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December 2017
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December 7, 2017

Yes! South African dads are getting paid paternity leave!

Yesterday a bill was passed in Parliament that will allow fathers to spend 10 working days at home with their new families. Here’s what you need to know.

On Tuesday 28 November, Parliament gave the thumbs up to a bill that will give fathers in South Africa the right to 10 days’ paid paternity leave.

The Labour Laws Amendment Bill was passed in the National Assembly in Parliament and will now be reviewed by the National Council of Provinces.

The bill also includes provisions for 10 weeks’ parental adoption leave if the baby is under 2 years (applies to one parent only) and surrogacy leave, and increased UIF and maternity benefits.

It places a bigger [...]

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December 7, 2017

Parliament finally passes sugary drinks tax

South Africa is on the right path to reverse the alarming numbers of diabetes cases and other NCDs associated with obesity.

The National Council of Provinces (NCOP) today passed the tax on sugary drinks, which is part of the Rates and Monetary Amounts and Revenue Law Amendment Bill.

This marks the end of 18 months of negotiations on the tax that included four public hearings and a negotiation process in Nedlac. The tax, due to be implemented on 1 April 2018, will see the price of a can of Coca Cola increase by around 11%.

SA on the right path

“We applaud Members of Parliament for putting the health of millions of South Africans before the narrow interests of the [...]

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December 7, 2017

Fees must fall, but who will pick up the bill? Here are our options

The storm clouds above South Africa’s universities could be dissipated with careful fiscal planning.

A report into the feasibility of offering free higher education at South Africa’s universities has finally been released.

It has been nearly two years in the making, developed by a commission of inquiry that President Jacob Zuma set up in response to nationwide fee protests.

The lengthy report provides an accurate diagnosis of the state of higher education funding, as well as the problems it faces. But its proposed solutions are problematic.

Many of its limitations arise from a failure to properly integrate an understanding of public finance and public [...]

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November 29, 2017

Bitcoin at $10 000: where it goes from here

Bitcoin entered uncharted territory on Wednesday after breaching US$10 000 for the first time, leaving investors to wonder how long the rally will go — and whether it will end in tears.

The digital currency climbed as much as 4.4% to a record $10 379.53 during Asia trading hours, capping a more than 10-fold increase this year. Its market value has surpassed $176bn, according to Coinmarketap.com.

Here’s what bitcoin watchers are saying about the dizzying rally.

Arthur Hayes at BitMEX

“They said it was a bubble at $1 000, they said it was a bubble at $5 000 and they said it was a bubble at $10 000,” said Hayes, CEO and co-founder of Hong Kong-based BitMEX, a [...]

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