Most people have no idea how resource curses actually start, so let me show you one forming in real time. Namibia just handed Vitol one of the most powerful commodity traders on Earth a N$7.2 billion exclusive fuel monopoly for three months. The state's own oil company, NAMCOR, offered the same fuel 10 cents cheaper per litre. They lost anyway. Their former acting MD, Maureen Hinda-Mbuende, is now publicly saying what everyone privately knows.
And here's where it gets darker. Vitol's subsidiary Vivo owns the Shell and Engen stations so the monopolist now sees the import data of its own retail competitor and can pick off NAMCOR's clients one by one. This is textbook elite capture Vitol's local partner is Mathews Hamutenya, whose son's company, Nasan, just bought 52 Engen stations and is appealing a Competition Commission ban on buying fuel from Vitol. Who decides that appeal? The same Minister who just gave Vitol the monopoly. Angola in 1979, Nigeria in 1985 the pattern is always the same. The state doesn't get robbed. It hands over the keys.
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The Health Professions Council has had joint inspections conducted with police that have led to the arrest of several individuals posing as qualified doctors.
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Meet Nkanyiso “Que” Bhengu, the founder of KZN Container Kings.
What started as a simple hobby has grown into a successful container conversion business operating in Durban and Johannesburg, creating jobs for 21 people.
His company transforms shipping containers into:
🏠 Homes
🍖 Shisanyamas
🍽 Restaurants
🏪 Stores
💻 Internet Cafés
🏫 Classrooms
💇 Hair Salons
🏢 Offices
🥤 Tuckshops
🎓 Student Accommodation
Every project is custom-designed to suit the client’s specific needs and business goals.
Beyond container conversions, KZN Container Kings also provides crane truck services, machine moving, rigging, shipping container transportation, steel beam transportation, generator moving and other heavy lifting solutions.
"They will create the virus themselves and sell you the antidotes.Thereafter,they will pretend to take time to find the solution when they already have it."
~ Muammar Gaddafi
(2009 United Nation Assembly)