South Africa urgently needs a new approach to deal with dangerously high poverty, unemployment and inequality levels. President Cyril Ramaphosa, has called for a “new deal through we can build an economy that benefits all.” Key elements of such a deal may already be available in the recommendations put forward by Parliament’s High Level Panel, led by former president, Kgalema Motlanthe.
Most of sub-Saharan Africa’s cities are ill prepared for the rapid and dramatic population increase that will occur by 2035. For decades to come, sub-Saharan Africa’s economic and social future will be shaped by one of the most important megatrends on the continent: urbanisation.
There are many takeouts from Transparency International’s 2017 Corruption Perceptions Index (CPI), released in February 2018. Not only does the report reveal last year’s rankings of the world’s most corrupt countries, it also gives a glimpse into countries that carry low corruption burdens – from which many lessons can be learned.
Nationalisation of property, inefficient State-owned enterprises, raising the legal drinking age from 18 to 21, and higher taxes in a low-growth environment. These ideas have all been tried elsewhere. And they have failed consistently, with few exceptions.
Hailed by the African Union (AU) as the ‘new frontier of African renaissance’, the idea of the blue economy is gaining prominence across the continent. In 2014, the Seychelles, an early advocate of the blue economy, championed the agenda as ‘a vital part of Africa’s future development’. Meanwhile, states, including Kenya and South Africa, have begun formalising policy and legal frameworks to ‘unlock the ocean economy’, as a 2014 government report put it.
The Free Market Foundation is appalled and alarmed that expropriation without compensation of property (EWC), probably South Africa’s most important constitutional debate since the 1996 formation of the Constitution, will have only 45 days for written submissions. It is irresponsible and anti-democratic.
Will automation, artificial intelligence and robotics – or as it’s been called, the ‘rise of the machines’ – really reduce the value of people and their roles as meaningful contributors to society? Or will it unlock new avenues for creating value and new opportunities, which may manifest in greater industrial and economic futures for societies in Africa?
To say that South Africa is a capitalist society is popular among journalists, politicians, and trade unionists. If capitalism is understood to mean a system of free and voluntary engagement without third-party interference, the notion that South Africa is capitalist is false.
The prolonged uncertainty created by the introduction of Mining Charter III and the Mineral and Petroleum Resources Development Amendment Bill [B 15D – 2013], has left SA’s mining industry in limbo. An industry that can ill afford any more financial setbacks.
A new word has entered the South African vocabulary - Ramaphoria. The warm fuzzy feeling that permeates the fabric of the new 'New South Africa'. It is really amazing how (effectively) changing one person can make such a difference. The future looks much brighter.