* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, July 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

    AP Entertainment SummaryBrief at 1:51 p.m. EDT – Channel 3000

    Entertainment Highlights: Key Updates You Can’t Miss

    ‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

    Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Sustainserv and Palau Announce Technology Partnership to Leverage Innovative AI Platform to Advance Sustainability Reporting – Business Wire

    Sustainserv and Palau Team Up to Transform Sustainability Reporting with Breakthrough AI Technology

    Morgan Adamski Joins PwC in Newly Created Cyber, Data & Technology Risk Division – HSToday

    Morgan Adamski Leads the Charge in PwC’s Cutting-Edge Cyber, Data & Technology Risk Division

    Transformative technology, support for food entrepreneurs spotlighted – University of Hawaii System

    How Cutting-Edge Technology and Strong Support Are Revolutionizing Food Entrepreneurs’ Success

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

    AP Entertainment SummaryBrief at 1:51 p.m. EDT – Channel 3000

    Entertainment Highlights: Key Updates You Can’t Miss

    ‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

    Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Sustainserv and Palau Announce Technology Partnership to Leverage Innovative AI Platform to Advance Sustainability Reporting – Business Wire

    Sustainserv and Palau Team Up to Transform Sustainability Reporting with Breakthrough AI Technology

    Morgan Adamski Joins PwC in Newly Created Cyber, Data & Technology Risk Division – HSToday

    Morgan Adamski Leads the Charge in PwC’s Cutting-Edge Cyber, Data & Technology Risk Division

    Transformative technology, support for food entrepreneurs spotlighted – University of Hawaii System

    How Cutting-Edge Technology and Strong Support Are Revolutionizing Food Entrepreneurs’ Success

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

South Africa’s challenges: Beyond economics, unraveling the political predicament – FMF’s Lehumo Sejaphala

October 20, 2023
in Business
South Africa’s challenges: Beyond economics, unraveling the political predicament – FMF’s Lehumo Sejaphala
Share on FacebookShare on Twitter

A deeper examination of South Africa’s history and current state reveals a fundamental truth: the nation’s challenges stem less from economic issues and more from political decisions. While apartheid stifled economic inclusion for black citizens, the ANC government has hindered growth through legislation. South Africa, like much of Africa, places too much faith in politics to solve its problems, neglecting the unintended economic consequences of well-intentioned policies. To foster true progress, deregulation and increased involvement of successful business leaders in politics are essential. As Plato warned, failing to engage in politics risks being governed by the less competent. In the realm of economics, growth cannot be legislated into existence, a libertarian principle proven throughout history.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

South Africa’s misconceived development through legislation

By Lehumo Sejaphala*

Upon a closer study of recent history and the current dispensation, one has come to realize that South Africa’s problems has never been mainly economical but primarily political. Whereas the apartheid government crippled the economy by excluding the majority of black people from active and voluntary participation, the ANC government has done so by pursuing economic growth and development through legislation. 

What I mean is that the problem with South Africa (and perhaps Africa in general) is that we are so invested into politics so much that we believe that every problem can be resolved through political decrees and legislation. Another problem with Africa is that the most intelligent guys imbued with the entrepreneurial spirit have left the governance of the continent in the hands of incompetent and kleptocratic average thinking men and women.

They are busy running their own affairs while the fate of the continent hangs in the hands of the administratively incompetents. To be fair, those running the affair of the state in Africa are well-meaning people with good-intentions but the problem with good intentions is that they don’t always translate into good economic policies. This is so because, economic policies are judged not in terms of the intentions or goals which inspired them but the incentives that they create. For example, a benign and benevolent African leader who “cares” about the “people” may wake up one fateful morning and decree that every citizen in his country “has a right to access and own a beachfront house” to applause of everyone. 

At the face of it, this may be a good political or legislative decree inspired by good affection for the people but to assess whether it is economic sound, we must judge it against the incentives it will create, its long-term consequences and not lofty ideals stated by the political leader in question. To start off with, the net effects and unintended consequences of such a policy will be to discourage property investors and developers from building more beachfront houses. Moreover, beachfront houses that are already built will be over-crowded and their value will be significantly depreciated. And because beachfronts are generally limited (a scarce natural resource), people will begin to scramble for those available and many others will be left out.

Those who are left out will be disgruntled and begin to threaten and, in some instances, even kill those who already having access so they can have their turn. Political manoeuvring will become the order of the day. The political distributors and allocators of these beach houses will begin to solicit bribes and the poor who were the initially intended beneficiaries of said policy will once again be left out. Ultimately, what was initially a good and well-intentioned policy will have far reaching and unintended consequences for everyone. To give another practical example, most Minimum Wage legislations are generally intended to protect workers from “capitalist exploitation”. Well, that sounds like an attractive and reasonable policy objective that all of us should ideally support but the unintended consequences of such a lofty objective have always been to take unskilled workers out of the job market and to interfere with transactions between adult consent parties wherever it has been pursued.

