This week past, the COSATU policy positions for the general elections next year was published. Some of this makes for fun reading:
50% of private retirement funds must be invested in job creating projects and in SOEs;
50% tax rate for companies and deceased estates;
interest free loans for women and co-op’s;
limits should be placed on foreign companies and the repatriation of capital.
Reading this makes one realise that locally, education was a failure! The fact is that the above wish list is seriously out of touch with reality – you must love the first: who in his right mind would want to invest his life savings in a South African SOE?
a Harvard professor has suggested that elite universities employ an admissions lottery which would shift admissions from merit to a more diverse group. It appears that current admission systems tend to reproduce inequality. Take a look: Reference
