Reduce restrictions on foreign business – MPIYAKHE DHLAMINI
There is no denying that we live in the most technologically advanced era the Earth has ever seen and this is due to property rights and free trade. Removing restrictions on trade between individuals in a country is important but removing restrictions on trade between individuals in different countries is arguably even more important given the enormous size of the global market compared to any single country’s domestic market. This also means that investors are spoiled for choice as to where to put their money.
It is therefore almost suicidal that South Africa has such onerous foreign exchange regulations. These govern everything from the capital you can bring into the country to the profits you can take out. Most egregious is that these rules are often not objective but dependent on the whims of officials in the Reserve Bank and National Treasury.
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The Constitution and the Rule of Law: An Introduction – MARTIN VAN STADEN
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Publish date: 10 April 2019
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation. This article may be republished without prior consent but with acknowledgement to the author.