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Industry grinds to a halt. Traffic stands gridlocked. Lights in dangerous areas go out. People sit in the dark. Whereas Christmas should usher in a time of jovial spirit, this December once again brings in load-shedding for South Africans.
The draft Bill aimed at shoring up struggling banks violates the 'rule of law' by authorising unequal treatment without identifying objective differences to justify it. In addition, in dispensing with equal treatment merely because someone at the SA Reserve Bank, without objective criteria, determines that such action is necessary.
The executives of Momentum insurance appeared recently to have been coerced under popular pressure into making payment of a void policy, thereby upending over 250 years of sound global application of the common law.
Freedom is the most important human right. Over the years, people of all nationalities, races and cultures have always migrated from oppressive regimes to countries where they enjoy greater freedom. The most liberal countries – like South Africa on the African continent – attract the most refugees. Liberty gives meaning to human existence; it is what we yearned for when we were under the yoke of apartheid. We sought true freedom; not only civil liberty but also economic liberty.
There is a humorous saying: 'The definition of insanity is doing the same thing over and over and expecting different results. 'It’s often attributed to Albert Einstein, but he isn’t the one who said it. It isn’t the definition of insanity either—but it does describe a trait we could call crazy. Our species tends to repeat past mistakes hoping our 'good intentions' will be enough to change the results—this time.
Removing the right to compensation when expropriating property that is currently contained in section 25 of the Constitution, will be a lethal blow to the legitimacy and stability of our constitutional order if done under present conditions.
It is a well-known fact that the ANC sees itself not primarily as a ruling party, but rather as a movement. This means that it needs to justify its continued existence in terms of the attainment of the objectives given at the organisation’s founding. The need to do this is what informs former President Thabo Mbeki’s critique of the Expropriation Without Compensation policy (EWC) through the 'leak' of his foundation’s memo.
Discovery CEO Adrian Gore mentioned at the recent Leadership Summit that there is an element of 'declinism' - a pessimism about the state of one’s country - in South Africa, and that it did not accurately represent the situation facing our country.
A market for electricity has a salutary effect on the behaviour of all the participants in the generation and supply of electricity. Generating plants, transmission grids, distribution grids, wholesalers and retailers, all behave differently when they compete for business with alternative suppliers.