During the first quarter of 2018, South Africa’s gross domestic product (GDP) decreased by 2,2% according to Stats SA. This low growth trap followed a period of cautious optimism and highlights the need for creative thinking from all role players in the economy.
There is a humorous saying: 'The definition of insanity is doing the same thing over and over and expecting different results. 'It’s often attributed to Albert Einstein, but he isn’t the one who said it. It isn’t the definition of insanity either—but it does describe a trait we could call crazy. Our species tends to repeat past mistakes hoping our 'good intentions' will be enough to change the results—this time.
Following a bruising year of corporate scandals, the AEPF Ethical Practices Survey 2018 reveals 1 in 4 believe financial success is more important than doing the right thing - while 25% in public sector say they fear for their lives when reporting wrongdoing.
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.