You heard that right, that is a buffalo going for R168 million at auction.

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07 February 2017, 17:28

A.Dahlgren

You heard that right, that is a buffalo going for R168 million at auction.

https://www.facebook.com/hunta...os/1456092621068204/

https://www.facebook.com/huntaroundtheworld/videos/1456092621068204/

07 February 2017, 17:52

Saeed

I got that video a few days ago from a friend on WhatsApp!!!???

07 February 2017, 20:44

Beretta682E

We go thru this over and over again. There is zero chance this buffalo via breeding ever generates anywhere near the cash flow it sold for.

It is a mechanism for corruption - the owners will be entities controlled by south african politicians and the buyer will be south african businessmen. Or it may be a transfer of tax efficient capital between entities.

Mike

07 February 2017, 21:59

Bwana1

Watch the video. The auctioneer kept saying dollars.

09 February 2017, 08:19

Saeed

Do they accept Zim Dollars?

09 February 2017, 09:29

DCS Member

quote:
Originally posted by Beretta682E:
We go thru this over and over again. There is zero chance this buffalo via breeding ever generates anywhere near the cash flow it sold for.

It is a mechanism for corruption - the owners will be entities controlled by south african politicians and the buyer will be south african businessmen. Or it may be a transfer of tax efficient capital between entities.

Mike

Exactly. It is a method by which money is washed (laundered; if you will). It creates a false market for "comps," but I don't know if it trickles down.

09 February 2017, 17:56

Trapper Tom

quote:
Originally posted by Saeed:
Do they accept Zim Dollars?

If they do I will take 10.