With Moody’s soon to announce their assessment of SA’s credit risk, Finance Minister Malusi Gigaba made it clear that a white minority was controlling the economy through a monopoly and that was now to change. Gigaba, speaking mostly in isiZulu, said “The economy is controlled by a minority; they are a monopoly. There are a lot of companies owned by very few people and the services and products on offer enrich these few people.” (Gigaba: It is time to put us first ).
Addressing an ANC Youth League event in Pinetown, Gigaba remarked that there was an agreement in 1993 that white people would continue to have a say in the economy. The ANC stayed committed to this, “but now has come a time for change. It is time to put us first.” Continue reading “If monopolies are the problem, start dismantling the worst: the State-owned Enterprises”
Log-log relationships which endured over 70 years were recorded and these relationships raise important issues about the nature of entrepreneurship and its dynamics in different-sized South African towns. The figure shows such a relationship that covers a range of villages with fewer than 10 enterprises to towns with 350 enterprises.
Tourism is not a clearly defined industry in the International Standard Industrial Classification of all Economic Activities (ISIC). The key factor in the Tourism Satellite Account for South Africa is to relate purchases by tourists to the total supply of these goods and services. Quantification of tourism enterprise numbers does not form part of the national assessments; yet it was necessary to know how many tourism-related enterprises could be impacted by shale gas production in the study area of the Karoo.
EOSA 