Economic growth is a function of the size of the workforce, the amount of capital employed and the rise in productivity. If the workforce shrinks, as demography shows it will, all the growth will have to come from capital investment and productivity improvements. To counteract a shrinking labour force, the
Edward West reports in the Business Day (Factories shut over minimum pay row, May 4, 2011) that, the National Bargaining Council for the Clothing Manufacturing Industry recently closed two factories in Newcastle, KwaZulu-Natal, in an effort to force employers to pay government legislated minimum wages. West reports, South African Clothing
Reinforced by decades of Supreme Court decisions that have gutted the Framers' original conception of limited government, the Obama administration has embraced an unprecedented expansion of centralised control. A new study by Robert A. Levy, chairman of the Cato Institute, addresses the Patient Protection and Affordable Care Act (PPACA), which
In the Saturday Star (Tackling Africa’s greatest killer, Apr. 23, 2011) Sheree Bega interviews Prof Tiaan de Jager on ways of controlling malaria and reports, “Due to effects on health associated with DDT exposure, the UN and the World Health Organisation (WHO) propose to reduce the application of DDT worldwide
South Africa has joined Brazil, Russia, India and China in the BRICS co-operative alliance. It now has a chance to play a big role in the worlds markets. If it has the courage to adopt one strategic policy, it could become a world leader.
On 17 February 2009, I wrote that
Last week’s high court ruling in favour of AgriSA’s expropriation claim against the minister of mineral resources is a judicial shot across the bows for advocates of mine nationalisation.
The Pretoria High Court’s decision that the mere enactment of the Mineral and Petroleum Resources Development Act (MPRDA) in May 2004 brought
