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For all his initial enthusiasm, Minister of Mineral Resources Ngoako Ramathlodi's attempts to resolve the platinum strike met the same fate as those of the CCMA, the minister of labour and the Labour Court. The parties downing tools rejected the minister's proposal...
A crisis in the capitalist system is a kind of wake up call: speculative bubbles burst, the price of assets [8] moves back towards their real value; the least profitable corporations go bankrupt, and capital is destroyed [9]. Crises are in a way part of Capitalism's...
Amandla! introduces a new column: Economics for people. In this column we demystify basic economic processes, concepts and debates so that activists are able to participate better in the struggles over the nature and direction of economic policy. One of the factors...
Amandla! introduces a new column: Economics for people. In this column we demystify basic economic processes, concepts and debates so that activists are able to participate better in the struggles over the nature and direction of economic policy. One of the factors...
The former colony has become an unexpected source of jobs and investment for Portugal in the global downturn. Angola is Sub-Saharan Africa’s third largest economy, after South Africa and Nigeria (1). It is already one of Africa’s biggest oil producers, with an average...
One of the biggest pharmaceutical companies in the world, GlaxoSmithKline, the British drugmaker, has agreed to plead guilty to criminal charges, and pay $3bn to settle one of the largest cases of healthcare fraud in US history. The drug giant is to plead guilty to...
United Nations Environment Programme says global move to low-carbon economy means millions could be lifted from poverty Tens of millions of new jobs can be created around the world in the next two decades if green policies are put in place to switch the high-carbon...
One could almost get the impression that the storyline of the global economic and financial crisis of 2008/9 is forgotten. Questions of bank regulation and financial sector oversight are hardly discussed in public anymore and legislative efforts to rein in speculative...