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Remove impediments to the spirit of enterprise to achieve economic growth

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South Africa’s economy is in a mess, to say the very least, and all this is solely and exclusively the fault of policymakers. Everything has gone horribly wrong! Yet it is not all beyond redemption.

Reserve Bank’s inflation of money supply makes us poorer and is...

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The South African Reserve Bank (SARB), historically finding its expression in the Currency and Banking Act of 1920, is today premised on section 224(1) of the Constitution. Has the Reserve Bank been acting constitutionally since its legal foundation changed? Has it been protecting the value of the Rand in the interest of balanced and sustainable economic growth as required? How would the Reserve Bank meet its constitutional objective?

Rent seeking – what does it profit a people?

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Some societies are better able than others to withstand adverse weather events such as droughts and storms, and even earthquakes, with fewer deaths and less economic and social disruption. Such societies also seem to have less crime, greater social cohesion, and greater economic optimism.

The end of insurance commission regulation

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Fixing prices is not the terrain of the Financial Services Conduct Authority (FSCA). In a recently published article, my colleague Dr Brian Benfield called for the outright abolition of regulatory price fixing with regard to the distribution of insurance products (i.e. insurance commission regulation Biznews). Indeed, it is astonishing that these regulations still exist.

No legislation enables the FSCA to beget transformation – part 2

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The Financial Sector Conduct Authority (FSCA) wishes to usurp the Broad-Based Black Economic Empowerment (B-BBEE) role of the Minister of Trade and Industry, to make missing a transformation target an offence, and to make the Sector serve two masters (continued from PART 1).

No legislation enables the FSCA to beget transformation – part 1

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The Financial Sector Conduct Authority (FSCA) wishes to usurp the Broad-Based Black Economic Empowerment (B-BBEE) role of the Minister of Trade and Industry, to make missing a transformation target an offence, and to make the Sector serve two masters. Yet it fails to produce even a basic Impact Assessment.

Unions, violence and inequality before the law

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South Africa is hailed as the country with the most progressive of labour regimes. We have a constitution that has explicit labour relations rights in section 23. We also have a myriad of supporting legislation such as the Labour Relations Act and the Basic Conditions of Employment Act, amongst others.

Private, community-driven initiatives best route to combat SA’s ills

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As South Africans continue to suffer from numerous government failures, there is a small ray of hope emerging. The private sector is stepping up to do the job where they are allowed to do so. This is exemplified in three stories that came out in the first two weeks of June.

Consequence adjustment

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The ANC government continues to ride roughshod over the interests of the country without consequence. All their opponents in politics, in business, in churches, and in civil society, wail and weep without noticeable effect. Ramaphosa and his minions are masters of realpolitik - how to prevail over all opposition, how to pull the levers of influence, how to whisper veiled threats in the right ears.

The private sector is the people’s sector

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The private sector in South Africa is seen as an evil that must be heavily restricted if not expressly prohibited. For a country wherein government service delivery is poor to say the least, one would expect that private enterprise, which keeps us safe through the various security firms and healthy through the various hospitals, would be celebrated.

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