Gerhard Papenfus, NEASA CEO, reveals the perilous consequences of the South African Minister of Trade, Industry, and Competition’s relentless pursuit of an ideological agenda.
In his recent article, Ivo Vegter has fumbled the facts surrounding anti-dumping duties and their impact on retail chicken prices.
Ebrahim Patel, a self-assured player of economic fate, enacts drastic import tariffs on chicken, touted as protection against inflation.
BizNews published Ivo Vegter’s article titled: ‘DA goes protectionist on interactive gambling.’ This is Macpherson’s right to reply.
Despite its claimed commitment to free enterprise, the DA is proposing to erect high regulatory barriers specifically targeted at foreign interactive gambling operators.
SA’s cash-strapped consumers face a 40% increase in tyre prices should an application to impose anti-dumping duties come into effect.
In a stunning admission that import tariffs materially hurt consumers, so-called ‘anti-dumping’ tariffs on chicken are being suspended for a year.
The government loves its industry Master Plans. So do industries, because who doesn’t like juicy incentives?
With the economy in a vicious cycle, the outlook is for continual deterioration. The evidence of South Africa’s predicament in a vicious circle is compelling.
“Beware when bureaucrats devalue the role of human ingenuity. That slope is oil-slick slippery,” writes BizNews founder Alec Hogg.