Late 2017, at the height of political tensions in the country, economist Dawie Roodt advised South Africans to take their money out of the country amid looming downgrades which would send the economy into another recession. While much has changed since then (including the appointment of Cyril Ramaphosa as president), Roodt still believes that many..
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Due to political tensions in the country, South Africans are advised: “If you have cash to spare, take it out of South Africa”
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ConCourt rules on new owners’ historical debt.
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The Constitutional Court on Tuesday ruled that new home owners are not liable for historical debt taken over from previous owners. Municipalities such as Tshwane, eThekwini and Ekurhuleni — as well as the cooperative and governance minister — argued against a landmark high court judgment in 2016, which made a similar ruling. The high court..
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