[Source: http://www.politicsweb.co.za/politicsweb/view/politicsweb/en/page71619?oid=579465&sn=Detail&pid=71616 by Anthea Jeffery.]
Delivering on ‘radical’ change, if not on growth or jobs
In August 2012 the Cabinet adopted the National Development Plan (NDP) as South Africa’s policy blueprint from now until 2030. The plan is supposed to boost the economic growth rate to 5.4% of GDP and help generate 11m jobs. Read more
Bashing business for votes – New legislation may save the ANC votes but will chase away foreign investment.
AS THE May 7th elections draw closer, the ruling African National Congress (ANC) seems increasingly troubled by a challenge to its left flank from the Economic Freedom Fighters (EFF). Read more
Media coverage of the Promotion and Protection of Investment Bill of 2013 (the Investment Bill) has focused on its role in replacing South Africa’s bilateral investment treaties with various European states. Representatives of these countries have broken their usual diplomatic silence to warn against the reduced protection it gives investors from their states. However, the true significance of the Bill goes very much beyond this. Read more
[Source: http://www.iol.co.za/news/politics/mixed-feelings-over-land-bills-impact-1.1649005#.UyaW0LmKDIV by Warda Meyer.]
Two bills before Parliament mean South Africans could face Zimbabwean-style land grabs, with both agricultural and private property ownership being put at risk, says the SA Institute of Race Relations. But the claims were poo-pooed by the government, AgriSA and the Institute for Poverty, Land and Agrarian Studies (Plaas). Read more
[Source: http://www.bdlive.co.za/opinion/2013/06/10/bills-threaten-the-property-rights-of-all-south-africans by Anthea Jeffery.]
HOT on the heels of the Expropriation Bill of 2013 has come the little-noticed Property Valuation Bill of 2013, published on May 23 for comment within 30 days.
The Valuation Bill gives a new “valuer-general” an exclusive power to value property in cases of expropriation, land reform, or other acquisition (such as leasing) by the state. In this third instance, he must base his decisions on market value, determined on the willing buyer, willing seller principle. Read more
56 500 000 (mid 2017 estimate)
4.6% y/y in November 2017 (CPI) & +5.1% y/y in November 2017 (PPI)
2% q/q for the 3rd quarter of 2017
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