Alexis de Tocqueville observed that democracy and socialism have nothing in common, but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.

In his budget vote speech in the National Assembly, trade industry and competition minister Ebrahim Patel said a new bill containing amendments to the Companies Act will be finalised within the next two months to tackle what he termed “the gross injustice of excessive pay”. ..

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