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Welcome to the land of good intentions and bad policies

04 February 2016

Land reform might be central to government’s ideological objectives, but it cannot serve as centrepiece of serious economic reform policy


Gwede Mantashe — PICTURE: GALLO IMAGES

Gwede Mantashe — PICTURE: GALLO IMAGES

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.

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