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EWC: Disaster or re-industrialised economy?

The proposed amendment of Art. 25 of the South African Constitution has South Africans talking. Many have concerns and questions about expropriation without compensation (EWC). Will EWC be a disaster or lead to a re-industrialised economy?

“This question is especially salient for our younger South Africans, our young business people, who want to know how their business development plans might be affected by any amendment of the Constitution,” says Ms Desiree Faber, marketing manager of the Rand Business Forum.

“Our young business people and entrepreneurs are our future, not only in Randburg and the greater Johannesburg area, but countrywide. They need to inform themselves about any possible changes to the business environment that might be the result of the proposed amendment,” says Faber.

She stresses the importance of regular networking with other business owners, to get to know them, to share ideas on successes or on how to overcome possible stumbling blocks, be they related to EWC or other business concerns.

To this end, the Rand Business Forum is hosting a panel discussion on EWC to provide its members and the general public with a better idea of what the future may hold, particularly for small and medium businesses owners who make up most of the forum’s members.

The discussion panel will consist of Galileo Capital CEO Theo Vorster, Wits professor of management and policy analyst Anthoni van Nieuwkerk, and Afriforum attorney Willie Spies.

Vorster will focus on how price, term and choice of an investment decision are affected by the amount of uncertainty one has to deal with; Van Nieuwkerk will talk about a workable plan for the effective and responsible redistribution of land; and Spies will inform attendees about various approaches to land expropriation.

Freek Robinson will then act as the discussion leader.

Beforehand, Winda Austin-Loeve, president of the Small Business Institute will share her insights on the threat of South Africa’s unemployment crisis and how accelerated economic growth is of critical importance to the country’s future and business community.

Date: 6 September 2018

Venue: Randburg Golf Club

Time: 12:00

Cost: R250, which includes a luxury finger lunch.

Cash bar available

RSVP: Please email Des Faber to confirm your attendance at dezzie@worldonline.co.za or give her a call at 078 034 2369 before Wednesday, 29 August 2018.

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