BizNews BizNews Radio

David Shapiro tackles the prescribed assets debate - and NHI

Loading player...
When David Shapiro was a lot younger, South Africa's asset management sector were forced to invest 53% of the funds entrusted with them into "prescribed assets" - interest bearing bonds issued by the Government and its enterprises like Eskom. That law, together with strict exchange control regulations, played a huge role in keeping the wheels of the Apartheid system turning. Now a similarly beleaguered South African State is again considering forcing citizens to fund misdirected ideological objectives - with powerful forces within the ANC demanding a return of prescribed asset requirements that no longer exist in any modern state. Shapiro is horrified that the idea is even being considered and explain why in this Rational Radio interview. Learn more about your ad choices. Visit megaphone.fm/adchoices
27 Jan 2020 10AM English South Africa Investing · Business News

Other recent episodes

Corné Mulder says SA could have a new government before 2029

South Africa just joined a short and unflattering list of countries facing individual US visa restrictions, and Freedom Front Plus leader Corné Mulder says he saw it coming from a manifesto launch stage days before it happened. He tells Alec Hogg why he thinks Cyril Ramaphosa's habit of avoiding decisions…
17 Sep 10AM 28 min

GG Alcock says SA's R1-trillion "informal" economy is anything but

South Africa's townships are not a side economy. According to GG Alcock, author of the Kasinomics book series, they're a trillion-rand-plus market that the country's biggest listed companies are already quietly fighting over, from Shoprite's cash-and-carry pivot to Capitec's entrepreneur accounts to Pepkor's handset financing. Alcock, who grew up in…
17 Sep 7AM 49 min

Solly Moeng: BOTH Cyril AND Mashatile are too ill to run the country

In their latest weekly chat, Chris Steyn and Political Commentator Solly Moeng talk about both President Cyril Ramaphosa and Deputy President Paul Mashatile having been declared unfit - because they are too ill - to perform official duties; the US the visa restrictions for certain - still unamed -government officials;…
17 Sep 6AM 16 min
All episodes