Upon reading this hugely instructive unpacking of the practical implications of the Draft Mining Charter by Anthea Jeffery, one can’t help feeling that either no advice was taken from the mining sector or that it was blithely ignored.
With the international media spotlight focused on talk in SA of land expropriation, a suggestion has been published in the Financial Times to fix apartheid’s wrongs with a hefty inheritance tax aimed at whites.
Fear of change is a natural human emotion. In South Africa, fear of change is driving anxiety about land reform. Despite government assurances, many white South Africans worry about the losses they may face under changing land expropriation laws.
In the generation since apartheid ended in 1994, tens of billions of dollars in public funds — intended to develop the economy and improve the lives of black South Africans — have been siphoned off by leaders of the ANC.