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Though African nations have enhanced economic freedom since the beginning of the new millennium, most have a long way to go before fully embracing the rule of law and economic liberalisation, which would unquestionably spur economic growth and prosperity.
The …
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The trade union federation Cosatu recently called for tax increases, particularly on the wealthy, to arrest South Africa’s economic down spiral. But economist Arthur B Laffer, known for popularising the Laffer curve, shows us that beyond a certain point, tax …
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Nigeria recently partially closed its border with Benin in an effort to stem the smuggling of rice. It then went on to close its land borders to the movement of all goods from Benin, Niger and Cameroon, effectively banning trade …
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Population growth rates continue to pose lingering challenges to development efforts on the continent. The population of Africa is expected to roughly double by 2050. This will add 1.2 billion people to Africa’s 2019 population of 1.3 billion people…
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Emerging out of the horrific spasm of genocide that claimed more than 800,000 of the minority Tutsi ethnic group in 1994, Rwanda has chalked up some spectacular economic performance. Its rate of economic growth has averaged 8 percent since 2001 …
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In the Economic Freedom of the World (EFW) 2019 Report, South Africa ranks 101 out of 162 countries. This is a fall of two places from last year but is a massive fall of 54 places since 2000 when the …
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We save in order to spend in the future. To do this effectively, we need to know that our future spending power will be at least equal to current spending power, that the savings will “store value”. In this article …
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You cannot legislate people out of poverty. You cannot regulate jobs into existence. Jobs need to be created, and at the moment, the South African government is slowly but surely suffocating businesses’ ability to create jobs by continuously adding more …
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A small group of naïve billionaires in the United States are lining up begging for higher taxes on the super-rich. I say naïve because they itemize a whole list of problems they imagine can be solved with this additional tax. …
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The most important price in an economy is the exchange rate between the local currency and the world’s reserve currency — the U.S. dollar. As long as there is an active black‐market (read: free market) for currency and the data …
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