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is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Take advantage of our free stock market analysis and real-time data to help you choose the best investment options. Our expert predictions and tailored strategies ensure you can achieve stable returns and mitigate risks effectively.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Take advantage of our free stock market analysis and real-time data to help you choose the best investment options. Our expert predictions and tailored strategies ensure you can achieve stable returns and mitigate risks effectively. South Africa’s ruling African National Congress (ANC) swept to power in 1994 on apledgeto “build a better life for all,” winning almost 63% of the vote in the country’s first democratic election.

Fast-forward 30 years andNelson Mandela’serstwhile liberation movement, which triumphed over the racist apartheid government, risks losing its parliamentary majority for the first time,according to opinion polls and analysts.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, cripplingpower cutsand feeble economic growth will likely be top of mind.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. The economy has gone backward over the past decade, evidenced by a sharp fall in living standards. According to theWorld Bank, gross domestic product per capita has fallen from a peak in 2011, leaving the average South African 23% poorer.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. A third of the labor force is unemployed, more than in war-torn Sudan, and the highest rate of any country tracked by the World Bank. Income inequality is also the world’s worst. There are 18.4 million people on welfare benefits, compared with just7 million taxpayers, according to Oxford Economics, a consultancy.

Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. Unemployment and poverty remain concentrated in the Black majority, in large part due to thefailure of public schooling, while most White South Africans have jobs and command considerably higher wages.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. Moreover, the government’s flagship policy for driving economic inclusion and racial equality in post-apartheid South Africa — Broad-Based Black Economic Empowerment, known as triple-BEE or simply BEE — has failed to achieve its aims, with wealth still concentrated in the hands of a few at the expense of the many.

“Three decades after the end of apartheid, the economy is defined by stagnation and exclusion, and current strategies are not achieving inclusion and empowerment in practice,” Harvard University concluded in a report published in November by its Growth Lab following two years of research.

Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. They were also systematically excluded from owning land, living in certain areas, and accessing a decent education and jobs.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. The end of White minority rule could not on its own compensate for such extreme and prolonged injustice. Restitution was needed — and that’s what BEE set out to deliver.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Free real-time market data to help you quickly recover and avoid losses. There is now almost universal agreement that the policy failed to transform economic reality for the majority of Black and other South Africans who were historically disadvantaged, including Indians and Coloureds, the official term for South Africans with mixed heritage who have a distinct cultural identity.

President Cyril Ramaphosa, who has previouslydescribedBEE as “a must for (economic) growth,” promised Saturday the ANC would“do better”if reelected, with a focus on creating more jobs. The Democratic Alliance, the official opposition party, hassaidit would replace BEE with an “Economic Justice policy” that “targets the poor black majority for redress, rather than a small, connected elite.”

Critics of BEE argue there has been an overemphasis on increasing Black ownership of established businesses through giant deals that have, in fact, enriched only a handful of politically connected people.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. This is a view held by Moeletsi Mbeki, brother of former President Thabo Mbeki and chairman of the South African Institute of International Affairs, an independent think tank located at Wits University in Johannesburg.

BEE “creates a class of rich politicians who are then beholden to the people who are making them rich, but it disincentivizes people from becoming entrepreneurs,” he told 【 - Free Exclusive Access to Stock Gurus 】. “If I became president, the first thing I would do would be to scrap BEE,” he added.

By Moeletsi’s telling, White executives devised BEE as a way to “coopt ANC leaders” in the early years of democracyby giving them shares in companies that they would then be disinclined to nationalize, apolicymany in the party favored.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. Still, despite tens of billions of dollars’ worth of BEE deals, Black ownership of companies standsat just 34% on average, according to thelatest reportby the B-BBEE Commission, which monitors adherence to the policy.

“Inroads are being made on the participation of Blackpeople in the economy, although there is much further to go to realise the objectives (of BEE),” Commission head Tshediso Matona told 【 - Free Exclusive Access to Stock Gurus 】.

Black people are also poorly represented in top management, another of the policy’s focus areas. According to a recentPwCreport, just 19% of the 200 most valuable companies listed in Johannesburg are led by Black, Coloured, Indian or Asian CEOs.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. Many companies in the private sector “are not implementing the spirit of the (BEE) legislation… they’re (only) ticking boxes,” said Kganki Matabane, the CEO of the Black Business Council, a lobby group for Black business. “Businesses cannot continue to exclude the majority, they’ll render the country ungovernable one day,” he added.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. Matthew Parks, the parliamentary coordinator for the Congress of South African Trade Unions, an umbrella body for labor unions and an ANC partner, says BEE has helped grow South Africa’s Black middle class but that more must be done for workers, particularly those on minimum wages.

