - 09:53 | Link to Comment Darth Sidious
Darth Sidious's picture

100 x as rare but 140 x less demand

Wed, 10/03/2012 - 11:02 | Link to Comment moonstears
moonstears's picture

Darth hit the nail on the head. Want cheaper metal than gold? With demand? Buy "Silbah", as our asian friends call it.

Wed, 10/03/2012 - 10:24 | Link to Comment mess nonster
mess nonster's picture

Yep, rhodium. I got tons of rhodium bling. I mean, I wear that shit like a bitch, rhodium chains, rhodium rings, I got a big-ass rhodium dollar sign encrusted with diamonds hangin' around my neck right this fuckin' minute bitch. Ever-one wants 'em some damn rhodium now!

Wed, 10/03/2012 - 11:25 | Link to Comment dark pools of soros
dark pools of soros's picture

http://abcnews.go.com/blogs/technology/2011/11/the-rar/

 

it may be starting up.. just need lil wayne to make a rap video with it and call it rhodi

Wed, 10/03/2012 - 09:52 | Link to Comment resurger
resurger's picture

QE-47 for everyone

Wed, 10/03/2012 - 09:54 | Link to Comment youngman
youngman's picture

Well these truck drivers have wifes and kids....who in time will be pissed off that they can´t get anything either......but then again these truck drivers in SA might just have girls they rape..no wife......and kids..they don´t care about any kids...deevolution baby...back to UUG and ooofff

Wed, 10/03/2012 - 10:02 | Link to Comment LULZBank
LULZBank's picture

 

JOHANNESBURG — ATMs lacked cash

Do lorry drivers load up ATMs in South Africa?

I thought banks had their own transportation?!

Or.. just any excuse will do?!

What next... ?!

Wed, 10/03/2012 - 10:08 | Link to Comment Mr Bluesman
Mr Bluesman's picture

No fuel suply - because the tanker drivers are out, means no cash deliveries to branches, means empty ATMs

Wed, 10/03/2012 - 10:24 | Link to Comment LULZBank
LULZBank's picture

Banks running out of fuel for their own needs.

Sure, must be really catastrophic then.

Wed, 10/03/2012 - 10:04 | Link to Comment backhandtopspin...
backhandtopspinslicer's picture

Keep on truckin'

Wed, 10/03/2012 - 10:05 | Link to Comment backhandtopspin...
backhandtopspinslicer's picture

Thought they had their own Mandela GOVERNMENT now -- what gives? Aint Winny treating the poor folks better than the previous white man????

Wed, 10/03/2012 - 10:22 | Link to Comment Kobe Beef
Kobe Beef's picture

South Africa handed over to African Marxist Terrorists. What could possibly go wrong?

Everything. This is far from over.

 

PS: Winnie used to burn people alive, so the answer is probably no.

Wed, 10/03/2012 - 10:07 | Link to Comment backhandtopspin...
backhandtopspinslicer's picture

Coal supplies? Master Obama be sayin' that's a barbaric energy source y'all

Wed, 10/03/2012 - 10:08 | Link to Comment LULZBank
LULZBank's picture

 

"We are all ready for War of 12%"

Is it 12% in SA rather than 1% everywhere else?

Wed, 10/03/2012 - 10:11 | Link to Comment Mr Bluesman
Mr Bluesman's picture

As soon as one company gives in the spiral starts, 12% now, and once everybody has it in all industries it becomes worthless so they start again.

A bit like Britain in the 70's.

Wed, 10/03/2012 - 10:17 | Link to Comment GMadScientist
GMadScientist's picture

Management is welcome to roll up their sleeves at any time.

C'mon Mitt! Show us how a "thoroughbred" uses a lathe.

Wed, 10/03/2012 - 10:25 | Link to Comment LULZBank
LULZBank's picture

Thats what I said above, whips and chains are much more effecctive at getting people to work and increase productivity. How dare they ask for a payrise!!!!

What do they think they are?! Bankers???!!

