In 1994, 4.7 million South Africans were unemployed. Now, as we approach the 25th anniversary of the first democratic election, that number has almost doubled to 8.9 million.
BUILDING THE MOVEMENT OF THE WORKING CLASS AND THE DISPOSSESSED
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Economic Inequality
Inflation Target Facilitates Growth
Response by Deputy Governor of the South African Reserve BankBy XP Guma29 September 2010Dick Forslund and Mazibuko Jara’s article (Inflation targeting retards economic growth, September 20) refers. Permit me to respond, briefly.First, the authors state that “it is...
U.S. labor in the crisis: Resistance or retreat?
THE ELECTION of Barack Obama last November seemed to promise a new era for organized labor. With Obama in the White House and a solid Democratic majority in Congress, it appeared that unions would finally be able to get action on their main legislative agenda—passage...
Notes on the South African Economic Crisis
The SA economy is linked to the global economy basically through exports and imports. The difference in value between exports and imports is called the balance of trade. When transfers of money (foreign investment, payment of dividends overseas etc) are added in then...