He also argues that the policy needs more time to bear fruit. “Three decades given to overcome the impact of three centuries (of White oppression) is not enough.”

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. According to Matona, of the Commission, BEE is “only one part of a suite of policy tools to achieve transformation,” which also includes laws around public procurement, competition, employment equity and skills development. “The overall outcome of economic transformation requires an assessment of all of these policies,” he said.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. The sharpest criticism of BEE is that it has been corrupted by private interests, leading to severe maladministration in the public sector. “It’s a huge driver of corruption in the country,” said Mbeki.

He and other experts who spoke to 【 - Free Exclusive Access to Stock Gurus 】 explained that under the auspices of advancing empowerment, politically connected Black people havein some instances been put into senior positions in state-owned companies despite not having the right qualifications or experience.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. Similarly, some officials have abusedpublic procurement rulesthat favor Black-owned businesses,awarding government contracts at inflated prices to underperforming companies in exchange for bribes, a phenomenon sometimes referred to locally as “tenderpreneurship.”

“Tenderpreneurship” has devastated state-owned companies and local governments across the country, said Ricardo Hausmann, the director of Harvard’s Growth Lab, a hub for research on economic growth and development. “Poor implementation of affirmative action in the public sector” has contributed to “collapsing state capacity,” he told 【 - Free Exclusive Access to Stock Gurus 】. “The poster child of this is the electricity sector.”

For much of last year, South Africans were without power for at least some portion of the day. “Loadshedding” — as it’s known locally — hit a new record, with power cuts on 335 days, according to state-owned power utility Eskom. The years-long electricity crisis has abated in recent months, but it isnot yet over.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. Widespread graft at Eskom and other government institutions, primarily under former President Jacob Zuma, has been a core reason for the collapse of South Africa’s electricity, transport and, latterly,water infrastructure, according to Haroon Bhorat, an economics professor at the University of Cape Town.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. The result has been to cripple economic activity. Economists estimate that GDP growth could be as high as 3%-5.4% this year were it not for crumbling infrastructure. Instead, the International Monetary Fund forecasts a paltry 0.9% expansion.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. The “ultimate effect” of collapsing infrastructure leading to lower economicgrowth rates is “a governing party that is going to struggle to get urban voters to believe it can turn the economy around,” Bhorat added.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. South Africa’s economy hasn’t always been in dire straits. For the first 15 years of democracy, the ANC “managed the economy relatively well,” Bhorat said.

Under Thabo Mbeki, public debt fell considerably and the government even recorded small budget surpluses between 2006 and 2008, meaning it spent less than it received in taxes. Economic growth averaged around 4% a year.

In contrast, under Zuma, South Africa’s credit rating was downgraded to junk, or sub-investment grade, by S&P and Fitch. GDP growth averaged around 1.5% a year and the debt-to-GDP ratio more than doubled from a post-apartheid low of 24% in 2008, according to theIMF. It is now hovering around 75%.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. While South Africa was far from perfect under Mbeki — violent crime was high, the country remained extremely unequal and public services, particularlyeducation, needed considerable work — it had a much stronger economicfoundation on which to tackle its plentiful post-apartheid challenges.

One silver lining to South Africa’s economic crisis is a deepening partnership between government and business to meet the moment.

Chief executives from more than 130 major South African companies, including the likes of Investec and Discovery, as well as the local leaders of JPMorgan, Shell and Unilever have formedan initiative calledBusiness for South Africa.

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“This has proven to be real partnership… we are making progress,” he told 【 - Free Exclusive Access to Stock Gurus 】. “The whole purpose of this intervention is to stop the slide and give us the space to begin to turn this big ship around.”

For Hausmann, of the Harvard Growth Lab, the ANC’s waning influence might be just what the party needs. If political power is more contested, it “puts more of the fear of the wrath of the people into government, so they feel the urgency to improve performance,” he said.

is basf india limited (500042) worth holding long term ✌️【Recruitment Platform】✌️ Real-time stock market predictions and analysis, offering precise advice on top-performing stocks to help you seize the best opportunities for growth. Gain access to expert insights and global market data to make timely investment decisions. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Exclusive Access to Stock Gurus 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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