December 9, 2011
The South African government’s latest moves directed, ostensibly, at combating corruption and maladministration have sown considerable confusion, distrust and suspicion in sections of the trade union movement.
When the well-known mainstream economist Nourial Roubini, a former adviser to the International Monetary Fund, quoted Karl Marx as perhaps being right about an inherent fault in the economic system, he caused a minor stir, but no real criticism. Because the inherent fault is one that is now generally acknowledged and is at the centre of the present — and ongoing — global economic crisis.
Arrogance, incompetence and greed may have demolished the protection of limited liability for the politically well connected directors of South Africa’s controversial Aurora Empowerment Systems. They may now have to pay out of their personal fortunes for the heavy debts and losses incurred in a controversial gold mining venture.
December 2, 2011
The victory of the Patriotic Front in Zambia’s recent election has sent more than a frisson of concern through South Africa’s ruling African National Congress (ANC). It has heightened an awareness among ANC politicians that they may not be in power forever.
Given te dehpth of indebtedness into which many working class people seem certain to be be cast in the new year, it is tempting to emulate Dickers' Scrooge and say, "Bah! Humbug" about the looming season of supposed togetherness and happiness. But then there are developments that that are certainly not humbug and that illustrate something better.