Decreasing investment protection
[Source: Deutsche Welle by Martina Schwikowski.]
South Africa’s government is bailing out the bankrupt state-owned electricity provider Eskom. But the company’s restructuring plans are still too vague, critics say. And power cuts persist. Read more
[Source: Politicsweb by John Kane-Berman.]
Two weeks ago Cyril Ramaphosa signed into law the contentious Competition Amendment Act of 2019. Read more
[Source: Politicsweb by the FW de Klerk Foundation.]
The Expropriation Bill was published on 21 December 2018, with a timeframe of 60 days for public comment. Its timing – when virtually the entire country was on holiday – and its compressed timeframe for comments, predictably arouse suspicion. Read more
[Source: Business Insider by James de Villiers.]
In 2003, then minister of finance Trevor Manuel handed out plums in parliament during his Budget speech. Taxpayers received tax relief of R13 billion that year, and large infrastructure projects were launched as the economy grew by more than 3%. Read more