Nutshell: Ideology trips Ramaphosa; Anti-expropriation drive ramps up; NHI deflates Discovery; Steinhoff's bowl of spaghetti
BizNews — This week in Nutshell: Ideology including land expropriation and a national health service looms over the South African economy with a warning from Bloomberg that President Ramaphosa's left-wing alliance members are hampering reform. Expropriation without compensation is reaching its last phase; the Institute for Race Relations' Terence Corrigan explains why he thinks it may be opening the door to amending other laws with a simple majority. The bill providing for National Health Insurance is scrutinised and Dawn Ridler gives insight on steps to take to mitigate its damaging effect. The NHI ravaged shares in medical service companies with Discovery bearing the brunt. Analyst David Shapiro suspects more may lie behind the large drops. Steinhoff CEO Louis du Preez lifts the lid - a little - on what is going on in the company in the aftermath of large scale corruption. And Wilhelm Hertzog from Rozendal partners unpacks what it all means.