Statistics South Africa (StatsSA) reported on 24 January that consumer price inflation increased from 4.6% year-on-year (y-o-y) in November 2017 to 4.7% y-o-y in December. This resulted in full-year inflation declining to 5.3% last year from a mean of 6.4% in 2016. The latest inflation number is the ninth consecutive monthly reading falling within the South African Reserve Bank (SARB) target range (3%-6%).
South Africa’s water supply is predicted to reach a crisis point by 2030. However, could better management of this critical resource actually be the economic saviour of the country? Dr Anthony Turton, Professor in the Centre for Environmental Management, University of the Free State believes so.
Much is written about inequality, decrying high salaries paid by companies to their executives as being one of its main causes, while no consideration is given, or attention paid to the plight of the unemployed. Those who earn zero! Why is government grinding them into the ground with job deprivation laws?
South Africans will not be surprised to learn from the 2016 Economic Freedom of the World (EFW) report, published by the Fraser Institute, that their country has lost another 12 places on the economic freedom index, dropping from 93rd in 2013 to 105th in 2014 (the latest year for which comprehensive figures are available for the 159 countries analysed). They will nevertheless be distressed to learn that SA has lost 73 places on the index since 2000.
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'.
Driving financial inclusion amongst entrepreneurs and small business owners in Africa will ensure that they are equipped with the knowledge to transform their businesses into productive and sustainable contributors to the continent’s economy.
Being able to speak the truth, without the fear of being intimidated or being politically incorrect is a liberty that sets a person free, both physically and psychologically. However, this attribute is increasingly more difficult to find in the leadership and structures of the ‘new’ democratic South Africa.
Huawei is not listed, and the shares are owned by the employees. The move by Google is likely to have a negative effect on the company, and Huawei may lose some customers. That said, there may be a slight buffer of customer retention given the rollout of Huawei phones using its own operating system should the ban persist.