AFKInsider

Big Business thought the Zuma factor was just what they needed and the Rand-Dollar traded in the 8.50 – 6.70 band. Then in January 2016, they decided Zuma was bad for business, warning shots were fired, the Rand fell almost to 17. Now Ramaphosa is what Big Business wants!

GovernmentZA

Cyril Ramaphosa’s soft-coup firing of Jacob Zuma from the South African presidency on 14 February 2018, after nearly nine years in power and a bitter struggle to avoid resignation, has contradictory local and geopolitical implications. Amidst general applause at seeing Zuma’s rear end in the society, immediately concerns arise about the new president’s neo-liberal, pro-corporate tendencies, and indeed his legacy of financial corruption and class war against workers given the lack of closure o...read more

A recent World Bank reportThe Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet World Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate profit repatriation, thus maintaining the looting.

WTO

There were at least two strong indicators of the paralysis of the 11th World Trade Organization Ministerial Conference in Buenos Aires. One was the Argentine government's revocation of the accreditation of 64 representatives from 19 civil society organisations. And the second is that there was no Ministerial Declaration coming out of Geneva.

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Many African regimes today simply avoid the demands of good governance, ignore the rule of law and commit gross violations of human rights in the belief that Western aid will always bail them out of their chronic budget deficits. Stated simply, Western taxpayer dollars provide the fail-safe insurance policy for the survival and persistence of failed regimes in Africa. That is exactly Nana’s point.

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