By way of an example, A may be willing to guard B’s residential property for R2000 per month but because the Minimum Wage Act in South Africa says no one may be paid less than R3 500 per month as a security officer, B will be discouraged from employing A – who will ultimately be rendered unemployed despite his willingness to work. This problem becomes even more pronounced when considering the fact that employers in South Africa are also required to register their employees for Pay As You Earn tax deductions and the Unemployment Insurance Fund contributions, among others legislative requirements, on behalf of their employees. 

This is all fair and reasonable on paper, but it poses a serious regulatory hurdle that requires both human and financial resources which most small and medium enterprises will generally do not have. In the end, most of them are likely to find themselves on the wrong side of the law and ultimately taken out of business due to non-compliance. So, what is the solution?

The solution indeed lies in deregulation and limiting the state’s role in people’s economic affairs. The continent’s most prominent and established businessmen and women must also be encouraged and lobbied to actively participate in politics and contest for political office. Politics is too central to the stability of every country to be left in the sole hands of politicians.

In the words attributed to Plato: “One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors”.  And to conclude with some of the common libertarian aphorism: no country in the world has ever developed economically through legislation. No one can legislate economic growth into existence.

Read also:

South Africa’s flawed legislation puts justice at risk
UNDICTATED: Summers’s challenge exposed by Pick n Pay’s “truly awful” results, shares drop 14%
READ IT AGAIN: Rob Hersov on ANC’s misguided asteroid called Transnet that’s about to smash SA’s economy

*Lehumo Sejaphala, a contributing author for the Free Market Foundation, holds a BA Law and LLB degree from Wits University and is currently studying for an LLM. He runs an online blog platform called the Voiceless and has contributed articles to the Mail & Guardian, City Press and IOL.

Visited 1 times, 1 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/rational-perspective/2023/10/19/economics-political-predicament-lehumo-sejaphala

Tags: Africa’sbusinessSouth
Previous Post

The ESG tyranny is coming to an end – Merryn Somerset Webb

Next Post

How hitmen slay SA’s “agents of justice”: Government urged to “Defend the Defenders”

WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

July 25, 2025
Closer look given at construction progress of delayed Laredo sports complex – KGNS

Breaking Down the Latest Developments in the Delayed Laredo Sports Complex Construction

July 25, 2025
Getting into the weeds of plans for the ecological revival of the natural areas at Franklin Park – Dorchester Reporter |

Exploring Bold Plans to Revitalize Franklin Park’s Natural Areas

July 25, 2025

Embattled ‘arsenic life’ paper retracted by journal Science 15 years after publication – Live Science

July 25, 2025
Gary Taubes: MAHA, Ultra-Processed Foods, and Bad Science – Reason Magazine

Gary Taubes Reveals the Shocking Truth About MAHA, Ultra-Processed Foods, and Deceptive Science

July 25, 2025
Behind the Design of Sun Day Red’s Osprey Lifestyle Golf Shoe – Sports Illustrated

Discover the Cutting-Edge Design Behind Sun Day Red’s Osprey Lifestyle Golf Shoe

July 25, 2025
Ether rises 2% and bitcoin inches back above $119,000: CNBC Crypto World – CNBC

Ether Rockets 2% as Bitcoin Rebounds Above $119,000

July 25, 2025
American Airlines forecasts wide range due to economic uncertainty – Reuters

American Airlines Predicts Uncertain Future Amid Economic Challenges

July 25, 2025
Texas Gulf Coast city entertains $816 million, 53-acre development – Chron

Texas Gulf Coast City Launches Thrilling $816 Million, 53-Acre Development Project

July 25, 2025
AdvaMed in Action: Digital Health in the Spotlight at The MedTech Conference 2025 – AdvaMed® – Advanced Medical Technology Association®

Digital Health Revolutionizes The MedTech Conference 2025 Spotlight

July 25, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (738)
  • Economy (761)
  • Entertainment (21,642)
  • General (16,091)
  • Health (9,799)
  • Lifestyle (769)
  • News (22,149)
  • People (763)
  • Politics (770)
  • Science (15,976)
  • Sports (21,259)
  • Technology (15,744)
  • World (744)

Recent News

WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

July 25, 2025
Closer look given at construction progress of delayed Laredo sports complex – KGNS

Breaking Down the Latest Developments in the Delayed Laredo Sports Complex Construction

July 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version