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In 1985 the South African insurance industry voluntarily launched the Ombudsman for Long Term Insurance system. The Ombudsman for Short Term Insurance (OSTI) was launched some four years later in 1989. These bodies operated independently and separately from one another until last year.
New research provides crucial analysis and insight into South Africa’s proposed National Health Insurance and the dramatic, detrimental impact it will have on both the private and public health sectors. The research paper, 'An Overview of South Africa’s Health Assets and the National Health Insurance Policy', formed the basis for oral evidence provided to the Parliamentary Portfolio Committee on Health on the NHI Bill, prior to Parliament convening on the matter today.
The Washington Post recently ran an opinion piece by Colbert I. King about immigrants to America and the remittances they send back to family and friends in their home countries. Mr. King was speaking of immigrants to the United States but this holds some important lessons for South Africa as well.
We published a new research paper highlighting the dangers of property confiscation (also known as expropriation without compensation) and nationalisation. The paper Private Property, Public Interest: Alternatives to Confiscation and Nationalisation identifies at least five alternatives, each of which empowers the vulnerable, to the government's dangerous plans which simply empower the state.
National Treasury has indicated that it will assess the viability of a future wealth tax, as it collects more data in the coming months following the recommendations of the Davis Tax Committee. South African Revenue Service (SARS) will focus on consolidating wealth data for taxpayers through third-party information, Treasury said in its 2021 budget review.
Although it is famous among middle-class tourists for its exquisite beaches, life in the OR Tambo district municipality in the former Transkei is far from beautiful for its residents. The district is one of the most deprived places in the country. Barely 6% of homes have piped water while less than one in ten households have flush toilets.
Milton Friedman is one of my favourite people, but I must say I found his 'A Friedman doctrine - The Social Responsibility of Business Is To Increase It's Profits' a little disappointing. The title is not the problem. It is the points he makes and the logical leaps he takes.
In 1998, the new democratic Constitution put in place was claimed to be the best in the world. It promised a better life for all. According to this new Constitution, it was necessary for parliament to pass a certain amount of legislation in order to complete the constitutional process.
Reports of alleged corruption plaguing the Government Employees Medical Scheme (GEMS), one of the vehicles being touted to administer the National Health Insurance (NHI) should not come as a surprise. We note with concern these reports, and stresses to both government and citizens the crucial lesson that must be learned from this scandal.
The Minister of Small Business Development has been parading a draft National Small Enterprise Amendment Bill. The period for allowing interested parties to submit comments about the draft Bill to the department has just ended. This ill-considered proposal would authorise officials to break contracts deemed 'unfair', no doubt causing commercial uncertainty and thereby discouraging larger businesses from contracting with small enterprises. The Bill defeats its own purpose.