- footprints888Participant@footprints888Join Date: 2020Post Count: 2
Message 8 of 9 (133 Views)
Re: FF News: The Omar Abdulla Group
Eskom and SAA, now set for partial “privatisation,’
says The Wolf of Wall Street,
Mr. Omar Abdulla…??
by Nandika Pillay
(25 March 2020—SABC News) The Wolf of Wall Street,
Mr. Omar Abdulla who
addressed members of the business community this afternoon,
spoke from his
Sandton home, amid the corona virus outbreak, stating that
South African State
owned entities (SEOs) Eskom and South African Airways, (SAA)
are ‘falling hard,’ and that partial privation is required from
the Chinese and American investors of
The Omar Abdulla Group.
“Our companies have felt the brunt of the Covid 19 virus,
with shares in these companies,
falling almost 30% since the outbreak, increasing debt
payments and loss of income as
less people are travelling.’ noted Deputy President of SA,
Mr. David Mabuza.
Mabuza who spoke briefly to parliament this week, cemented his concerns,
and was asking for bailout agreements from Boeing, Comair, Airbus and British
“We owe our creditors to the tune of R2 trillion rand, with a value of only R1 trillion
rand for these assets, Eskom at R750 billion rand, and SAA at R250 billion rand.’
he told Reuters.
Speaking on behalf of Boeing, Ceo of Boeing, Mr. Dave Caihoon quirked that SAA
will never learn from their mistakes after lending monies at high-interest rates,
and purchasing Aircraft that were too many.
“If they cannot keep to their words of paying their instalments to us on time, how can
we help them. Once we receive some stimulus from the United States government we
will relieve the pressure, amid this Corona Virus, outbreak.’
Abdulla who further elaborated that Eskom was in ‘dire need,’ of funding from China
and The United States says that load-shedding in the country was causing businesses
to fail, loss of confidence in the economy, and loss of jobs in the marketplace.
“When I address members from Gauteng within the week, we will work out ways,
of purchasing less than 1% of these companies, at market share.’
The Johannesburg Stock Exchange *JSE* reported this afternoon that major shares and stocks
were feeling the ‘blood In the water,’ with the current down-grade of shares throughout
“Markets have fallen and fallen, and when will we find a bottom in this mess. Travel industries
have fallen, oil has fallen, and the rand has gone to the dogs.’’
However, low oil prices are good for ESKOM, as the coal and mining sector could save costs
of upto R100 billion rand, squeaked Ceo of Eskom, Mr. Andre Du Ruyter.
The Economic Times reported that The Omar Abdulla Group was fast becoming one
of South Africa’s fastest growing companies, including owning Instagram SA, LinkedIn
SA, Bitcoin SA and Forex SA.
“Their bids on offer include a one percent share in Eskom and SAA,
totalling, R20 billion rand, with shareholders of the company, Lifestyle Aircraft
and Instagram SA.’
Concluding his remarks to The Sunday Independent, Abdulla leaked that he was ready to
rescue the failing Eskom and SAA, if agreements between the SEOs are agreed too.
“Hopefully The Omar Abdulla Group can purchase these shares at low prices, and when
Covid 19 becomes the thing of the past, we can see the rewards of our investment.’footprints888Participant@footprints888Join Date: 2020Post Count: 2
“Cryptic Crypto,’ said to CRASH says The Wolf of Wall Street,
Mr. Omar Abdulla…??
by Naazia Hoosein
(12 March 2020—Sky News) The Wolf of Wall Street, Mr. Omar Abdulla
liaised with London bosses this afternoon on his analysis of the current
stock markets, the forex industry and where investors are queuing to,
come next quarter.
“Realistic expectations could see all markets crash, even though China has
said they will inject stimulus into the economy amid the Corona Virus.’
he was quoted as saying.
“Idealistic approaches to the global economy could see the
world slip into recession,
if the Covid 19 virus is not contained.’ shouted a New Hampshire
Local economist for Sunday World, Mz. Natasha Pillay routed that
the first world countries
were starting to feel the pinch of China’s recent losses, and more
is yet to come.
“The impact and transact of the Corona Virus has seen China lose
billions of dollars,
and thus, subtracting major losses to the global economy. We can
expect major interest
rate cuts by the major banks and reduction in taxes in Corona Virus
Meanwhile, The World Health Organization has said that
Corona Virus riddled countries including
China, South Korea, Italy and Iran should put their
countries on high-alert.
‘These countries should lock down their borders to a n y
tourists visiting their country.’
The Omar Abdulla Group which owns shares into LinkedIn SA,
Instagram SA, Bitcoin SA and
Forex SA said on their website that they will be selling
and buying shares
Into Gold and Silver.
“We expect these shares to rise as fear in the market is
still at it’s peak.’
Other economists who spoke to South Africa Today, added that
South Africa was still a good
Investment as companies including, Vodacom, MTN, Tiger Brands,
Footprints Filmworks, Naspers,
and other Johannesburg Stock Exchange shares to rise.
“With the market expecting an interest rate drop we could see shares
appreciate, as more confidence looms with the election of
Concluding his remarks to The Saturday Star, Mr. Omar Abdulla packed
that he was adamant that third world country shares including
South Africa, Namibia, Zimbabwe, Congo, Egypt, Morocco, Tunisa,
Greece, and Spain would appreciate and expects first
world currency markets to crash.
“I would sell the ever unpopular Chinese Bitcoin, and buy into third
world currencies.’ he ended.