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Expropriation without compensation (EWC) was flagged as a major risk to South Africa’s democracy at a congressional hearing in the United States last week.

The IRR has over recent weeks written to prominent stakeholders in the community schemes economic sector about the concerning remarks by Minister of Human Settlements Mmamoloko Kubayi on extending damaging and unconstitutional race-based policies to community schemes like residential complexes and old-age homes.

Inexpensive and easily implementable reforms could provide a credible foundation for sustainable growth rates of 7% of GDP within a decade, allowing South Africa to combat unemployment, poverty and inequality, live up to its great potential, and emerge as a prosperous middle-income economy by the 2030s.

The IRR yesterday wrote to Minister of Employment and Labour Thulas Nxesi highlighting the detrimental impact of Black Economic Empowerment (BEE) policies on the nation's unemployment rates in lieu of the latest data showing joblessness remaining at crisis levels.

South Africa needs nothing less than bold reforms capable of giving citizens a realistic chance of getting ahead through much faster economic growth, increased employment, effective socio-economic empowerment, and a sustainable safety net that helps integrate even the poorest into an innovative and expanding economy.