Business Review 2018 – 14

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;...

Business Review 2018 – 13

Have you ever wondered why Muslims do so well at business? They are a community of traders and entrepreneurs descended of Indian and Arab- Muslim traders and involve themselves in community collaboration. Hate them or love them, the fact is that they, much like the...

Business Review 2018 – 12

For the first time, since 2009, State capex has decreased – by R12bn. It appears that those who backed off most were Prasa and TransNet. The Statistician General recorded that municipalities had spent R63bn on capital expenditure and R331bn on “operational...

Business Review 2018 – 11

Most ex large-practice conveyancers have a love/hate relationship with banks. I share the sentiment. I business-bank with Nedbank to access, what has become the industry standard for handling client deposits and guarantees, Corporate Saver. Having declared my...

Business Review 2018 – 10

It is common cause that our SOE’s have been managed into financial difficulty. What to do? Lend money from the public service pension scheme to such an entity and convert the loan to equity and voilà, the problem is solved. The government still controls the SOE...

Business Review 2018 – 09

This week past the KZN Premier visited RBM in Richards Bay, following a strike which threatened closure of its smelter. The Premier reportedly directed the police to assist the company in enforcing the interdicts it had obtained against those interfering with its...