South Africa: Reporter's Parliamentary Notebook - the Chickens Are Coming Home to Roost in the Poultry and Banking Sectors

analysis

Chickens. Banks. Different sectors, same issues: transformation (radical or not), government (in)action and economic growth, or lack thereof. It's not a case of why did the chicken cross the road, it's why did the frozen chicken cross the ocean? Or, in the case of the banks and the broader financial services sector, who really owns whom? Two days of public hearings by Parliament's trade and industry committee, including one alongside the finance committee, highlighted the role of foreign ownership in South Africa's economy, transformation in trouble, and structural inequalities. By MARIANNE MERTEN.

Frozen chicken pieces are being dumped in South Africa at rock bottom prices, despite anti-dumping tariffs ranging from 30% to 73% having been in place since 2015. Not that this has made a difference to consumers.

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