Is South Africa a good place to be doing business?
BK: I think so. South Africa just had elections. They elected Jacob Zuma, which everybody expected. I don’t anticipate any bad political things coming out of South Africa. It’s a very, very difficult country in transition in its post-apartheid years, but it’s not going to turn into Zimbabwe. I’ve been there, and I’ve met African National Congress people. I’ve talked to the business community there. I am very comfortable investing in South Africa—as long as you understand what you’re getting. Another great company that’s also in Africa but also elsewhere in the world is IAMGOLD Corporation, a very well-managed company with a great future ahead of it. And if you’re just looking for big names, Barrick Gold Corporation is the world’s biggest gold mining company. They’re well capitalized and have lots of reserves. Every year they mine a bunch of gold and have to go out and get some more. So they mine, they operate, they produce, they make money, and then they go out and buy other operations
