Evergrande failure fuels contagion fears as shares retreat to 10-year low
Evergrande | failure

Evergrande failure fuels contagion fears as shares retreat to 10-year low

China’s second largest property developer is at serious risk of financial collapse. The Chinese government’s clampdown on a variety of industries over the last six months, with the latest assault on the property sector. President Xi has spooked investors in the world’s second largest economy – with campaigns such as the ‘common prosperity’ drive –…

‘BEE | failure

‘BEE is a failure and it must be turned around’ – Sakeliga CEO Piet le Roux

In 2003, the Broad-Based Black Economic Empowerment Act 53 of 2003 (BEE) was introduced to address the inequalities suffered by black South Africans as a result of apartheid. It was initially created to ensure an inclusive economy – but corruption is forfeiting the purpose. Sakeliga has won a series of court cases against unfair BEE…