Latest from the IRR

Ratcheting up the BEE rules, yet again – BizNews, 21 April 2016

By the end of this month – less than a fortnight away – the Department of Trade and Industry (DTI) plans to gazette the final version of the draft Broad-Based Black Economic Empowerment Regulations (the regulations) it published in mid-February 2016 for comment within 30 days.

BEE doesn’t work, but EED would – BizNews, 7 April 2016

In a speech last month the deputy president, Cyril Ramaphosa, said the government was ‘obsessed with empowering black South Africans’ and was sometimes ‘fanatical’ about it. It now planned to ‘intensify’ black economic empowerment (BEE), for it was ‘hell-bent on ensuring that blacks owned and managed the economy’. Added Mr Ramaphosa: ‘Those who don’t like this idea – tough for you. That is how we are proceeding.’

Few benefit from South Africa's empowerment policies

6 April 2016 – A report published by the IRR today notes that very few South Africans benefit from current empowerment polices. Since these policies have failed to benefit the poor and disadvantaged, few people support them either.

IRR report warns on growth forecasts, debt and deficit levels

4 April 2016 – A report released by the IRR has warned that Treasury growth forecasts to 2018 may be on the high side, and that there is a considerable degree of risk that deficit and debt targets set out in the recent budget will not be achieved.

IRR response to Jacob Zuma comments this evening

1 April 2016 – Our considered view is that the Zuma exit is likely to be a far more orderly and less dramatic departure – staged over the next 18 months – than the sudden once off announcement some analysts anticipated for this evening.

Waarom dan nie wit mense laat gaan? – Rapport, 27 March 2016

’n Gewilde storie in ons land is dat die koloniale bewind die begin van vele van Suid-Afrika se probleme was. Pres. Jacob Zuma het onlangs aan die raad van tradisionele leiers gesê kolonialisme “is die “bron van die armoede en ongelykheid wat die skandelike kenmerk van ons nasie geword het en ’n struikelblok vorm vir ’n toekoms van gedeelde voorspoed”.

IRR warns on fuel price hike

23 March 2016 – The IRR has warned that if the Rand and oil prices remain at their current levels motorists could expect a fuel price hike of 41c/litre in April. On top of that the increase in the fuel levy announced by the finance minister in his recent budget speech could see motorists paying between 70c/litre and 80c/litre more for fuel.

Hoe om die stryd in die ANC te verstaan – Rapport, 14 March 2016

Die ANC is in ’n oorlog gewikkel. As ’n mens die bewysstukke saamvoeg, bestaan die ANC nou uit twee breë kampe wat ons as die linker- en regtervleuel van die party beskryf. Ons bronne is nie onberispelik nie, maar ons is daarvan oortuig dat die ontleding hieronder grotendeels akkuraat is.

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