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Finance minister Tito Mboweni’s new economic strategy paper is a refreshing, much needed breath of fresh air for an economy struggling for oxygen. The paper is replete with common sense proposals all aimed at achieving the economic growth South Africa desperately needs. We have been stumbling along a low-growth path of high taxes, kilometres of red-tape, wealth redistribution, and anti-individualism for far too long. If Mboweni’s paper can be taken as a true step in a new direction, a direction of more individual freedom, South Africa will see green shoots of recovery almost immediately.
The latest iteration of the NHI Bill has confirmed what South Africans have known for more than a decade: that taxes will need to rise to fund the government’s unworkable and unfeasible NHI scheme. During these dire economic times, the NHI tax will be the final nail in the coffin for cash-strapped consumers struggling to make ends meet.
Access to more data is vital for economic growth and education. Young people spend more and more time on mobile devices - the fewer regulations and the more competition we have in SA, the more they will be enabled to access a whole universe of educational resources. The government can either aid in empower young people by letting go of control over data, or it can inhibit a real, transformative, empowering process by bumbling from spectrum allocation ‘deadline’ to ‘deadline.’ The choice, and unlimited potential, are clear: massive pressure must be put on government to get radio spectrum allocated.
Will the state policy of social engineering through the centralising of post-school admissions create fertile ground for the growth of quality private education?
When young Americans grow up, rarely do you hear them being excited about going to study in Europe when they leave school. Why would they be? They have world-class universities and immense opportunities at home. It is not uncommon, however, to speak to young South Africans who are keen to leave this country either for extended periods or indefinitely.
Read our exclusive cover story entitled PRIVATE EDUCATION EVOLUTION | AN UNINTENDED CONSEQUENCE OF SOCIAL ENGINEERING? by Chris Hattingh, Researcher, Free Market Foundation, as well a host of other topical management articles written by professionals, consultants and academics in the June/July 2019 edition of BusinessBrief.
South African Airways’ sometimes-controversial CEO, Vuyani Jarana, has resigned. When the news broke on Sunday, many were caught by surprise, perhaps because it follows only a week after the resignation of another state-owned enterprise (SOE) CEO, Eskom’s Phakamani Hadebe.
Stats SA recently announced South Africa’s unemployment rate has increased to 27.6%. The expanded rate increased to 38%, which translates to 9,994,000 unemployed people.
Government published the Tourism Amendment Bill on April 12. If this had happened on April 1, one could have believed that it was an April Fool’s Joke, so comical is the logic underlying the bill. The amendment, once adopted, will mean that all ‘short-term home rentals’ are legislated under the Tourism Act.
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