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Government's first duty is to protect the rights of citizens. Instead, ours has prioritised yet another bailout of R10.5 billion for the failed South African Airways (SAA), with a further R6.5 billion in the pipeline. This while citizens die in hospitals lacking basic personal protective equipment, staff and oxygen supplies, and there remains no vaccine on the horizon.
According to Stats SA, the country has about 58.8 million people living in the country. Of those, 8.8 million pay for private medical cover, and the Council for Medical Schemes’ annual report shows that they pay a collective sum of R179.8 billion a year, at an average contribution rate per member of R1,695.10 per month.
South Africa’s access to healthcare and housing is 'increasingly deteriorating', according to the 2020 Ibrahim Index of African Governance (IIAG). The IIAG assesses governance in 54 African countries based on public goods and services that citizens have a right to expect from their governments, and the responsibility of a government to deliver.
Made in South Africa: A black woman’s stories of rage, resistance and progress is a vibrant collection of essays in which Lwando Xaso examines, with incisive clarity. Some of the events shaped her experience of her homeland South Africa – a country with huge potential but weighed down by persistent racism and inequality, cultural appropriation, sexism and corruption; all legacies of a complicated history.
An interview with Stephen Katzenellenbogen, Senior Executive, Private Wealth Manager, NFB Private Wealth Management, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing an article penned by Andrew Duvenage, Managing Director, NFB Private Wealth Management, apropos the ANC’s Economic Transformation Committee proposal outlining changes to Regulation 28 of the Pension Funds Act.
South Africa has faced many crises before, but the one we are now in has convoluted our collective thinking about what true leadership is all about. The political atmosphere in the country has deepened the leadership question and has resulted in creating a tense and protest-filled environment.
Earlier this year, the ANC’s Economic Transformation Committee published a proposal outlining changes to Regulation 28 of the Pension Funds Act. Regulation 28, which controls the extent to which retirement funds may invest in particular asset classes.
The furore around the awarding of a contract to a politically connected individual’s company shows that government has not yet accepted its role as custodian of good governance for South Africa Inc, and the extent of public disenchantment with perceived corruption.
The last few months have left South Africans reeling. A volatile and unstable economy, concerns around government corruption, crime at an unsurpassed high and soaring price, are leaving citizens disheartened and concerned about their future in our country.