Showing posts with label Movers and Shakers. Show all posts
Showing posts with label Movers and Shakers. Show all posts

Wednesday, January 6, 2010

The strange case of Zuma


South Africa's President Jacob Zuma got married for the fifth time on Monday to Tobeka Madiba at the village of Nkandla in northern KwaZulu-Natal province. Zuma, 68, already has two children with Madiba, 37, who is a former bank employee. Zuma, a polygamist, has two wives. While he divorced his second wife Nkosazana Dlamini-Zuma in 1998, his third wife Kate Mantsho committed suicide in 2000. He remains married to his first and fourth wife.
Zuma has 19 children as well as two fiances. He also has a son from an earlier affair.

Multiple marriages are allowed in South Africa and form part of the Zulu culture. However, they have been strongly criticised by HIV/AIDS activists, who advocate monogamy as a preventive measure of the disease. South Africa is one of the worst AIDS-affected countries in the world.

In 2005, he was charged for raping a 31-year-old woman, the daughter of an African National Congress member, but was acquitted by a court.However, Zuma stunned the nation and his supporters when he admitted that he had unprotected sex with the woman in spite of knowing she was HIV-positive, and that he took a shower to 'cut the risk of contracting HIV'.

Zuma has repeatedly faced charges of corruption, racketeering and fraud. He was accused of being involved in a $5 billion arms procurement deal. He was fired from the vice president's post in 2005 by then President Thabo Mbeki when the defence deal was revealed. However, he was elected as the chief of the ANC in 2007 and became the president of South Africa in 2009. The corruption charges against him were formally dropped in 2009, and the prosecution cited 'political interference' as the main reason for doing so. Prosecutors admitted that though they had evidence of corruption against Zuma, "it wasn't strong enough to withstand a trial".

http://news.rediff.com/slide-show/2010/jan/06/slide-show-1-south-african-president-gets-hitched.htm#contentTop

Monday, May 19, 2008

Movers & Shakers

Ah! At last.... I have managed to move the price of a stock single handledly by 5% on the NSE(National Stock exchange). A sense of achievement. Now I know what it takes to rig the price of a share in the market. I have been watching this stock(Lets call this MNO) for over a year now and always wanted to buy it at a fair price to its earnings. And on the 16th may, I finally got a good price and even more importantly, I have enough cash to keep buying it till i could make it go from -1.4% of the previous close to +3.8% of the previous close. As I kept buying my only worry was if there were any big players trying to rig it the other way. Well, my worries were after all, stayed only as worries as no such thing happened. Now I feel proud to be a "mover" of MNO stock. P.S: The stock I am talking about is Zodiac Clothing Company Ltd. If you know this stock better, you would be knowing that this is a very illiquid stock with very low volumes being traded daily on the exchanges. On 16th may, till afternoon only 2 shares were traded. on the NSE. I bought 8 bought shares at market rate which caused the stock to go to +3.8% over the previous close all with the amount of just over Rs.3500. :-)