“It always seems impossible until it is done.” Nelson Mandela
Watching this year’s national elections was riveting! It could be compared to watching a good sports game with all the hype and build up starting in January already. Many of us found ourselves glued to our phones and televisions as we watched the results roll in. After the announcement of the results, we waited with bated breath to see which political parties would form “coalitions” to ensure a majority rule. There was much debate around the braai as to what the potential outcomes could be. We then heard the words “Government of National Unity” or GNU.
This is in fact not the first time that South Africa will be governed by a GNU. From 1994 to 1999 post the election of Nelson Mandela, the country was governed in such a way, and whilst nobody can predict the future, infighting and disagreements within parliament will surely affect the country negatively. On the other hand, understanding, peace, respect and working together will better the country’s position both internally and on a global stage. 
For inflation to be kept under control, the strength of the Rand matters. Many factors affect the strength of a country’s exchange rate, but it is generally an indication of the rest of the world wanting to do business with it. Emerging markets such as South Africa are seen as opportunities for foreign investors wanting a higher return on investment. The Rand hit its strongest level in almost a year, trading around R18 against the US Dollar as at the close of business Friday, 28 June. Economists are optimistic, but it is yet to be seen how the political parties reconcile their vast ideological differences. The much-needed growth of the economy is dependent on this.
On a smaller scale, WPMs has seen its fair share of politics play out in the schemes it manages. Owners sometimes put their hands up to be scheme executives for the wrong reasons, often to the detriment of the scheme, and sadly, they so often get away with it. Much like an election, each AGM is your chance to ensure that your elected Scheme Executives represent your best interests. Do so wisely.
Thursday, 18 July marks Mandela Day to honour the life and legacy of Nelson Mandela. This day is a call to action for individuals, communities, and organisations to take time to reflect on Mandela’s values and principles and to make a positive impact in their own communities. One of Mandela’s key principles was inclusiveness and unity. A collective team, whether it be a rugby team, a company or a nation cannot succeed unless it acts as a whole. 
We all play our small part in making South Africa a success. It starts with a positive attitude and working together for the greater good.
Mark Friebus
CFO