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Financial institutions without acceptable empowerment plans could lose their licences

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In 2020, the National Treasury published for public comment a draft Conduct of Financial Institutions Bill, as an update of its draft two years earlier. This 2020 draft bill aims, ambitiously, at revising the separate laws which regulate the conduct of financial institutions of all kinds, be they banks, insurers, pension funds or medical schemes; and which regulate the conduct of providers of financial advisory, administration or payment services.

When the going gets tough, it’s time to get going

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Let’s not pretend! Times are tough! A flailing economy, escalating costs, load shedding, geopolitical tensions and elections coming up in 2024 - to name a few challenges. So how do we keep our heads down and our businesses afloat? Often, the same strategies that help achieve success during ‘easier’ years still largely apply – albeit with a heightened focus.

Budget 2024 – mixed expectations in an election year

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With the budget speech being delivered in an election year, I expect to hear populist promises and over-optimism which is geared more to voters than the financial markets. We will need to scrutinise the numbers coming out of the budget very carefully to see if Finance Minister Enoch Godongwana’s budget proposals are viable and achievable given the country’s high debt burden and strained tax base.

BOOK REVIEW | Rescuing Our Republic

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South Africa stands at the edge of a precipice. Almost thirty years after its first democratic election, poor policy and rampant corruption have left the country standing on the brink of becoming a failed state. In this thought-provoking book, the authors interview a diverse group of public intellectuals, business leaders and political mavericks to discuss tangible ways South Africa can rescue itself from itself

The state is not an employer!

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Election season is coming up soon in South Africa, and those with governmental power have started promising jobs to the millions who are unemployed. Yet anyone who has an inkling of economic knowledge would know that the politicians are writing cheques with their mouths, and that they will be unable to cash their actions.

A hegemon crumbles! – will the ANC survive after decades of...

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The African National Congress (ANC) is imploding. The productive energies of private enterprise have long been suppressed under the party’s hegemonic rule. Policy uncertainty, and simply bad policy, has kept South Africa back from fulfilling its full economic potential.

BusinessBrief April/May 2023 edition is now available!

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Read our exclusive cover story titled A hegemon crumbles! - will the ANC survive after decades of parasitic policies? by Martin van Staden, Deputy Head of Policy Research, South African Institute of Race Relations, plus a host of other topical management articles written by professionals, consultants and academics in the April/May 2023 edition.

Democracy and Liberty

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Modern day states are characterised by an implicit admission that everyone who is living under them, consents to be governed by them. Yet when one looks at the world, in any society, there is always a large portion of people who not only disagree with authority but actively did not consent to it by voting differently or not at all. Are the views of these people not important because they represent a minority?

BOOK REVIEW | History of South Africa

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South Africa was born in war, its growth has been marked by crises and ruptures, and it once again stands on a precipice. History of South Africa explores the country’s tumultuous journey from the aftermath of the Second Anglo-Boer War to the COVID-19 pandemic.

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