By Mark WeinbergSouth Africa is alive with inequality. From land to work to food, a small minority enjoy abundance, while the vast majority live in poverty and are excluded from the country’s wealth. The media and access to information is no exception. The print...
By Dick Forslund and Mazibuko Jara20 September 2010At any rise in aggregate demand, the Bank increases interest rates.Last week, the Reserve Bank waded into the battles between workers and employers over wage demands. Its monetary policy statement expressed concern...
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...
Special Ratings Areas (SRAs) are areas in which residents pay extra rates for organizing extra services. If initiators get majority support from 50+1% of the rate paying property owners, all must pay. The rates are collected by the municipality and then paid back to...
By Dick ForslundA recent report to South African Cities Network shows how much of incomes households pay in property rates water and electricity supply, and solid waste and sanitation. Low income households pay 10 to 20 percentage points more of their total incomes to...
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