South Africa must stop taxing capital on arrival through its empowerment policies and secure property rights by abandoning expropriation without compensation (EWC) to improve its relations with the United States. These policy steps, coupled with a slight shift in South Africa’s foreign policy, could enable the country to secure a favourable trade deal with the United States and attract billions in investments. This is feedback from Frans Cronje Private Clients economist and partner Bheki Mahlobo, who recently outlined why South Africa’s relations with the United States have deteriorated and how they can be repaired.
Sam Busa