Jeff McCarthy

Mercury: Expropriation sends a negative signal

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Sacrifice the poor to the almighty foreign investors....

http://www.themercury.co.za/index.php?fArticleId=4580755

Expropriation sends a negative signal

August 28, 2008 Edition 1

Jeff McCarthy

A 30-YEAR-OLD friend who works for a global investment bank in its London office and earns the equivalent of millions of rands per annum can't raise a bond for a house in London today. Property is seen by banks there as an asset which is in value decline; and being a hot-shot investment banker is a job that is seen as very risky.

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