Speaking at the Goldman Sachs investor conference on Wednesday, President Ramaphosa attempted to address investors’ concerns regarding expropriation of property without compensation (EWC). He has repeatedly said that EWC will happen, while also trying to reassure both South Africans and …
Continue reading
Expropriation without compensation (EWC) is likely to become the biggest barrier to entry into the modern economy for millions of South Africans. It also has the potential to destroy the unstable, complicated and unreliable economic organization that has evolved in …
Continue reading
The violence against innocent worshippers in Sri Lanka brings back to mind the Christchurch killings in New Zealand. Both were results of hate and intolerance. For the many African countries facing similar problems, they may well have lessons to learn …
Continue reading
Each year, I construct a Misery Index. The idea of such an index to measure economic misery was introduced by economist Art Okun in the 1960s as a way to provide President Lyndon Johnson with an easily digestible snapshot of …
Continue reading
In June 2018, a Nigerian senator, Shehu Sani bore his mind on the outrageous monthly allowance of members of the Nigerian Senate. While each Nigerian Senator earns ₦162 million ($450,000) annually in allowances, and ₦9 million ($25,000) as …
Continue reading
Stats SA recently announced South Africa’s unemployment rate has increased to 27.6 percent. The expanded rate increased to 38 percent, which translates to 9,994,000 unemployed people. It’s a wonder that SA’s unemployment rate isn’t above 45 percent at this point—SA’s …
Continue reading
The Federal Government’s (FG) plan to arm officers of the Federal Road Safety Commission (FRSC) is a misplaced priority. At a time when most security agencies in Nigeria have earned notorious reputations for brutality and extrajudicial killings, an armed FRSC …
Continue reading
What do Slobodan Milosevic, Robert Mugabe, and Nicolás Maduro have in common? Other than being leaders who kept the Communist Manifesto at their bedside, all three ushered in devastating hyperinflations.
Hyperinflations are rare. They have only occurred when the supply
In South Africa, it is well known that women suffer the brunt of our many social and economic issues. This is largely how females are viewed across South African culture, rather than as a matter of law. According to the …
Continue reading
Ghana’s Right to Information Bill (RTI) drafted in 1999 by the Institute of Economic Affairs (IEA) and passed by Parliament on March 26, 2019, is set to be implemented in January 2020. But the bill still needs the President’s assent …
Continue reading
