Business

SA needs low-wage, labour-intensive growth strategy to boost economy

Faced with an economy that has been in decline for more than a decade and given the slowing demand from our trading partners, the State of the Nation address should have pointed in an emphatic way, to a radical and fundamental policy shift in strategies that are aimed at economic regeneration and the way we…

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South Africa in the age of austerity

While the battle against austerity in Europe has entered a decisive phase — with the election of the radical-left Syriza in Greece — the term is seldom heard with reference to South Africa. Despite this, and the global discrediting of austerity, Finance Minister Nhlanhla Nene’s recent budget can only be described as austere. Austerity refers…

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No Christmas box for my fellow countrymen

I was out doing my irregular early morning jog when I was stopped by a lean and hungry-looking man. My street-wise eyes screened him up and down as he walked in my opposite direction. The distance between us closed and in no time we were face to face. What I picked up was the shabby…

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Towards a better development agenda for the global south

The Millennium Development Goals (MDGs) expire in 2015. They were adopted in September 2000 through the Millennium Declaration at the 55th session of the United Nations General Assembly, convened as the Millennium Assembly. The MDGs, understood to be a global development agenda, focused on poverty reduction, access to education, gender parity, healthcare access, sustainable development…

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Is there a good story to tell out there?

In recent weeks there has been a consistent stream of cautionary advice coming from leading economists and analysts warning us that our economic situation is so dire there is a danger that our ability to continue to provide social services at the current levels will be seriously constrained and may certainly lead to rolling social…

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The tripartite alliance was not designed to govern

Alliances are usually structured by different organisations that are motivated by a common purpose to achieve a shared objective. For such an arrangement to be sustainable, it must also be mutually re-enforcing in order to serve their different interests. It was therefore logical for the labour movement to collaborate with the ANC for the purpose…

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The death of international development

International development is dying; people just don’t buy it anymore. The West has been engaged in the project for more than six decades now, but the number of poor people in the world is growing, not shrinking, and inequality between rich and poor continues to widen instead of narrow. People know this, and they are…

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Step on the corruption scale

By Abuti Rams Say you were to step on the “corruption scale”, how much do you think you would weigh? Just like most people, I have a problem with corruption in its diverse forms. In recent years, most of our media reporting has exposed corruption on all levels of government (be it local, provincial or…

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Do economic sanctions go against WTO rules?

Economic sanctions are international measures that are usually used as punitive or corrective procedures. When one hears of economic sanctions countries like Russia, Sudan and Iraq come to mind, with the US being the chief instigator of such sanctions. Economic sanctions are penalties applied by a country or countries on another country or countries. Economic…

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Numsa: Is this the left’s moment?

The announcement that Numsa would form its own socialist party should come as no surprise. Numsa’s battles within Cosatu (most notably with its historical rival, the Jacob Zuma-aligned NUM) and the ruling alliance (particularly with the Zuma faction, ostensibly on questions of ideology) have served as a generous forewarning that this was coming. Further, in…

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