As much as 23% of SA’s wealth went abroad in 2007, according to research from the Corporate Strategy and Industrial Development Programme at Wits University. These outflows amounted to more than R450bn that could have been used for domestic investment, job creation...
This Thursday, in Washington, finance ministers and central bank governors of the BRICS group of emerging powers – Brazil, Russia, India, China and South Africa – will get together and, in the words of Brazilian Finance Minister Guido Mantega, “Talk...
The entire political establishment in the United States is bizarrely oblivious to the fact that their multi-billion-dollar pursuit of an estimated 50-75 phantom Al Qaida terrorists in Afghanistanhas hastened the disappearance of middle income jobs in the US.The US...
As ThinkProgress has previously noted, the 99 Percent Movement has been set off thanks to long-standing economic inequities and and a recession caused primarily by Wall Street’s misdeeds.Wall Street did not engage in reckless financial behavior — which plunged 64...
The economic storm triggered by the 2008 financial crash in the USA and Europe led to the loss of more than one million jobs in South Africa. Today we know that the crisis never really abated.How could it? Claims for hefty profits, wheedled through strange and complex...
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