Nazreem Moola, a director with Macquarie First South, said the ANCYL's proposals had the implications of destroying 60 percent of pension funds, an amount that is invested in the mining industry.
via www.busrep.co.za
What a spectacularly relevant point.
Its a bit like Gaza where the median age of the population is 17. So that means that Gaza is run by kids with guns and missiles. So any prospect of a peace settlement is about zero.
We have the same here with ANCYL; without firm direction they have the ability to be massively destructive.
In its right place Youth is wonderful. Look at how the 18 year old fighter pilots of WWII inspired the people Britain; they are still celebrating the battle of Britain.
The ANC needs to reel in the ANCYL.
Its a bit like Gaza where the median age of the population is 17. So that means that Gaza is run by kids with guns and missiles. So any prospect of a peace settlement is about zero.
We have the same here with ANCYL; without firm direction they have the ability to be massively destructive.
In its right place Youth is wonderful. Look at how the 18 year old fighter pilots of WWII inspired the people Britain; they are still celebrating the battle of Britain.
The ANC needs to reel in the ANCYL.