Tag Archives: economy

Any heroes in the ANC, please stand up?

Just when you thought it could not get any worse, it just did. Jacob Zuma clearly wants what he wants and he wants it now. And so, the prospect of JZ waking up to a R4 BILLION jet under his Christmas tree at his R250 MILLION Nkandla on the 25th has edged a little closer with the…

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Mandela delivered the transition we desperately needed

It’s not surprising that the anniversary of Nelson Mandela’s death generated reflection on the course we’re following as a nation. Some veered on the negative. But rather than denigrate those who express them, we should instead pay attention, listen and engage rationally with them. Doing so will anchor further freedom of speech, which is the…

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Something stirs behind the dull eyes and zombie shuffle

Just occasionally one glimpses, behind the dull eyes and zombie-like shuffle of President Jacob Zuma’s disengaged administration, the values that sustained the African National Congress in the struggle years. It’s a briefly cheering reminder that all is not yet lost. This week Kgalema Motlanthe, in an uncommonly frank Business Day interview, skewered the movement to…

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Fix the public education system to grow the economy

The essence of good strategic thinking and planning requires, for an organization, a critical capacity to anticipate events in the future that may have the capacity to derail its strategy and develop remedial measures to mitigate the threat. This is also true for a government. The crippling financial burden of university education for the poor,…

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Brics in crisis and new middle classes will bear the greatest costs

By Jan Hofmeyr These are trying times for Brazil and South Africa, the southern members of the Brics grouping of emerging nations that also include China, Russia and India. After years of robust growth their economies are in the doldrums, and their governments lack latitude in the options to revive them. It is not only…

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Let’s call a spade a spade, the EFF is marching towards a socialist dictatorship

It was an ordinary February morning in 1989, for most in Berlin, but not for 21-year-old East German Chris Gueffroy. It would be his last day alive. The cold metal force from a border guard’s gun would rip through his jacket and shirt and pierce his heart — pouring deep red warm hope out onto…

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The poor economy is not all Zuma’s fault

Some lessons I have learned from reporting on economic crises: * Don’t fixate on any one cause. Economies are complex webs of interrelated phenomena. Interest-rate changes are not the whim of the central bank, ie the Reserve Bank. They depend on a range of other economic actors, including our government and other economies in the…

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The problem with ‘buying, swapping and selling’ domestic workers

I recently came across an advert about a domestic worker. The advert was a Facebook post written on a group called “Westville buy, swap and sell”. The group is used by a variety of people wanting to get rid of household appliances. I became uncomfortable when a black woman was made part of the list…

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Explaining the DA’s shadow cabinet reshuffle

Last week, DA chief whip John Steenhuisen announced small changes to the DA’s shadow cabinet. Most notably senior DA MP, and Wilmot James’ unsuccessful leadership campaign manager, David Maynier, was moved from defence to finance; while newcomer, Michael Cardo, was moved to economic development. Gareth van Onselen, a fierce critic of incumbent DA leader Mmusi…

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SA needs low-wage, labour-intensive growth strategy to boost economy

Faced with an economy that has been in decline for more than a decade and given the slowing demand from our trading partners, the State of the Nation address should have pointed in an emphatic way, to a radical and fundamental policy shift in strategies that are aimed at economic regeneration and the way we…

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