If you counted every hair on your head, that amount probably will not add up to the amount of times you have read and heard about the causes of the Eskom crisis. Corruption and state capture have been identified as the bedrock reasons why South Africans have been thrown into darkness over the past two weeks. A few people have pinpointed the unions as the cause of the problem because they are enraged about President Ramaphosa’s announcement that Eskom will be unbundled. Yet others have laid the blame on transformation policies, specifically BEE.
Officially, for the 2019/20 financial year, government will not be increasing income taxes. The only taxes set to increase are the indirect taxes: fuel levies, excise duties on alcohol and cigarettes, and the new carbon tax coming into effect on 1 June 2019. With these increases government estimates that it will raise an additional R1.2 billion.
The stakes have never been higher, and despite Minister Tito Mboweni’s always-jovial presence in parliament as he tabled Budget 2019, his words prepared us for the bitter medicine that must be swallowed before we can experience economic recovery.
Oxfam is at it again. With their latest report we are back to the same old mantra: wealth inequality is on the rise and the only solution is to tax the hell out of the rich. Further reflection reveals that the solution isn’t that simple. But first, some relevant distinctions.
Now, I’m a fan of rhinos. I will admit the one that chased us one day wasn’t on my list of favourites at the time, but she didn’t stop me from going back into the bush later to look for more. I spent a little more than a decade living in Africa and would visit wildlife reserves 3 or 4 times per year at the least. One rhino reserve was about 30 minutes from home, but I often visited the larger reserves in Kwa-Zulu Natal or Mpumalanga.
Corruption has become as much a part of the South African identity as Seven Colour Sundays or biltong. Eradicating something that is woven into our nation’s fabric seems like an impossible task, and is a possibility only if whistleblowers are prepared to take a stand.
The land debate, as hackneyed as it is, is being used by both the EFF and the ANC as a proxy fix to whitewash various crises that face the poor black majority in the country. In this article I’ll examine four basic reasons why 'the land' by itself will neither restore dignity nor be a catalyst for the advancement for the poor black majority.
Mining Charter III (MCIII) heaps more pain on South Africa’s alluvial diamond producers who already face enormous cost burdens and high risks. This previously productive and successful small or junior diamond mining industry consists of just 180 remaining entrepreneurial mining operators employing around 5,000 people at an annual salary bill of R550 million.