Wed, 10/03/2012 - 10:11 | Link to Comment backhandtopspin...
backhandtopspinslicer's picture

Remember the burning tire necklaces in the good old days? Guess it was all worth it? Is the African National Congress still in session or are they out golfing now too?

Wed, 10/03/2012 - 10:23 | Link to Comment Kobe Beef
Kobe Beef's picture

Probably out shopping in Europe. Wonder where the taxes went?

Wed, 10/03/2012 - 10:09 | Link to Comment Clam McCain
Clam McCain's picture

I am in cape town and there is nothing to see here. Move along. Lets hit the beach.

Wed, 10/03/2012 - 10:15 | Link to Comment GMadScientist
GMadScientist's picture

Oh noes! Someone might miss their bon bon delivery.

Learn to fucking swim, bitchez.

Wed, 10/03/2012 - 10:29 | Link to Comment earleflorida
earleflorida's picture

ZeroHedge is but a "Unities in Drama",... a living, breathing creative truthsayer-- a sui`generis of a lost 4th estate ever present vanguard-- the `geist' in Zeit!

Bravo Tyler!!!

Wed, 10/03/2012 - 15:57 | Link to Comment Tjirras
Tjirras's picture

Oops, sorry. I dropped that fuck I was about to give.

Wed, 10/03/2012 - 10:41 | Link to Comment mess nonster
mess nonster's picture

Look, the unrest in Europe (Greece Spain), the strikes in SA... it's all part of the plan. Controlled chaos, from which order will emerge. An ordered society is one comprised of masters and slaves, a society built upon violence , fear and coercion. Remember, there were strikes and demonsrtrations during the October Revolution. The ultimate result was 85 years of totalitarian slavery. I guaran-fucking-tee you the mastermind behind these strikes is a very, VERY wealthy group of individuals.

Whereever did the Jeffersonian ideal of an agrarian republic of free men ever exist? Vermont. West Virginia. The Appalachian region of Western North Carolina and Eastrn Tennesee. Wherever the land was too steep and rocky to breed a class of wealthy men. The industrial North developed a slave class round factories and the Southern lowlands one around agriculture. The Northern capitlaists controlled their slaves with money and debt, the Southern plantation owners used whips. Minor differences only. All modern notions of liberty have their origins in lands that are steep, thin-soiled and rocky. Iceland, Scotland and Norway. Switzerland and Afghanistan. A general level of poverty and hardship, based on harsh environmental conditions across the board breeds good character; thrift, honesty, courage, and self-reliance, the virtues needed for the maintenance of freedom.

 

 

Wed, 10/03/2012 - 12:02 | Link to Comment JohnFrodo
JohnFrodo's picture

Good observations. The truth in the papers daily, just connect the dots.

http://thinkingaboot.blogspot.ca/2012/10/whats-going-on-in-merica.html

Wed, 10/03/2012 - 11:00 | Link to Comment Monedas
Monedas's picture

When Monedas says Fuck You .... you are exhilarated by the 1000 years of ethnic nobility and moral authority that stirs his  tongue !

Wed, 10/03/2012 - 11:01 | Link to Comment earnulf
earnulf's picture

Fine example of what to expect should there be a general transportation strike in the "developed" countries.   Transportation is a lifeline for way too many people and any glitch in that lifeline means death for folks.   The length of the glitch is directly proportional to the number of people that will "move on" to their final reward.    One thing that most folks don't realize is that those who are not smart enough to properly hide their stash better have the means to hold onto it.    Hungry people don't have a lot of common sense, but they do have a healthy appreciation for lead.     In these cases, it's not the compassion, but the might of the arm that will need to suffice.

Wed, 10/03/2012 - 11:09 | Link to Comment Monedas
Monedas's picture

South Africa will soon benefit from the collateral infection of Zimbabwian socialist prosperity !

Wed, 10/03/2012 - 11:18 | Link to Comment dark pools of soros
dark pools of soros's picture

as if prices come down when they make windfall profits???

