Decreasing investment protection
[Source: http://today.moneyweb.co.za/article.php?id=808539&cid=2015-02-02#.VM8BjpUcTIU by Ryk van Niekerk (left).]
The remarks by Small Business Development Minister Lindiwe Zulu, in response to the looting of the shops of foreign nationals in Soweto and other townships, is symptomatic of government’s total lack of understanding of how the private sector works. Read more
[Source: www.solidarity.co.za by Piet le Roux.]
The ANC shouldn’t be under the impression that they would really improve the economic position of their supporters by reducing the property rights of others. This is the position of the Solidarity Movement after the ANC National Executive Committee’s latest decisions on land ownership have become public. Read more
[Source: http://www.timeslive.co.za/thetimes/2015/01/29/land-offensive by Kingdom Mabuza, TJ Strydom and Penwell Dlamini.]
Land ownership by foreigners will be prohibited and South Africans will be entitled to own no more than two farms, or an equivalent of 12000ha.
[Source: http://www.bdlive.co.za/opinion/2015/01/29/support-for-flawed-mining-bill-is-driven-by-fear-not-respect by Anthea Jeffery.]
The Mineral and Petroleum Resources Development Amendment Bill of 2013 has been sent back to Parliament for more consultation and possibly extensive change. The bill was so damaging to an already struggling mining sector that the industry was widely expected to welcome a rethink. Instead, the Chamber of Mines has expressed dismay at the delay in the bill’s adoption. Though this response seems surprising, the chamber has reason to fear that a new bill may be even worse. Read more
[Source: http://allafrica.com/stories/201501300194.html by Pontsho Pilane.]
Did you hear the one about the small business minister who said foreigner spaza shopkeepers must share their “trade secrets” or else? Sadly, it’s not a joke. Speaking on Monday, small business development minister Lindiwe Zulu said that foreign business owners – like those who were attacked and had their shops looted in Soweto and neighbouring townships last week – should share their business practices with locals if they wanted to live and trade here without fear of disturbance or violence. Read more
56 500 000 (mid 2017 estimate)
4.4% y/y in January 2018 (CPI) & +5.1 y/y in January 2018 (PPI)
3,1% q/q for the 4th quarter of 2017
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