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ARTICLE: THE PROMOTION AND PROTECTION OF INVESTMENT BILL

DTI logoThe Department of Trade and Industry has just published the latest version of the Promotion and Protection of Investment Bill. The Bill has its origins in the government’s wish to reassure foreign investors who were alarmed by South Africa’s decision three years ago to terminate its Bilateral Investment Treaties (BITs) with a number of European countries. Its purpose is supposedly to provide for “the legislative protection of investors” and the “promotion of investment”.

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ARTICLE: THE STATE OF PARLIAMENT

parliament smlThe FW de Klerk Foundation shares the concerns of participants in a recent private round-table discussion – mentioned in Business Day – on the functioning of Parliament, which was hosted by the Council for the Advancement of the South African Constitution (CASAC).

The theatrical disruption of Parliament by the Economic Freedom Fighters (EFF) is unacceptable – however necessary it may be to hold the President accountable over the Nkandla issue.

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ARTICLE: GEORGE AIRPORT AND NKANDLA

George airportIn comments that he is reported to have made at a luncheon yesterday, President Zuma apparently asked why there was so much criticism over state expenditure on his personal residence at Nkandla, if the state had been prepared to build an airport for PW Botha in George in 1977?

He also pointed out that he lived in official accommodation without paying rent and that he made use of official aircraft without having to pay the costs involved.   Were these unfair benefits, he asked?   When it was pointed out that Nkandla was his own personal property he asked whether it was not the state’s duty to protect the president and the deputy president?

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