Posted on 3/6/2025 4:18 PM By Dr Roelof Botha
Silver Linings
During the two weeks following the postponement of the budget, the rand exchange rate vs the US dollar strengthened by 1.2% and the country’s 10-year bond yield declined by 15 basis points - a clear confirmation of the positive undertone of this (non-) event. In fact, the commentary from business leaders was overwhelmingly positive, as it demonstrated the effectiveness of the government of national unity (GNU) in preserving truly democratic principles relating to the country’s fiscal affairs.
Posted on 2/11/2025 1:41 PM By Dr Roelof Botha
Silver Linings
The definition of expropriation remains a concern, but it is important to note that the new Expropriation Act's provisions are subject to the provisions of section 25 of the Constitution, which has not been amended. The latter section requires that compensation be just and equitable.