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Tax Freedom Day 2019

Before you earn a cent, government takes a chunk out of your pay packet in taxes. Today, Saturday 18 May, marks Tax Freedom Day 2019 - the day from when the money you earn belongs to you to fund your and your families' activities and wellbeing.

Unemployment blight can be alleviated with the correct remedy

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.

Free women, free the economy

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.

A tale of two eras: Mandela/Mbeki vs Zuma/Ramaphosa administrations

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.

More South Africans are Choosing U.S. EB-5 Immigrant Investment Visa (Green...

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. 

Prohibiting prostitution is unconstitutional

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.

80,000 businesses lost over 10 years!

What can we do to stop the bleeding? According to SARS data, the number of companies in the financial and business services sector dropped from 222,532 in 2007 to 139,664 in 2016 - a loss of more than 80,000 firms in 10 years.

Reduce restrictions on foreign business

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.

NHI – analysis from a public choice perspective

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.

BOOK REVIEW | Gangster State

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.
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