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4th Industrial Revolution impacts relevancy of Trade Unions!

The 4th Industrial Revolution (4IR) has become a buzz word in many forums discussing global economic trends. The revolution is presented as the next inevitable event that will sweep the entire world.

Will South Africa go the way of Zimbabwe?

In February 2018, the African National Congress (ANC) government of South Africa joined with the radical left-leaning Economic Freedom Fighters (EFF) to approve a motion in parliament to request the Constitutional Review Committee to 'undertake a process of consultation to determine the modalities of the governing party resolution'.

Managing conflicts of interest must be a priority

The media reports are full of such stories; albeit cheating in sports, State capture, wide-scale corruption at governmental, provincial, municipal, parastatal, corporate and the...

‘One size fits all’ wage approach indefensible!

While unemployment and poverty remain some of South Africa’s biggest threats, our centralised collective bargaining model, which culminates in bargaining councils extending agreements to non-parties, remains the biggest deterrent to employment in affected industries.

Liberty is the source of human progress 

The unfettered liberty for individuals to pursue their socioeconomic aspirations so long as there is no force or fraud entailed in their endeavours should be the cornerstone and point of departure for all government policies. This principle should also be the litmus test in reviewing existing policies in order to expunge bad ones from the statute books.

Blue sky for Open Skies?

Israel approved the ‘Open Skies’ agreement with the European Union in 2013. The goals were to increase the number of foreign airlines operating in the country, expand the number of routes served, lower fares and stimulate tourism. An Open Skies setup makes it easier for airlines to negotiate their own terms for operation with their intended partner/particular airport.

South African history of disrespect for property rights!

Tragedies, such as legislated racism and disrespect for individual and property rights are generally manufactured by individuals with malign political intentions. The adoption of The Natives’ Land Act, 1913, is a historical example of this kind of political manipulation and these tragic consequences are with us today. Unfortunately, South Africans appear to be about to once again become the victims of the same kind of political manipulation.

Reinforcing the Rand

The invention of money allowed people to replace their original system of trade, which was barter. Instead of swapping one good or service for another, the creation of money allowed people to buy what they wanted on credit.

Trade wars | who wins?

Amid an increasingly unstable geopolitical landscape, the looming possibility of a global trade war carries the risk of severe negative macroeconomic consequences, in that both the US and Chinese economies could begin to decelerate, triggering a world-wide recession.

SAA should onboard lessons from abroad

South African Airways (SAA) is at the point where it must be either privatised or liquidated. The latest bailout only prolongs the pain inflicted on the South African tax payer.
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