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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.
In South Africa it is well known that women suffer the brunt of our many socio-economic issues. This is largely how females are viewed across South African culture, rather than as a matter of law. According to the Economic Freedom of the World index, South Africa scores 1.0, the highest possible score, according to the gender adjustment variable.
It is an unmitigated moral tragedy that in the year of celebrating what would have been Mandela’s 101st birthday, the incumbent government has betrayed him on an issue about which that he felt strongly. This is the resolution by parliament to make it constitutionally permissible to expropriate land without compensation (EWC). Despite the rhetoric to the contrary, the resolution does not exempt anyone, not any racial group or entity.
South Africans are surging towards the popular United States EB-5 Immigrant Investment Visa program ahead of possible price increases that will likely place the EB-5 program out of reach for many other than for the uber-rich. NES Financial, the leading EB-5 financial brokerage in the U.S., has estimated a 600% increase in EB-5 petition filings from South Africans this fiscal year from three years ago.
President Cyril Ramaphosa recently announced that sex work might soon be decriminalised. If true, it will mark the end of an era that will be remembered as a stain on our constitutional democracy. The right to be a sex worker is guaranteed in the Constitution, and the hereinto prohibition thereof has been the result of errant jurisprudence rather than a respect for the Rule of Law.
There is no denying that we live in the most technologically advanced era the Earth has ever seen and this is due to property rights and free trade. Removing restrictions on trade between individuals in a country is important, but removing restrictions on trade between individuals in different countries is arguably even more important given the enormous size of the global market compared to any single country’s domestic market.
The NHI is set to be South Africa’s version of universal healthcare where resources are pooled in order to provide health services for everyone. Apart from the many flaws in the manner in which it is being implemented, a most serious flaw is that it is going to be prohibitively expensive. Scant attention has been paid in the South African public discourse to the structure of the proposed system and the problems inherent therein.
In spite of Cyril Ramaphosa’s ‘new dawn’, there are powerful forces in the ruling party that risk losing everything if corruption and state capture finally do come to an end. At the centre of the old guard’s fightback efforts is Ace Magashule, a man viewed by some as South Africa’s most dangerous politician.