EDITORIAL: The unintended consequences of the debt relief bill
You could forgive someone for mistakenly thinking they’d stepped into a world where a creeping form of populist-based radical economic transformation (RET) was indeed taking root, despite the ANC’s constant pledges of economic rationality and appeals for foreign investment.
The past few weeks have brought plenty of private sector angst: if it wasn’t the prospect of National Health Insurance (NHI) damaging private health care, it was talk of the government prescribing that part of your pension could be used to bail out state companies. This week, it was the turn of the banks to sweat, as President Cyril Ramaphosa signed the debt relief bill...
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