Corruption is a political tool is China and it all depends on where you stand, as to who’s to blame. One thing is for sure- Western standards don’t apply.
A lot was expected from the South African finance minister’s 2016 medium term budget which came amid an unfolding economic crisis including the higher education funding gap.
The video which shows South African President Jacob Zuma sleeping in parliament during the 2016 mid term budget is symptomatic of a much larger problem of lack of respect for the public.
South Africa’s Finance Minister Pravin Gordhan spoke of protecting the economy from predators. This is commendable but not enough to build an inclusive economy.
South Africa’s finance minister, Pravin Gordhan, had to battle poor growth and falling revenue in preparing the 2016 medium term budget. How did he do?
Intelligent trade policies can help limit the threats, including food security, that come with an uneven distribution of water resources across the globe.
Interest rates remain unchanged in Australia this week, reflecting an economic holding pattern around the world, as the US presidential election carries on.
With no sign of resolution in the near future the collapse of multilateral trade negotiations, tagged as the Doha round, risks breeding a major crisis.
Governments have been known to change the definition of anti-dumping tariffs to suit their needs, so accusations of steel dumping from China are still quite subjective.
The prevailing political fights over control of state-owned enterprises in South Africa has the potential to have a deep impact on the economy, and the quality and direction of the development state.
A change of attitude which comes with some deep introspection by South African business leaders can help address some of the country’s key socioeconomic challenges.