It is not difficult to predict CR's when there is less than 1 or...

It is not difficult to predict CR's when there is less than 1 or 2 quarters of cash. He is just angry because he held for years and sold at a loss. So all he can do now is vent on HC, whether it be against the company or anyone remotely bullish.

But his claims of black ownership are not substantiated.

https://www.idc.co.za/what-we-offer-2/

"MINIMUM REQUIREMENTS

BLACK ECONOMIC EMPOWERMENT
we also focus on broad-based and expansionary black economic empowerment and black industrialists"

The key word: also

Responsible Investment Policy November 2014
"IDC has in practice been applying elements of socially responsible investing by avoiding investments in the following, amongst others:
• casino’s and gambling facilities;
• hard liquor (any drink with the proportion of alcohol exceeding 12%);
• any tobacco and tobacco products;
• the production and trade in weapons and ammunition;
• pornography;
• projects if the required licenses have not been granted, unless these form part of the feasibility study or CP’s;
• environmental impact assessments have not been conducted or geological
reports are not available, unless these form part of the feasibility study or CP’s"