Six properties that will likely be expropriated first. This is why! IBN has been writing articles on landownership since 2003. It is a subject which keeps on coming up. Previously it was always an approach to limit foreign land ownership. This however never got anywhere, as there are very few records in the Deeds Office on foreigners and of course many contribute significantly to the economy, let’s mention foreign car manufacturers who own factories as an example.
Earlier this week, Dirk Meissner was invited to give a presentation during a non-resident seminar hosted by the reputable law firm Jooste Heswick Inc. at the Lord Charles Hotel in Somerset West. Thanks to the recent comments by President Zuma, foreigners took a strong interest in this long planned event. The original purpose of the seminar was to focus on legal, tax and financial aspects relevant to foreigners. Other speakers were from Investec Private Bank as well as SASFIN, which focussed on forex exchange options and regulations. It was quickly established that the definitions of a resident vs a non-resident differ completely from Home Affairs to the South African Reserve Bank (SARB) and Revenue Services (SARS). […]
“You can help” campaign – treacherous attack? “I was born in an epic era…We need to stop relying on government and rely on ourselves”, “The country is being overrun by poverty… while Jacob Zuma is renovating his home” or “Stop voting for the same government in hopes for change – instead, change your hopes to a government that has the same hopes as us”. These and further ads have caused a furore. The ads belong to the ‘You can help’ campaign of FNB (First National Bank) which was generated through a survey and reflects the views of 1360 children, scholars and other young people in KwaZulu-Natal, Gauteng and the Western Cape.
ANC versus ANCYL – struggling despite current challenging political situation The African National Congress Youth League (ANCYL) was founded in 1944 among others by Nelson Mandela. The ANCYL is the biggest youth organisation in South Africa and it aims to attract a broader range of potential ANC voters. In addition it had the task to coordinate diverse youth groups during fights against the apartheid regime.
ANC moral authority has eroded during the past years according to former Irish prime minster Robinson. South Africa faces some real political challenges.