SA has highest number of dollar millionaires

South Africa has the highest number of dollar millionaires on the African continent and this number is set to rise in coming years, according to Old Mutual’s New World Wealth Africa Report for 2015 released on Wednesday.

The report predicted … Read the rest

South African business ‘schocked’ by new black ownership rules

Unless South African businesses hand over large chunks of equity to black shareholders, they will no longer be awarded so-called “BEE points” by government, which means that they could be forced out of business. According to the Johannesburg financial newspaper, … Read the rest

South Africa sliding backwards economically under black rule

Finance Minister Nhlanhla Nene will have his work cut out at next week’s budget to try and reassure disillusioned South Africans that the government still has gas in its tank to pull the economy out of the doldrums.

Twenty years … Read the rest

Quintessential liberal failures: Affirmative Action

Affirmative actionby Deon van Rensburg

In this series of opinion pieces I will attempt, and more often than not, succeed, in highlighting liberal failures. In the process I hope to shine a very bright light on the inherent hypocrisy associated with … Read the rest

Maponya criticises BEE

Richard Maponya
Richard Maponya

Businessman Richard Maponya criticised the government and black economic empowerment in an interview published in the Sowetan on Monday.

“It (BEE) is not a real thing because it takes away the self-initiative needed from young and up and … Read the rest

Sasol axes shady BEE partner

sasol2Petrochemical giant Sasol has pulled the plug on a shady empowerment deal with union boss Simon Mofokeng and wife Maureen after Business Times exposed how they used fake documents to clinch contracts worth over R300-million.

But this still leaves questions … Read the rest

Poverty engulfing SA’s white middle class

The white middle class struggling
The white middle class struggling

It was not only the poor who were hard hit last year. As many as 116000 “financially comfortable” households have fallen on bad times.

Slowing economic growth and rising unemployment hit many a household classified … Read the rest

The drum beat on SA land grab quickens

by TAU Bulletin

During the South African Truth and Reconciliation Commission hearings in the late nineties, the  Commission declared in its findings that there were four different kinds of truth. The Commission “rejected the popular assumption” that there are only … Read the rest

A challenge to advocates of Affirmative Action

Kevin_King

by Kevin King

A few months ago I read an article entitled “Some perspective for racist whites in SA” by Hanjo. If you haven’t yet read it please do so. In his letter, Hanjo basically says the following … Read the rest

Nothing maverick about The Daily Maverick’s sucking up to Woolworths

The Daily Maverick should rebaptise itself as “The Cute Conformist”, for that is really what it is, a bunch of people who sound like your average ANC propagandist on the SABC, except they think they are cute.

One such very … Read the rest

US-style ‘minority procurement’ or BEE is ill-suited to South Africa

by Dan Roodt

Deputy President Motlanthe’s call for black business to become more “cost-competitive” in tendering for state business is another noble-sounding ideal denied by reality.

South Africa is so committed to race preference that there is no turning back. … Read the rest

Black business should stop charging double prices to government, says Deputy President Mantashe

Black business should deliver affordable, quality products and services if it wants government contracts, ANC secretary general Gwede Mantashe said on Tuesday.

“As we support black business, black business must bring a commitment of delivery, cost-competitive and quality of items … Read the rest