Tag: refugee

Black Economic Empowerment (BEE) policies cost South Africa around 3% of its GDP every year in compliance costs and lost economic activity. This translates into an absolute cost of around R226 billion a year, using the latest GDP data from the Reserve Bank. As a result, BEE is a significant cost to the broader economy, with it being increasingly unclear what South Africans receive in return for this cost.

Black Economic Empowerment (BEE) policies cost South Africa around 3% of its GDP every year in compliance costs and lost economic activity. This translates into an absolute cost of around R226 billion a year, using the latest GDP data from the Reserve Bank. As a result, BEE is a significant cost to the broader economy, with it […]

Insolvent state-owned company in South Africa dishes out over R6.7 million in bonuses

Executives of the embattled Road Accident Fund (RAF) gave themselves R6.74 million worth of performance bonuses in the 2024/25 financial year – with the controversial former CEO getting a comfortable R2.8 million bonus. This comes while the RAF, South Africa’s government insurer funded by a R2.18-per-liter fuel levy, is in severe financial and governance crisis. […]

This Scenic Train Ride Is One of the Best Ways to See Fall Foliage in the U.S. South—With Open-air Cars and Riverwalks in Charming Small Towns

In the fall, the Blue Ridge Scenic Railway offers one of the Southeast’s most charming front-row seats to leaf-peeping season. Departing from its 1905 depot like a moving postcard, the train follows the Toccoa River, passing sycamores and sourwoods, rolling hills, and farms along the way. It’s leaf-peeping without the hairpin turns or crowded parking lots, just […]

US revokes former minister Naledi Pandor’s Visa without explanation

Former International Relations Minister and chairperson of the Nelson Mandela Foundation, Naledi Pandor, has had her United States visa revoked. Pandor confirmed to Eyewitness News that she was informed of the decision in an email from the United States Consulate this week. She returned from her most recent visit to the US this week. After […]

South Africa’s unemployment rate is 530% higher than the average G20 country

South Africa’s official unemployment rate of 31.9% is five times higher than the average of the other G20 countries. The Group of Twenty (G20) is the premier international forum for economic cooperation, bringing together the world’s major advanced and developing economies. The G20’s primary purpose is to discuss and coordinate policies aimed at addressing global […]