Decreasing investment protection
[Source: Yahoo Finance from Bloomberg by Felix Njini.]
When South Africa’s state-owned utility announced record power cuts on Monday afternoon, Impala Platinum Holdings Ltd. had two hours to hoist thousands of workers from 1 kilometer (0.6 miles) deep shafts. Read more
[Source: Successful Farming via Reuters.]
Proposed changes to South Africa’s constitution to allow land to be expropriated without payment will be officially published next week, potentially setting the stage for a conflict between the government and commercial farmers and the opposition. Read more
[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