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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Morgan Stanley to pay $3,2bn over "flawed" mortgage loans

Posted 11 February 2016

Morgan Stanley is the latest US bank to fess up to its role in the grand heist of 2008 when it fleeced investors and dumped subprime mortgages onto unsuspecting investors. It will cough up $3,2bn we learned this week. Bank of America agreed to pay $16,6bn in 2014.

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Racial inequalities show up in matric results

Posted 10 February 2016

An examination of matric results by the Institute of Race Relations shows whites scoring higher marks than other race groups. This suggests not nearly enough has been done to deliver quality education to black South Africans, according to the Institute. 

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Malema is SA's disastrous Hugo Chavez in waiting

Posted 08 February 2016

Julius Malema has fashioned himself on the late Venezuelan president Hugo Chavez, seemingly oblivious of the fact that one in 10 Venezeulans plan to leave the country of their birth - such is the economic misery visited on them by the Chavez revolution. David Pilling of the Financial Times took Malema to lunch and ended up paying for seven of his comrades.

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ANC veteran Denis Goldberg rips the ruling party a new one

Posted 05 February 2016

ANC veteran Denis Goldberg, friend of Nelson Mandela and a Rivonia trialist who spent 22 years behind bars for his political beliefs, says the ruling party is in for a nasty shock in the upcoming local elections. He also wonders how millionaire Julius Malema can speak for the poor.

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The case for less rather than more regulation of financial services

Posted 05 February 2016

The government is intent on micro-managing the financial serices sector with layer upon layer of regulation. Now it is the turn of insurers. New regulation will be dumped on the sector despite evidence that customers are on the whole rather satisfied, writes independent consultant Gerrit Sandrock.

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You can get fired for racist or offensive social media posts

Posted 02 February 2016

Employees should ralise that they can be dismissed for offensive or racist social media remarks. Nothing posted in this digital age is considered private or irrelevant, according to Werksmans Attorneys. 

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Government using legal sophistry to by-pass the constitution

Posted 31 January 2016

The judiciary has genuflected to Parliament's ongoing assault on property rights. As LLB student Martin van Staden points out, no society prospers where property rights are under attack. The result is inevitable: South Africans will continue securing their property rights in more hospitable climates abroad.

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SA does have a race problem, but not the one you think

Posted 29 January 2016

The witless Penny Sparrow has ignited a racial furore over her offensive remarks about blacks on SA's breaches, and rightly so. But most whites do not think like her. Yet SA does have a race problem, and its source is a government intent on using racial engineering to benefit a few.

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