More businesses closing, urgent reform required – MPIYAKHE DHLAMINI
Stats SA’s April Statistics of Liquidations and Insolvencies paint a very grim picture. The number of business liquidations increased by 53.1% between April 2018 and April 2019. The number of insolvencies increased by 30.1% between March 2018 and March 2019.
Given that the economy has been growing at a pedestrian 1%-2% for a few years now, it is highly unlikely that this increase is due to more businesses being opened. I believe it is safe to take these numbers at face value. South Africa is becoming an increasingly hard place to do business because of the regulatory and tax burden. Policies such as EWC (Expropriation Without Compensation) will only increase the risks of running a business here.
To read further, please click here.
Wednesday, 26 June 2019 EVENING EVENT – 18:00 @ FMF – more info to follow
FMF events can be watched LIVE via the FMF’s Facebook page by clicking this link: https://www.facebook.com/FMFSA/
Once on the FMF Facebook page, please scroll down until you find the presentation live streaming. Please note: the video remains available on Facebook after the event (though you will need to scroll down further to find it). OR you can watch it on our YouTube channel – usually uploaded within a day or two: https://www.youtube.com/user/channelfmf
Economic decline, new SAA CEO, and Swaziland bitter about weed
Press freedom needs economic freedom
Ayn Rand on essentials: How to plot a meaningful life
Economics 101: More wealth means less poverty
Media release BLSA CEO Mr Bonang Mohale receives the FMF 10th Luminary award for his contribution to SA’s business community and defending the rights of all South Africans
Media Digest & Cuttings MAY 2019 for all media coverage
Follow us on TWITTER for quick updates and news
Like us on FACEBOOK to receive advance notifications of live interviews and much, much more
Watch our YouTube videos on ChannelFMF
Become an individual member/donor, a corporate member/donor or donate to Khaya Lam project
All individuals and companies can donate and deduct a maximum of 10% of their taxable incomes to Section 18A approved Public Benefit Organisations. The minimum annual payment we require is R250. All payments of R250 or more will be treated as a donation for which you will receive a Section 18A certificate for SARS.
TEL +27 11 884 0270 | FAX +27 11 884 5672 | EMAIL firstname.lastname@example.org
PO Box 4056, CRAMERVIEW 2060
Bryanston Gate, Block 5, Ground Floor, 170 Curzon Road, BRYANSTON
Click here to unsubscribe from future emails
Publish date: 12 June 2019
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.