A Swiss-based firm which could profit from food price rises
Links exist between aviation, drought conditions, biofuels, stock market traders, illegal economic migrants and (perhaps) climate change.
A recent news item reported that the body of an apparent stowaway was found in the landing-gear bay of a British Airways 747 as it arrived at London Heathrow from Cape Town. By all accounts, he would (if he had lived) have been an illegal economic migrant looking for a better life elsewhere?
But from Cape Town, part of a new post-apartheid régime in South Africa: why? Well, long ago I was told that the result of the end of apartheid would be that the blacks would run the politics, the whites would (continue to) run the economy and the leaders (black and white) would make lots of money whilst the poor people would see very little change.
The latter part of this forecast was confirmed by the awful pictures of striking miners of the Lonmin Marikana mine being shot dead by police when they demonstrated. Yes, they were armed (spears and machetes), but their true backwardness was revealed by the fact that they apparently believed that witchdoctors' spells could make them impervious to bullets. Thus, although resource-rich Africa makes money for many people, these miners, often migrant workers from elsewhere in Africa and living far from their family, are still living in poverty and ignorance. Their actions might possibly have an effect on international investment in South Africa, although I personally think that it will be soon forgotten.
So who are the whites who profit? Well, unsurprisingly, they are often of South African descent. Two particularly in the news at the moment, are Ivan Glasenberg (born in Johannesburg) and Mick Davis (born in Port Elisabeth). Glasenberg is CEO of Glencore, part-owner of the Lonmin mine, which has its headquarters in Baar, whilst Mick Davis is CEO of Xstrata, which is based in Zug. These two companies are hoping to merge, thus becoming a new super commodity trading and mining giant which would cause concern to competitors such as BHP Billiton, Rio Tinto and Anglo American. Both companies have ties with Lonmin.