In 1987, the band REM came out with a song that has become a classic, and as a carefree student at the time I would merrily belt out the lyrics: “It’s the end of the world as we know it, and I feel fine.”
The sooner this happens the better for our planet and for humanity. However, the world, and certainly SA, will still need coal for at least the next five and possibly even 10 years. Negative sentiments around these types of old-economy stalwart companies have meant the prices at which investors can buy their shares have become extremely low.
Just as companies get forgotten, so do countries. Which country would you rather own, regardless of the price: SA or the US? As humans, we are wired to always assume the trend of the recent past will continue to be the trend of the immediate future. But this is rarely, if ever, the case.
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