We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

I once asked a meeting of law students if they knew why we have the laws that protect our wealth and enforce the sanctity of contracts. They appeared to have little idea, other than that it is morally wrong to steal or perpetrate fraud, or not to be true to your word.

Nobody had told them that protecting rights to wealth is essential if wealth is to be created in the first instance. That if you saved and invested in a home, farm, mine or business enterprise and somebody who is stronger than you can simply take it away, there would be no reason to save and invest in productive, long-lasting assets. Protection of wealth to encourage wealth creation is essential if any community is to become more productive and escape deprivation...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now