Fools and their Money ……

I was reminded of this maxim last night whilst listening to Xolani Gwala’s show on 702 Talk Radio. The topic under discussion was the collapse of the MMM Global Investment in most countries in which it operated. Despite this, the South African operation remained open. It was at this juncture that I recalled the adage regarding fools and their money. Incredulously a female listener disputed the fact that the SA operation would collapse like their foreign counterparts. Xolani was unsuccessful in attempting to convince the caller that if all the operations used the same modus operandi – that is acted as a Ponzi Scheme – then the local operation was bound to collapse as well.

Main picture: Uncle Charlies. The rest of the pictures are in the same vein ie South Africa of the 1970s and 1980s.

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