Posted inBusinessNews/Politics

Who pays when the revolution comes?

Determining who is responsible for the most frightening financial meltdown since the Great Depression requires some clarification of the facts. The first is this: blaming America’s housing collapse for the crisis is simplistic and deceptive. The Economist reports that by 2006 the total value of sub-prime mortgages amounted to $600-billion. That total had probably increased […]

Posted inNews/Politics

Of political somersaults and contradictions on economic policies

Jacob Zuma’s insincere economic mantra since Polokwane has revolved around providing contradictory assurances to international investors about the ANC’s position on economic policies. That Zuma and the ANC have been inconsistent in their messages to investors is an understatement. A conclusion that can be drawn from all these inconsistencies is that either Zuma is a […]

Posted inNews/Politics

The fatcat and Bara’s broken lifts

Gauteng’s provincial health minister, Brian Hlongwa, has splashed out on renovating his boardroom with R1 million from the public purse according to this article in last week’s Financial Mail. This outrageous extravagance comes at a time when Gauteng’s hospitals are under more strain than ever, with vastly inadequate and ill-maintained infrastructure (such as broken lifts), […]

Posted inLifestyleNews/Politics

From socialists to socialites

It has been interesting to note the personal attacks from ANC alliance leaders to the potential breakaway party to be launched by Mosiuoa Lekota and Mbhazima Shilowa. Several ANC leaders, including spokesperson Jessie Duarte, Women’s League President Angie Motshekga, and Cosatu general secretary Zwelinzima Vavi, have taken swipes at Lekota and Shilowa’s personalities and their […]