Why the DA's move to impeach Zuma is the right thing

Posted 04 April 2016

Despite the commentariat's claim that only the ANC can reform itself, the Democratic Alliance is right to ignore them and proceed to bring impeachment proceedings against President Zuma, writes Gareth van Onselen.

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Just look who is calling Rupert a racist thief

Posted 01 April 2016

Johann Rupert is accused of being racist, monopolist and a thief by some interesting people. This comes at a time when the ruling party is trying to change the subject from Nkandla, the Guptas and Zuma. Predictable stuff, but Leon Louw sets the record straight. 

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California court opens door to wrongful foreclosure suits

Posted 28 March 2016

A recent decision by a California court opens the door for homeowners who were wrongfully dispossessed of their homes to pursue legal action against banks, even if they were in default, according to the LA Times.

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The banks' business model is foreclosing on homeowners

Posted 28 March 2016

A recent analysis by the Wall Street Journal reveals that precious little of the $110 billion in damages awarded against banks for mortgage fraud and irregularities did not go to the 6m homeowners who lost their properties. Most of it went to the Treasury. 

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The mental disease called socialism

Posted 23 March 2016

Socialism proceeds afoot despite more than a century of evidence that it is a catastrophic failure. Those who belong to this church are motivated by selfish interests, ignorance, or immunity from evidence, argues Leon Louw. All the stated objectives of socialism - especially uplifting the poor - are better achieved by free market principles. 

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E-tolls protest is in a fight to the death

Posted 23 March 2016

SA National Roads Agency (Sanral) is threatening to issue summonses against motorists who refuse to pay their e-tolls. This probably signals the end of the e-tolls system. Some of the best legal minds in the country are lining up to defend Gauteng motorists against Sanral with the aim of sinking this ill-begotten scheme.

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The contribution of whites to the fall of apartheid

Posted 21 March 2016

The contribution of white South Africans to the fall of apartheid is frequently underplayed, but a recent event hosted by the Free Market Foundation put the record straight. 

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Downgrade is inevitable

Posted 21 March 2016

Given the rash of revelations of SA's "capture" by the Guptas, the disastrous hiring and firing in the finance ministry, and the "nothing going on here" attitude of the ANC, a ratings downgrade seems inevitable. The smugness of the ruling party in the face of disaster is reminiscent of the dying years of the National Party. 

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The fall of Zuma and the Guptas

Posted 17 March 2016

Revelations that the wealthy Gupta family have been offering ministerial posts to ANC members has shaken the political establishment to its core. It's clear that President Zuma's days are numbered - and with him will go the shadowy influence of the Guptas.

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Consumer rights are slipping away

Posted 15 March 2016

Consumer rights in South Africa are under assault, says a recent paper from the Free Market Foundation. The erosion of these rights is an assault on South Africans' constitutional rights to dignity and information, all neatly packaged as "protection of consumer rights." Take a look at some of the monstrosities served up by government.

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Memo to Moodys: Zuma is the cause of our demise

Posted 14 March 2016

Dear Moodys, before you downgrade SA to junk status, give us a few more months to get rid of the cause of all our troubles - Jacob Zuma. Once that happens, South Africa's resurgence can begin, writes Wayne Duvenage.

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Why the Swedish economic model won't work in SA

Posted 08 March 2016

Historian Johan Norberg recently explained in Johannesburg why the Swedish economic model will not work in SA. Sweden's wealth was not built on welfarism, but on a rigorous observance of free market principles.

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Despite what you hear, race relations in SA are good - report

Posted 07 March 2016

Despite what you may have heard in the media over the last few months, race relations in SA are actually quite good, according to a recent survey by the Institute of Race Relations.

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Securitisation is legal. Or is it?

Posted 04 March 2016

In the second part of this series on securitisation, Jack Darier delves deep into the lies and deception that have allowed the banks to repossess upwards of 10,000 homes a year in SA. In this instalment, he explains to get obtain information on securitisation.

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Securitisation and debt markets: an industry of lies and deception

Posted 02 March 2016

In the first of this two-part article, Jack Darier delves into the murky world of securitisation, and how banks are able to side-step the law in grabbing the homes of upwards of 10,000 South Africans each year. It's all accomplished with legal trickery and the blessing of the courts.

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Gordhan's budget was a bid to save SA from credit junkyard

Posted 01 March 2016

Pravin Gordhan's budget was aimed not so much at trade unions or the party faithful, but at the ratings agencies, writes Tony Leon. History teaches us that a country which loses its credit rating is indeed headed for the junkyard.

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Judge slaps down ANC allies in labour court challenge

Posted 26 February 2016

The Free Market Foundation won a major victory in the Pretoria High Court this week when Judge John Murphy intervened, effectively declaring that bargaining council agreements must be subject to judicial review. This, says, the FMF, is a major victory for labour freedom and the unemployed. 

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The Budget in a nutshell

Posted 24 February 2016

Higher taxes on the rich, a freeze on public sector hiring, a valiant if over-optimistic attempt to rein in public debt - it's all there in the Budget announced today by finance minister Pravin Gordhan. Here are the highlights.

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Budget reaction: smiles and tears

Posted 24 February 2016

Opposition parties were less than enamoured with much of what finance minister Pravin Gordhan announced in his latest budget today. Here we take a look at some of the reaction from Grant Thornton executives.

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The day Zuma handed over power to Gordhan

Posted 24 February 2016

President Zuma's swagger is gone, replaced by a diminished man in trouble. This was evident during his State of the Nation address. As Allister Sparks points out, Zuma has effectively handed over control of the country to his finance minister, Pravin Gordhan.

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Gauteng freeways cost 321% more than comparable roads

Posted 23 February 2016

A new study shows that the SA National Roads Agency (Sanral) overpaid by R10bn or 321% when compared with other roads projects completed around the world. There is something grossly wrong with Sanral's road construction, for which Gauteng motorists are being repeatedly flogged. 

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Americans are ready to vote out the bums

Posted 19 February 2016

It's been called the Second American Revolution. Outliers Bernie Sanders and Donald Trump are rattling the political establishment in ways that hav not been seen in nearly 50 years. It's a sign that the political establishment is in trouble.

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Can SA escape the boiling pot in time?

Posted 18 February 2016

President Zuma is not having an easy time of it. His State of the Nation address was an attempt to appease the left while pretending to promote investment. If there is one ray of sunshine in this mess, it is that Zuma will actually subject proposed new laws to economic impact assessments, to see whether or not they will do harm or good. 

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Unemployment, not racism, is SA's biggest problem

Posted 16 February 2016

The most pressing problem facing the country in the eyes of ordinary South Africans is unemployment. It is not racism, despite what many politicians would have you believe, according to Anthea Jeffery of the Institute of Race Relations.

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Zuma's state of the nation address insufficient, say analysts

Posted 15 February 2016

President Zuma's state of the nation address was aimed at becalming a troubled country, but it may not be enough to avoid the inevitable ratings downgrade and electoral thumping the ruling party is likely to receive later this year. 

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