Patrick Bond

Lonmin
Source: INCE Connect

Autopsy reveals Lonmin—the British-South African company—corpse’s poisoning by microfinance, ‘development finance’ and corporate finance. 

In a few days, the world’s third largest platinimum mining house, Lonmin, will likely be remembered as the exemplar of multinational corporate irresponsibility. As a people’s trial hosted by the Marikana Solidarity Network gets underway outside Carlton House Terrace in London, where Lonmin’s shareholders vote on a friendly takeover deal (albeit with extremely dubious characteristics), many critics are shaking their heads – and fists – at the extraordinary financial and political circumstances...read more

Finance Minister Tito Mboweni in 2019
Image source: Business Live

Upon taking power in a palace coup a year ago, Cyril Ramaphosa’s African National Congress (ANC) government was supposedly going to sweep out the prolific corruptionassociated with the 2009-18 Jacob Zuma ANC regime. But although excruciatingly-slow progress is being made in evicting the most obvious villains, durable Zumite influences remain, and read more

Photo credit: Bulawayo24

Once again, a formidable burst of state brutality against Zimbabwe’s citizenry has left at least a dozen corpses, scores of serious injuries, mass arrests, Internet suspension and a furious citizenry. The 14-17 January nationwide protests were called by trade unions against an unprecedented fuel price hike, leading to repression reminiscent of former leader Robert Mugabe’s iron fist.

Photo source: Zero Hedge

World Bank president Jim Kim is an ex-leftist who claims that in the mid-1990s he wanted to shut down the Bank. At the time, it was an entirely valid, realistic goal of the 50 Years is Enough! Campaign and especially the World Bank Bonds Boycott. Kim’s co-edited read more

Ramaphosa and Zuma

The old guard of South Africa’s ruling party put on new clothes last year, and a new party of the working class finally made its debut.

Finance Minister Tito Mboweni (in 2013 and 2016) tweeted about Lagarde’s own corruption trial in France

This week’s hush-hush visit by International Monetary Fund (IMF) Managing Director Christine Lagarde to Pretoria (between stops in Ghana and Angola) is mysterious. In contrast to last week’s IMF press briefing claim – “Madame Lagarde will hold meetings with the authorities, as well as fairly extensive meetings with the private sector, civil society, academia, women leaders, and of course th...read more

Photo source: Zambian Eye

The World Social Forum’s “Thematic Forum on Mining and Extractivism” convenes from 12-15 November 2018 in Johannesburg, South Africa, just after the Southern Africa People’s Tribunal on Transnational Corporations. In between, at the notorious 2012 massacre site on the platinum belt to the west, there is a launch of a new book – read more

Picture source: African News Agency

South Africa has just witnessed two major economic events, which spoke volumes about the prospects for global and local capitalism: an austerity-oriented budgetleaving the economy far more vulnerable to renewed world financial chaos; and a sham investment conferencefeaturing capitalists with just ...read more

Ahram Online

Samir Amin was as ruthless a critic of extreme religious movements as he was of neoliberal imperialism. (Ricardo Ramirez)

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