Ann: David Jones Board Recommends A$4.00 Cash per, page-46

re: Ann: David Jones Board Recommends A$4.00 ... Given the way South Africa has gone I would not be surprised if the takeover is more about board members, staff, relatives and money escaping SA rather than profits.

Notwithstanding SA's succesful transition to democracy in 1994, it is clear some foreign investors retain concerns about SA's long-term political stability. They point to SA's domestic politics, particularly the debate over nationalisation that raged within the governing tripartite alliance between 2009 and 2012. That debate coincided with the SA government's decision to revoke bilateral investment treaties, sparking suspicions that the revocation was a prelude to expropriation.

This argument reinforced a more general drift towards inward-looking trade and industrial policies, underpinned by BEE policies with their emphasis on increasing black ownership and management control in the economy, and local beneficiation. In the minds of some foreign investors these policies are the thin edge of an expropriation wedge.

http://allafrica.com/stories/201404040804.html