MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

The Demise of Iscor, BoE and CNA

By

Dear Editor

The closure of the ArcelorMittal S.A [Amsa] long-products division in Newcastle article by Peter Bruce [The Herald, 10 January 2025] evoked the dormant sentimentality, nostalgia, nepotism, bigotry, protectionism & xenophobia characteristics in me.

Therefore, the killing off of Yskor [enforced as the Iscor moniker by Anglophiles, Anglo-supremacists and/or Afrikanerdom persecutors], B.o.E {Board of Executioners bank} and most apparently, the Central News Agency [CNA] icon, makes me wish that I had Elon Reeve Musk on speed dial, as I would have tried to persuade him into bluffing the normally ineffectual albeit over-rated government anointees called, the business rescue practitioners, into freezing the hasty getting rid of the above-mentioned 3 Proudly South African legends through warehousing their intellectual & tactile assets; until credible potential buyers have been approached for their monetary & brands’ rescuing.

Just like the longevity of the South African Airways [SAA] brand could most-probably be kept alive through the selling of its majority share-holdership to the likes of Etihad Airways [which could also convince its Mubadala fellow state-owned enterprise to work with the Coega Development Corporation as a worthy counterpart], Lufthansa, KLM [Royal Dutch Airline], Cathay Pacific, Air France, Qantas and/or Emirates Airlines and not the current arm-twisting of South African companies into the enrichment & protection of CODESA Posterboys [or Ladies] as in ANC Anointees and/or South African White Capital Approved Individuals through Black Economic Empowerment [BEE] red tape; as per apparent Convention for a Democratic South Africa [CODESA] directive and/or resolution circa 1993 or so.

Regards

Luyanda Marlon Kama
Kwa-Dwesi, Gqeberha

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