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News & Views by Terry Bell
Browsing All posts tagged under »debt«
SA Govt’s historic millstone
Government claims to have united labour, business and organised civil society behind its “new plan” to reverse economic decline has triggered considerable — and justified — cynicism in much of the trade union movement. Civil service unions, denied their agreed to and budgeted for pay rises, are especially aggrieved. “More empty words” is a […]
Chinese loans: let’s have the facts
August 4, 2018
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.
Spin, myths and The Market
December 19, 2015
The economic crunch experienced in South Africa last week provided a clear insight into the workings of the system and the limits, within a parliamentary democracy, of “people’s power”.
2015 & more Greek turmoil looms
December 31, 2014
Europe is on tenterhooks as the new year dawns. All because of a vote in the Greek parliament on Monday that failed to elect centre-right presidential candidate, Stavros Dimos as president. And the turmoil that may result could have widespread repercussions.
The most exploited — and largely ignored — workers
July 29, 2011
Fancy being able to walk to work and to pay just 10% of your wages for accommodation? Sounds idyllic? Perhaps. Unless you are a farm worker in South Africa where the latest pay increase of 4.5% made the minimum wage just R1,375 a month and where between R400 and R700 could be charged for electricity alone.
Terry Bell Writes 
October 31, 2020
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