The Zondo commission’s recent reports have provided chapter-and-verse on the fraud and inflated pricing that bedevilled so many of the Gupta-linked procurement contracts entered into by Transnet and other state-owned enterprises during Jacob Zuma’s presidency.
Leave it to the current generation of central bankers with their abundance of God complexes to believe that they can shape anything but the very shortest end of the yield curve.
Must honest South Africans pay for Eskom’s sins and follies? I’m afraid we must. If we don’t, the economic consequences for the country are calamitous.
When President Cyril Ramaphosa visited Soweto last year to campaign in the local government elections, there were serious protests.
Now that the ANC’s attempt to rewrite the property clause (Section 25) in the Constitution has been defeated, the ruling party plans to achieve its expropriation-without-compensation (EWC) objectives via the Expropriation Bill of 2020 and the Land Court Bill of 2021.
President Cyril Ramaphosa frequently talks about the need for structural economic reform in his State of the Nation addresses and elsewhere. But what our government wants falls well short of anything that could be described as reform in the conventional sense.
