IRR to investment funds: are you on the side of hard-working South Africans, or of the government?
8 July 2020 - Will investment funds take a stand against the expropriation of pensions and savings? This is the question the IRR will soon be putting to investment funds across the country.
8 July 2020 - In the midst of the worst economic crisis since the 1930s, South Africa’s ruling party is determined to continue pushing ahead with a policy trajectory that helped bring the crisis about.
8 July 2020 - In Groundhog Day fashion, every move forward reverts to where it started. And it is delusional to imagine progress under these conditions.
8 July 2020 - Finance minister Tito Mboweni used the image of a gluttonous hippopotamus to describe South Africa’s debt position. Unfortunately, it is becoming increasingly apparent that pensions and savings are to be used to feed it.
Will banks expect South Africans to pay off debt on expropriated properties? – IRR
7 July 2020 - The IRR is this week relaunching an open-letter campaign to ask the banking sector a fundamental question: will they expect their clients to pay off debt on properties expropriated without compensation by the government?
6 July 2020 - ‘For a country such as ours, which was already facing an unemployment crisis and weak economic growth, difficult decisions and difficult days lie ahead.’ So wrote President Cyril Ramaphosa, communicating his thoughts about future holds for South Africa’s economy and for those who depend on it.
6 July 2020 - Mmusi Maimane, former leader of the official opposition, is enthusiastic about the recent ruling by the Constitutional Court that it is unconstitutional to stipulate that citizens may be elected to Parliament and provincial legislatures “only through their membership of political parties”.
6 July 2020 - Despite some optimistic predictions that the Covid-19 pandemic would compel some economic prudence on the part of the government, parliament’s decision to re-establish the ad hoc committee on amending section 25 of the constitution shows that the established policy agenda is well on track.
3 July 2020 - South Africa's 2% slide in GDP underlines the challenge facing President Cyril Ramaphosa's administration: far reaching economic reforms are unavoidable if the country is to stage an economic recovery.
1 July 2020 - If nothing else, the emergency budget should have made clear just how serious SA’s debt position is. The finance minister’s image of debt as a ravenous hippopotamus is a salutary, and accurate, one. What SA borrows must be repaid.
1 July 2020 - South Africa’s economy, battered and bruised, is now reopening. Over the past few weeks, much has been said about how the post-Covid-19 world would (or at least needed to be) vastly different from what went before.
1 July 2020 - Minister of Finance Tito Mboweni’s calls for pension funds to be used to fund government expenditure is noted with great concern.
