Rest of article below Alerts and Notes
Great news for us is that the private sector will also help to overcome our electricity shortage by generating and selling direct to ESCOM,our largest
coal mining group ,namely EXXARO will also get in on the act by setting up ,with the help of a French firm a power station on the new Limpopo coal field.This is still in the first phase so power shortages are likely to be with us for at least five years.Coal burning power stations are eco friendly these days ,so are not likely to decrease our carbon credits.
The Gold price is shrinking and some econominsts and traders think it could plummet to around $300 per ounce.
I myself think this is highly unlikely as Gold forms part of every reserve bank in the world.It is the source of last resort in a crises ,when paper money fails.As an example Cyprus was told to pay over their entire gold holding over,when they ran into trouble last year by the European Union.
For the sakes of the reserve banks they are likely to buy in gold around $700 per ounce if for now other reason than to preserve their assets.
At the moment the Indian wedding gold market is dead as they are relying on scrap gold to fund their needs.They and every other buyer are not buying to see how low gold will go as then they can get in at bargain prices.
NOTE 4 Go to Pawsitively Adorable Pets to see how to train potty train your puppy with out bribery or harsh methods.See Naomi's blog below for the address.
NOTE 3 See Naomi's latest Resource update 17/7/2013
Note 2 Remember the latest update is always at the bottom of the index above.
Note 1 See Naomi's Technical update mentioned above.
He also pledged funds for the supply of electricity for some of the most backward countries in Africa, a good start.Hopefully other major countries will add to this fund.As we all know,electricity leads to a higher standard of living and will lead to the advancement of the continent .
Finally I heard him say in one of his speeches that corruption must be eliminated as no company would be willing to enter a new mining venture say if they had to employ a relative of a government official! Also our government and others on the continent must keep taxes realisticly lower to encourage trade so all can make a living and make it worthwhile to invest.