The tide is turning against the banks - Part 2

Posted 29 October 2013

In Part 2 of our interview with Robyn Zimmerman, a consumer lawyer based in Cape Town, we look at what legal ammunition consumers can bring to their defence in cases where their homes are under threat of repossession, and we look at the fascinating case of Samsodien versus First National Bank. 

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Cancellation of bi-lateral trade agreements sows confusion

Posted 29 October 2013

South Africa recently annulled bi-lateral trade agreements with several European countries, causing disquiet among our trading partners. The new Promotion and Protection of Investment Bill, which is yet to come before the public for comment, is supposed to create a level trading field. But in the hands of the communists at our Trade ministry, anything is possible.

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The tide is turning against the banks - Part 1

Posted 24 October 2013

South Africa's courts have traditionally weighed in on the side of the banks when it comes to home repossession, even though the loans have been securitised and are now under new ownership. But the tide is turning against the banks, says consumer lawyer, Robyn Zimmerman.

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Cape Town couple lay fraud charges against First National Bank over home repossession attempt

Posted 22 October 2013

A Cape Town couple have laid charges of fraud with the police against First National Bank, its parent FirstRand, and a subsidiary company Ikhaya, for trying to repossess their home in contravention of the law.

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Judiciary under attack from the ruling party, but holding firm

Posted 21 October 2013

Dr Anthea Jeffery, head of special projects at the SA Institute for Race Relations, argues that South Africa's constitutional guarantees are being eroded by the ruling party, and new threats have appeared on the horizon.
 

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The de-Americanisation of the world has begun

Posted 16 October 2013

Pepe Escobar argues that the de-Americanisation of the world has begun, accelerated by the current "shut-down" of the US government and the shifting of financial risks overseas. China is no longer prepared to keep a low profile, and the days of US hegemony are fast drawing to a close.

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Mass civil disobedience over e-tolls could sink the ship

Posted 16 October 2013

Despite the recent Supreme Court of Appeal victory for government over its plans to introduce e-tolls, the matter seems likely to go before the Constitutional Court. If this fails, mass civil disobedience will sink this ship, writes Ciaran Ryan 

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Abandon black empowerment, says Ramphele

Posted 15 October 2013

Black economic empowerment has failed and should be abolished, says Agang leader Dr Mamphela Ramphele. It should be replaced by a vastly improved education system that prepares South Africa's young for entry to the economy.  

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The new black empowerment Codes explained

Posted 14 October 2013

Jako Liebenberg explains what the new black empowerment Codes mean for business. The recently held black empowerment summit highlighted a shift in emphasis from entrepreneurship to Broad-Based Black Economic Empowerment development in the industrial sector.

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We need to redesign BEE from top to bottom

Posted 08 October 2013

As Trade and Industry minister Rob Davies unveils the new-look Codes of Good Practice aimed at accelerting black economic empowerment (BEE), Mark Barnes argues that a complete overhaul of the system is required.  

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Black middle class has more than doubled in eight years - Zuma

Posted 06 October 2013

South Africa's black middle class has more than doubled over the last eight years, growing from 1.7 million South Africans in 2004 to an estimated 4.2 million in 2012, due in large measure to tranaformation measures introduced by the government, said President Jacob Zuma at the recent B-BBEE Summit in Midrand.

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SA's unemployment is a ticking time bomb - and probably vastly understated

Posted 03 October 2013

South Africa's unemployment rate is either 25% or 40% depending on your definition. The problem is, the number crunchers do not count those who are too apathetic to look for work, so the figure could be much higher, or the informal sector is much bigger than anyone would have us believe. 

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Stop patronising black people

Posted 01 October 2013

Walter Williams says white progressives' attempts to help black people by way of quotas and special favours is only creating dependency on handouts, and we all know how that ends. 

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New minerals bill will further hobble the mining industry

Posted 25 September 2013

Anthea Jeffery, head of special research at the SA Institute of Race Relations, argues that the Mineral and Petroleum Resources Development Amendment Bill will impose a raft of unrealistic expectations on an already embattled mining industry in South Africa.

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Employment Tax Incentive Bill comes under attack

Posted 23 September 2013

The Democratic Alliance says the Employment Tax Incentive Bill, which introduces a youth wage subsidy, misses the mark by watering down the benefits originally suggested three years ago.

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Business cries foul over new labour law

Posted 18 September 2013

The business sector is up in arms over the almost complete disregard for its objections to the Employment Equity Amendment Bill, paving the way for a possible challenge in the Constitutional Court.

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Afriforum wins compensation over Zimbabwe land grab

Posted 17 September 2013

Lobby group Afriforum has won a landmark case in South Africa against the Zimbabwean government, winning compensation for Zimbabwean farmers dispossessed during the infamous land seizures. This opens the door to further legal action, says Afriforum.

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Draft Minerals Bill will discourage investment in SA

Posted 11 September 2013

The draft Mineral and Petroleum Resources Development Amendment Bill of 2013 vests the minister with sweeping and arbitrary powers, and will drive away investment, says the SA Institute of Race Relations. 

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The politics of faeces

Posted 11 September 2013

The DA has tried to get the police in the Western Cape to round up the ANC Youth League "poo chuckers" who have vowed to make the province ungovernable. The police have been derelict in dealing with what is clearly a criminal - not a political - matter.   

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Credit amnesty for 1,6 million blacklisted South Africans

Posted 06 September 2013

The government has swept aside objections from the banking industry and decided to force credit bureaus to remove adverse credit information on 1,6 million South Africans - many of them public servants - who have been blacklisted but have paid off their debts. The move has been labelled a "vote catching" exercise ahead of next year's elections.

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The war between sunshine and authentic investigative journalism

Posted 05 September 2013

There is a war going on between sunshine and authentic investigative journalism, says Anton Harber. Carrying the flag for the ruling party are the new ANN7 channel, The New Age Newspaper, and now Independent Newspapers, following its acquisition by Sekunjalo.  

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DA criticises Legal Practice Bill for "fusing" attorneys and advocates

Posted 04 September 2013

The Legal Practice Bill, which creates a unified legal council for both advocates and attorneys, has been attacked by the Democratic Alliance as "fusion by stealth". This bill seems likely to be challenged in court should it pass in its present form. 

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Move to impeach the Chief Justice

Posted 03 September 2013

Paul Hoffman SC of the Institute of Accountability in Southern Africa has filed a complaint of gross misconduct against the Chief Justice of South Africa, Mogoeng Mogoeng, over what is alleged are racist and sexist remarks that could lead to his impeachment.

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ANC has led business and Democratic Alliance up the garden path on racial preferencing

Posted 02 September 2013

John Kane-Berman of the Institute of Race Relations says the reiteration of failed race policies in the National Development Plan and the amended Broad Based Black Economic Empowerment (BBBEE) is nothing short of madness.
 

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New anti-corruption unit deserves public support

Posted 29 August 2013

Yet another anti-corruption unit is proposed to tackle fraud and corruption in the public sector. But this one is different, and deserves public support, says David Lewis of Corruption Watch.

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