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The head of state, confident after electoral victory, tells the governor of the central bank what to do, introduces forex controls and announces that a key sector of the economy, sold off to private investors 13 years ago, is to be nationalised. Two members of the...
In 2004, the Mexican Federal Competition Commission took the peculiar step of allowing collusion in the Mexican retail market. It did so when it approved the establishment of Sinergia, a buying cooperative comprised of Mexico’s second, third and fourth largest...
The government can’t simply buy the mining industry. That would ruin the state. A price of R2 trillion has been circulating as a rough estimate. This amounts to more than three times the entire state budget that is three years of total state expenditures. The only...