Wed, 10/03/2012 - 11:31 | Link to Comment Monedas
Monedas's picture

Obama looks too white to be the first "Black President" .... but Michele is definitely the first Planet of the Apes "First Monkey Lady" !   She's lucky if she has 25% white blood !    10K is neither mostly gold by weight nor volume .... Barack is only a 10k nigger .... Michele is a 14k nigger .... in ZH speak !

Wed, 10/03/2012 - 11:30 | Link to Comment danepol
danepol's picture

PULEEEZ! I LIVE IN SOUTH AFRICA AND PARTICIPATE FULLY IN THE ECONOMY. WE ARE NOT NOT PERFORMING WELL BUT WILD ALLEGATIONS LIKE "PARALYZED" AND "CRIPPLED" ARE SIMPLY BULL DESPITE THE CURRENT WAVE OF INDUSTRIAL UNREST AND VIOLENCE. THIS COUNTRY IS PART OF AFRCA AND THAT MEANS ITS NOT FOR SISSIES LIKE YOUR TYPICAL WESTERN FINANCIAL ANALYST WHO WOULD NOT KNOW A REAL OPPORTUNITY TO MAKE MONEY IF IT JUMPED UP AND BIT HIM. FOR INVESTORS WHO UNDERSTAND AFRICA THE BIG MONEY IS MADE WHEN NONSENSE ARTICLES LIKE THIS ARE TAKEN SERIOUSLY BY FOOLS.

Wed, 10/03/2012 - 11:49 | Link to Comment moonstears
moonstears's picture

dane, hope you can say that a week from now. Google "JIT/just in time" and get back to us.

Wed, 10/03/2012 - 12:10 | Link to Comment RSBriggs
RSBriggs's picture

Anywhere near Nigeria, by any chance?  I keep receiving emailed offers to invest in once in a lifetime money-making opportunites there, too...

Wed, 10/03/2012 - 12:08 | Link to Comment RSBriggs
RSBriggs's picture

"We are here to protest that we need a 12 percent (pay rise). Whatever the employer is promising us, it's just peanuts," driver Mabule Molelemane said.

Yeah -  don't accept that sixty-five cent raise against your two dollar wages.  Stick to your guns and demand 12% instead of whatever it works out to be that you're being offered!    (note: Math is a good thing, worth learning.)

 

 

Wed, 10/03/2012 - 12:13 | Link to Comment Monedas
Monedas's picture

"This is what passes for a public education !"  .... My Fair Lady

Wed, 10/03/2012 - 12:50 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

TPTB can't grow food, can't extract oil and can't drive trucks.  They ALL need to be reminded of those facts every now and then...

Wed, 10/03/2012 - 13:44 | Link to Comment dolph9
dolph9's picture

If this is the beginning of the end of South Africa, it could have repercussions for all of Africa, the global economy, the Chinese neocolonization, and most importantly from our standpoint, the miners.

If you do invest in miners, keep up with the news regularly and pick only the safest jurisdictions.  Of course nowhere is quite safe these days.

Wed, 10/03/2012 - 13:46 | Link to Comment Joebloinvestor
Joebloinvestor's picture

A World Wide Union of Workers administered by the UN.

Wheeeeeeeeee.

 

Can't wait to see the "union dues".

Wed, 10/03/2012 - 17:59 | Link to Comment dark pools of soros
dark pools of soros's picture

screw the corporations

http://www.tehrantimes.com/world/102051-more-than-2-million-workers-strike-in-indonesia

 

as if paying more than $120 a month labor should discourage foreign investment.. slaves or no job for you!

 

...and yes I am linking to Iranian news source.. fuck ya all!!!

Thu, 10/04/2012 - 02:34 | Link to Comment nastaking
nastaking's picture

Via isn't alone in trying to group many vendors under a powerful LTE patent pool. MPEG LA and the Italian company Sisvel, both of which have long experience in tech patent pools, iM970. MPEG LA said Wednesday it continues to examine ways to assist the market with LTE licensing. Sisvel's website lists its LTE pool as being in development.

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