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Everyone, other thaN lunatics, troublemakers and the economically illiterate, is supposed to know that the demand by the striking platinum workers for a starting basic wage of R12 500 is plainly unaffordable. Indeed, anything even near R12 500 is supposedly so...
The headlines scream 'Marikana Massacre'; 'Killing Fields of Rustenburg'. Radio and TV Talk shows and social media all display the anger and expose the psyche of a nation badly wounded. The bloodiest security operation since the end of apartheid has left us shocked...
The victory of the Muslim Brotherhood (MB) candidate, Mohammed Morsi, in the Egyptian Presidential elections signifies the beginning of a new phase in Egypt’s revolutionary process. The political landscape is dynamic, with new alliances and divides on the horizon. We...
The ANC heads to its policy conference in June, after being South Africa’s ruling party for almost two decades. There are many ideas and policy perspectives up for discussion but the ‘big idea’ framing the discussion is the notion of a ‘second transition’. A whole...
May brought home to the world evidence of the popular rejection of the irrational pursuit of austerity amidst recession in Europe and elsewhere. One telling signal was the victory of Francois Hollande in the French Presidential run-off, making this the first...
KAMPALA - An increase in heat waves is almost certain, while heavier rainfall, more floods, stronger cyclones, landslides and more intense droughts are likely across the globe this century as the Earth's climate warms, U.N. scientists said on Friday.The U.N....
All recent economic indicators point almost unambiguously to a new global recession, one which threatens to be more severe and prolonged than the 2007 crisis. While the epicentre of this developing crisis is located in the metropolitan countries, specifically the EU...
IT is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment. The recession is caused by a deficiency of aggregate demand. To overcome it what is necessary is an increase in demand which...