Venezuela is a nation in corporate disarray and as such, it makes those who choose to invest look alarmingly arrogant. Despite the intentions of Venezuelan President Hugo Chavez and his socialist ‘nationalization’ regime to all those who oppose, BusinessWeek has reported that Venezuela’s biggest private company says it will boost investment next year and is [...]

What do a steel company, urban development projects and golf courses all have in common? They are three of the latest targets of Hugo Chávez’s nationalization drive – and part of his plan for renewed popularity. The background is a severe shortage of decent housing: over 2m homes are needed, by some counts, in a [...]

Legal counsel for South African farmers’ body AgriSA, Gerrit Grobler SC, claimed free enterprise was in jeopardy and that mineral rights were not an abstract right, but a right of ownership with actual value. The effect of the new Mineral and Petroleum Resources Act is tantamount to institutional expropriation because mineral rights “did not exist anymore”, [...]

Farmer Franklin Britos, 49, died last night at approximately 9 pm, at the Carlos Arvelo Military Hospital of Caracas as a result of a hunger strike which began several months ago to protest against “expropriation policy and nationalizations carried out by the Hugo Chávez government.” According to his wife, Elena Brito, “he died around 9 pm [...]