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SONA – big (pipe)dreams, no detail 

President Cyril Ramaphosa delivered his second State of the Nation Address (SONA) on 20 June. The speech was filled with rousing language as well as conciliatory offers to work together with members of the opposition. Unfortunately, no new details of his ostensible reform agenda were released, including details of how his dream for South Africa will come about.

Our youth need a free future to flourish

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.

More businesses closing, urgent reform required

Stats SA’s April Statistics of Liquidations and Insolvencies paint a very grim picture. The number of business liquidations increased by 53.1% between April 2018 and April 2019. The number of insolvencies increased by 30.1% between March 2018 and March 2019.

GDP growth – has the time has come to abandon fiscal...

The latest GDP numbers show that the South African economy declined by 3.2% for the first quarter of 2019. This comes after President Ramaphosa announced a R50 billion stimulus package in September 2018. Since that stimulus followed on a decade of stimulus spending instituted since the 2008 global economic crisis, we must now ask whether Minister Pravin Gordhan’s decision to choose stimulus over austerity was the right one.

BusinessBrief June/July 2019 edition is now available!

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.

SAA’s Jarana hits ejector button

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.

Minimum Wage – a crime against the poor

The National Minimum Wage (NMW) is a crime against the poor of this country as it absolutely forbids them from accepting any compensation below the floor set by government. It is reasonable, therefore, to assume that some people who could be working are not employed because of the minimum wage.

Cuba is no example to follow

Venezuela is proof of the miraculous impact of socialism. They took a prosperous nation and destroyed it almost overnight. That’s a problem for that other socialist paradise - Cuba.

Tax Freedom Day 2019

Before you earn a cent, government takes a chunk out of your pay packet in taxes. Today, Saturday 18 May, marks Tax Freedom Day 2019 - the day from when the money you earn belongs to you to fund your and your families' activities and wellbeing.

Unemployment blight can be alleviated with the correct remedy

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.
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