How South African manages the fallout from its likely downgrade by Moody’s in November will determine whether the country will be forced to turn to the IMF for a bailout.
Even a cursory glance at earlier industrial revolutions will show that they have not been associated with the interests of the working or underclasses.
Income is a useful measure for tracking economic progress over time. But a broader lens is needed to understand the relational and often political ways in which poverty emerges and is reproduced.
A lesson from the 2012 massacre of mineworkers is the need for government to retain its role as primary governance agent, enforcing clear rules and ensuring the provision of public goods and services.
Attitudes to retirement can influence decisions to save and plan for it. In turn, factors such as stress or lack of interest at work can impact attitudes towards retirement.
One of the most interesting developments to emerge from the disaster in Brazil is how investors can work together with mining companies and regulatory bodies to improve tailings management systems.
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.
South African courts have been reluctant ‘to step into the shoes of the regulator’. But the confirmation by the Constitutional Court of the ruling by the Supreme Court of Appeal has changed all that.
Though formed by the state, Eskom and Iscor enjoyed very little state support in their infancy. To survive, they had to cooperate with the private sector companies they were meant to compete with.
The IMF has increasingly turned its focus to growing inequality worldwide. Ironically, research shows that policy reforms it mandated exacerbated income inequalities.
It’s hoped that this new aviation legal framework will help Ghana to improve its reputation and performance in all sorts of safety and compliance measures.
South Africa’s economic reforms of the 1990s were overdone, destroying some industries and thus impacting economic growth and job creation. A re-balancing of industrial policy is called for.
Now that African countries have signed up for the continental free trade agreement, they must complete the institutional loop by jumpstarting the creation of the African Monetary Fund.
The debate about the mandate of the South African Reserve Bank must be located within a clearly articulated political vision and social compact on the kind of society South Africans aspire to.