Decreasing investment protection
[Source: BizNews by Anthea Jeffery.]
A parliamentary ad hoc committee is pushing ahead with the drafting of a bill to amend Section 25 (the property clause) and allow expropriation without compensation (EWC). The committee has developed two possible options for the wording of this amendment bill, and is considering a third proposal for which the EFF is pushing strongly. Read more
[Source: Politicsweb by Dave Steward.]
The Ad Hoc Committee to Initiate and Introduce Legislation Amending Section 25 of the Constitution convened a “constitutional dialogue” in Cape Town on 6 November 2019 to which it invited members of the public and civil society organisations – including the FW de Klerk Foundation’s Centre for Constitutional Rights (CFCR). Read more
[Source: BizNews by Anthea Jeffery.]
Finance minister Tito Mboweni expects a revenue shortfall of R250bn over the next three years, an increase in public debt from R3trn to R4.5trn, a 6.2% budget deficit on average, and a debt-to-GDP ratio of 71% in 2022, rising to 81% by 2027 if current trends continue. Read more
[Source: BusinessTech.]
Parliament’s land expropriation committee has published a draft programme on its upcoming plans. Read more