Is this the dark clound of uncertainty overhanging PLA's current s/p weakness? The threat of nationalisation?
"Another week, another bad article for South Africa. The long bandied about topic of mine nationalization came up again. It's unlikely in my view, but you can never be 100% sure if the wrong party gains power. The ANC Youth League is targeting 2012 as the date the policy will be enacted ................................
A huge and very important clue was given though when the party said a state owned national mining company would precede nationalization. If you are invested in South African miners, jot that note down as a time to exit that position."
