Browsing All posts tagged under »junk status«

Time to shun the financial kakistocracy

April 9, 2019

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Institutions such as the World Bank, IMF, the ratings agencies and such private influence peddlers such as the World Economic Forum are often seen as a global financial aristocracy. A more correct term would be kakistocracy since the solutions they offer merely compound the problems created by the system they exist to support.

The painful reality of junk status

July 1, 2017

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More pain is on the way for South Africa as a result of the junk status credit rating given to the country. But such pain will be passed on — by government and business — to the consumers. Expect resistance.

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Cape Town, South Africa-based journalist commentator and author specialising in political and economic analysis and labour matters.

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