Decreasing investment protection
[Source: BusinessTech.]
Statistics South Africa has published its second business impact survey, providing an update on how well South African businesses are currently faring under lockdown. The answer is simple, not very well. Read more
[Source: Moneyweb by Paul Vecchiatto of Bloomberg.]
South African President Cyril Ramaphosa said the government will press ahead with plans to distribute more land to the black majority in an orderly fashion, warning that a failure to do so would perpetuate an injustice that dates back to apartheid rule and constrain the economy. Read more
[Source: Associated Press by Elias Meseret.]
America’s top diplomat on Wednesday asserted that South Africa’s plan to allow expropriation of private property without compensation would be “disastrous” for the country’s economy and its people. Read more
[Source: Business Day By Cas Coovadia.]
The property market and economic growth generally will be severely affected by the expropriation of land, whether without compensation, below market value, or outside the law, the constitution and the courts. Read more