Under President Jacob Zuma the economy didn’t recover as much as it should have from the global financial crisis.
The only way out of South Africa's crisis - financially wobbly utility Eskom, worsening public finances and poor economic growth - is a societal agreement that recognises the need for sacrifices.
Jobs on the line.
A number of banks are doomed to fail if they don't adapt to the new realities of the finance industry.
Once you deposit your money with a bank, it no longer legally belongs to you.
New Zealanders store just under NZ$178 billion of their cash in banks, but their savings aren't insured. This would change if the government introduces a deposit insurance.
Sergei Bachlakov / Shutterstock.com
Young people in the UK experience some of the worst working conditions. To understand why we need to look at longer-term changes in the political economy.
As fears of a US-China trade war grow, the eurozone is starting to look like a rock.
Leaders pose for the official G20 family photo at their 2014 summit in Brisbane.
All talk, no action? The G20 turns out to be a surprisingly productive international exercise.
Oh my Gordie.
Gordon Brown is worried. So should we all be.
Nagib / Shutterstock
The housing bubble that burst and triggered the 2007-08 global financial crisis was fuelled by securitisation.
Kweku Adoboli was convicted in 2011.
Lewis Whyld/PA Archive/PA Images
One person should not bear sole responsibility for a loss of US$2.3 billion at a global financial institution employing 65,000 people.
Sometimes you have to look back to move forward.
AP Photo/Lefteris Pitarakis
US sanctions announced earlier this month may have triggered the plunge in the lira, but the government has been mismanaging Turkey's economy for years, creating severe vulnerabilities.
A woman walks by the New York Stock Exchange.
AP Photo/Richard Drew
Single women borrowed heavily in the run-up to the financial crisis, ensuring they suffered the most in its fallout. Will history repeat itself?
Longer-term interest rates influence households’ and businesses’ spending and investment plans.
While the RBA might not be able to influence the current cash rate, it can still influence longer-term rates by offering guidance about its future policy decisions.
The financial services industry is nothing more than gambling, dressed up in the 'professional' clothing of business.
London’s financial district at night.
The London Interbank Offered Rates is one of the world's key financial tools, but the 2008 rigging scandal has led to calls for its being phased out. Can we find better ways of building the LIBOR rate?
The 20 largest OECD countries alone have a US$78 trillion shortfall in their pensions obligations.
Business Briefing: What happened to the price of Bitcoin? The truth behind big bubbles and crashes.
The Conversation 24.8 MB (download)
On this episode of Business Briefing we unpack great heights and crashing lows of a bubble and a crash.
PAH activists occupy a bank office in Barcelona in July 2013.
We rarely see residents of a city successfully push back in defence of their needs against the power of finance capital, which seeks to make money from the city. But Barcelona shows it can be done.
Financial illiteracy contributed to the last financial crisis.
It's not just individuals who pay for low financial literacy. It also increases financial risks and holds back the economy.
The UK and US may avoid another crash, but many other major economies look like they are on the brink.
The industry has walked a tight rope to survive. Many have fallen along the way.
Banking used to be an engine of social mobility and a generator of secure, satisfying employment for the many gainfully employed in it.