[Written by Dr Heinrich Matthee for South African Monitor.]
Foreign-owned shops in KwaMashu in KwaZulu Natal were looted and torched on 19 April after hundreds of attackers overran the police. Read more
[Source: Business Day Live by Laone Sharp.]
The government is cooking up yet another existential threat to businesses. Behind closed doors, the Department of Trade and Industry (DTI) is secretly strong-arming SA’s finest companies to adopt new black economic empowerment (BEE) regulations under the threat of damage to their reputations. The proposed fines and mandatory prison sentences are one thing; damage to a firm’s good name is something else entirely. In this hostile milieu, no business dares to be accused of racism, whatever the facts. Read more
[Source: Daily Maverick by Brooks Spector.]
Almost everybody agrees the African Growth and Opportunity Act (AGOA) has had a substantial, positive impact on the South African economy – and a significant impact on a number of other African states as well. Now, however, a game of chicken between poultry producers in the US and SA threatens progress on a new version of AGOA. However, problems in the US Congress over South Africa’s continued participation in a new AGOA may just be part of a larger downward spiral for South Africa’s international reputation.
[Source: Business Day Live by Khulekani Magubane.]
The government on Sunday vowed to crack down on perpetrators of xenophobic violence as police patrolled areas deemed to be hot spots amid concerns that the violence of recent weeks would continue.
Home Affairs Minister Malusi Gigaba and State Security Minister David Mahlobo warned users of social media not to “instigate” attacks, saying they would be dealt with. Read more
[Source: Business Day Live by John Kane-Berman.]
As the 21st anniversary of SA’s first all-race election approaches on April 27, the country “still boils with white racism”.
Or so some newspaper columnists, as well as academics styling themselves “public intellectuals”, would have us believe. Read more
57 700 000 (mid 2018 estimate)
5.2% y/y in November 2018 (CPI) & +6.8 y/y in November 2018 (PPI)
2.2% q/q (3rd quarter of 2018)
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