Browsing All posts tagged under »China«

Chinese loans: let’s have the facts

August 4, 2018

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There have been ecstatic announcements from the SA government about money apparently pouring in from China. But these are loans, denominated in US dollars. They have to be paid back, with interest, so why is the government not making clear what the terms are. And that might include what collateral has been offered.

Watch out when China coughs

April 22, 2016

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It has been said that if Wall Street sneezes, the world catches cold. Today it would probably be more accurate to say that if China coughs, an already economically weakened world faces the threat of double pneumonia.

South Africa, China and colonialism

August 23, 2015

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The question of colonialism has come to the fore again in South Africa, courtesy of the Democratic Teachers’ Union (Sadtu). It has vehemently objected to the introduction of the Chinese Mandarin dialect to local schools, labelling the move "colonialism" by the Chinese.

A Cold War shadow looms in South Africa

November 6, 2012

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In the face of the ongoing global economic crisis, with massive unemployment and a wage and welfare gap perhaps second to none anywhere, South Africa is now confronting the shadow of the Cold War. And it looms large in the background, despite most of the current media focus on the recent strike wave and the impending elective conference of the governing African National Congress.

’tis the season to…..?

December 10, 2010

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It is surely time for serious reflection when the lunatic logic of the present system encourages us to spend — all too often on credit — to provide a boost to ailing economies when all this will do is provide a boost to banks and to the profits of importers, producer companies, wholesalers and retailers while the jobs slaughter continues.

Why labour’s battle is far from over

December 5, 2010

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South Africa has a justly lauded Constitution and Bill of Rights. It also has some of the best labour laws anywhere. These are victories largely attributable to the labour movement, but they remain paper victories that have constantly to be fought for to ensure that they are applied.

SA’s New Growth Path: enter Son of Gear

November 24, 2010

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South Africa seems enamoured of acronyms, and national economic policy has provided three over the past 16 years: RDP, GEAR and now, NGP. The one consistent element appears to be that, while the names may change, nothing fundamental seems to alter; "trickle down" economics still rules.