SA needs re­forms

The Star Early Edition - - BUSINESS REPORT -

THE OR­GAN­I­SA­TION for Eco­nomic Co-op­er­a­tion and Devel­op­ment (OECD) yes­ter­day laid down the marker for South Africa to em­brace wide-rang­ing struc­tural re­forms that will set the econ­omy on a new growth tra­jec­tory.

THE GOVERN­MENT is mov­ing ahead with draft reg­u­la­tions for a do­mes­tic trade in rhino horn, de­spite crit­ics’ con­cerns that a le­gal mar­ket will spur rhino poach­ing. En­vi­ron­men­tal Af­fairs Min­is­ter Edna Molewa said yes­ter­day that any­one pos­sess­ing a rhino horn would need a per­mit, and that South Africa con­tin­ues to recog­nise a ban on the in­ter­na­tional trade in horn that was im­posed in 1977. South Africa is home to most of the world’s rhi­nos. Ear­lier this year, South Africa’s Con­sti­tu­tional Court re­jected a govern­ment ap­peal to pre­serve a 2009 ban on the do­mes­tic trade in rhino horn. A South African rhino breeder is plan­ning an on­line auc­tion of horn, which is set to take place next month. Rhino breed­ers say a reg­u­lated trade would un­der­cut poach­ing. Some in­ter­na­tional con­ser­va­tion groups dis­agree.

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