Economic justice

White Zim farmers accept R238m interim payment for land compensation

8 April 2018 
 

Former white commercial farmers in Zimbabwe who had their land expropriated under the fast track land reform programme in the early 2000's have accepted government's offer of an interim payment of RTGS$53m (R238m at current exchange rates).

In 2000 Zimbabwe expropriated land from white commercial farmers without compensation and distributed it to landless black people and the connected elite, who now own multiple farms.
 

 

Zimbabwe land compensation

 

11 April 2019 
 

For 64-year-old Ben Gilpin, a white former commercial farmer in Zimbabwe, the country's fast track land reform programme – which started in 2000 and led to the displacement of approximately 3 500 white commercial farmers – has been nothing but traumatic.

In a matter of months, Gilpin lost some 25kgs due to stress
 

 

African Development Bank Board approves $4.8 million grant to accelerate African free trade

 

11 April 2019 

On 1 April 2019, the Board of the African Development Bank (www.AfDB.org) approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into force.

World Bank revises Sub-Saharan Africa economic growth downwards

11 April 2019 

Economic growth in Sub-Saharan Africa has been lowered to 2.3 percent for 2018, down from 2.5 percent in 2017.

That is according to the April 2019 issue of Africa’s Pulse, the World Bank’s bi-annual analysis of the state of African economies released on Monday.
 

 

To read the article titled "World Bank revises Sub-Saharan Africa economic growth downwards" Click here

McBride to testify at Zondo commission

11 April 2019 

 

The Zondo commission of inquiry into state capture is expected to continue on Thursday when head of the Independent Police Investigative Directorate (IPID) Robert McBride takes the stand.

Inquiry chairperson, Deputy Chief Justice Raymond Zondo, postponed McBride's testimony on Monday because the commission's legal team failed to duly notify people McBride is likely to implicate in his testimony.
 

 

Business confidence at lowest level

10 April 2019 

 

Business confidence is at its lowest level this year, according to the South African Chamber of Commerce and Industry's latest business confidence index.

The index dropped 1.6 points to 91.8 in March, the lowest level since the start of the year. The index was 95.1 in January and 93.4 in February.

The figure is also 5.8 points lower than the 97.6 reported in March last year.
 

 

Legit tobacco companies’ tax records

 

10 April 2019 
 

Tobacco Institute of South Africa chair Francois van der Merwe has defended the institute’s member companies, saying none of its members have ever fallen foul of their tax obligations in South Africa.

Van der Merwe was speaking to Fin24 earlier this week after the Sunday Times reported that SARS was pursuing British American Tobacco South Africa for unpaid taxes.
 

ARE FOREIGNERS STEALING YOUR JOBS AND HEALTHCARE? FIND OUT

A 'foreign threat’ could be a convenient boogeyman in an election season where politicians will face questions about their failures. Or not?

Last week, Health Minister Aaron Motsoaledi claimed in a speech at the National Education, Health and Allied Workers’ Union’s (Nehawu) Nurses’ Summit that undocumented immigrants are flooding South Africa and overburdening clinics and hospitals.

When immigrants “get admitted in large numbers, they cause overcrowding, infection control starts failing”, he said.

Eskom's Medupi and Kusile to cost R36bn to complete

4 April 2019 
 

Construction on the Medupi and Kusile power stations will go ahead as the cost of halting the projects will not benefit the economy, the Chairperson of the Eskom board Jabu Mabuza has said.

The power plants are expected to cost R18 billion each.

Mabuza was speaking at a media briefing on the state of SA's power supply on Wednesday along with other Eskom executives and Public Enterprises Minister Pravin Gordhan

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