04 February 2016
Land reform might be central to government’s ideological objectives, but it cannot serve as centrepiece of serious economic reform policy
By Frans Cronje
ANC secretary-general Gwede Mantashe says the governing party is concerned about the prospects for recession and further ratings downgrades, and that the government must do everything possible to stage a growth recovery. In practice, quite the opposite is happening — the policies of the government seem almost calculated to engineer a recession.
The Private Security Industry Regulation Amendment Bill requires foreign-owned businesses to transfer 51% of ownership to South Africans, creating uncertainty as to whether the government is intent on large-scale “indigenisation” along the lines of what is happening in Zimbabwe.
Read the full article from Rand Daily Mail.