Removing the right to compensation when expropriating property that is currently contained in section 25 of the Constitution, will be a lethal blow to the legitimacy and stability of our constitutional order if done under present conditions.
Hot on the heels of President Ramaphosa telling the European Parliament on 14 November that South African land reforms will be enacted in adherence to the country’s Constitution, the joint constitutional review committee formally recommended that section 25 of the Constitution be amended to allow for expropriation of land without compensation.
It is a well-known fact that the ANC sees itself not primarily as a ruling party, but rather as a movement. This means that it needs to justify its continued existence in terms of the attainment of the objectives given at the organisation’s founding. The need to do this is what informs former President Thabo Mbeki’s critique of the Expropriation Without Compensation policy (EWC) through the 'leak' of his foundation’s memo.
I woke up at 4AM this morning, buzzing. The room was pitch black and whisper quiet. But inside my head my mind was screaming “This is amazing! A-M-A-Z-I-N-G. And I feel so bad about it!” You see, I am in Silicon Valley and have just spent three days, along with 5,000 other people, at Intuit’s #QBConnect conference.
Discovery CEO Adrian Gore mentioned at the recent Leadership Summit that there is an element of 'declinism' - a pessimism about the state of one’s country - in South Africa, and that it did not accurately represent the situation facing our country.
A market for electricity has a salutary effect on the behaviour of all the participants in the generation and supply of electricity. Generating plants, transmission grids, distribution grids, wholesalers and retailers, all behave differently when they compete for business with alternative suppliers.
The 2018 Medium Term Budget Policy Statement (MTBPS) will be a key determinant for SA’s credit ratings. A Moody’s Investors Service credit ratings decision was initially scheduled for 19 October 2018. Moody’s is now expected to release its statement on South Africa's sovereign credit rating after Finance Minister Tito Mboweni delivered the MTBPS.
Tito Mboweni, South Africa's newly appointed Finance Minister, delivered his maiden Medium Term Budget Policy Statement (MTBPS) to Parliament by starting his address with the words, "South Africa finds itself at a crossroads."
South Africa was once speculated to have a government workforce larger than that of the United States. Think about that for a second or two. A country whose population numbers close to 57 million with more civil servants than a nation of over 300 million individuals.