UNV 0.00% 16.0¢ universal coal plc

News: UNV Universal Coal Responds To Terracom Announcement, page-14

  1. 33,578 Posts.
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    I had a business meeting with a South African today , he gave me some disturbing information on the current conditions in SA , power cuts occur at 6pm right through to 6am in Durban and Lady Smith .
    Eskom is in shambles as the last experienced management are repatriating them selves to mainly the previous English Colonies Canada , Australia , England mainly because the level of violence has ratcheted up in the last 3 months with police more interested in self preservation than taking on the criminals , so criminals now are emboldened and instead of just doing home invasions have upped the anti to make hostage on any authority they feel like including power companies , water utilities , mines , and more farms .
    I am still holding this but I do wonder if what I am told is just anecdotal or legitimate
 
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