There’s a raging debate in South Africa about the role of its central bank. This is inevitable given that so much is changing in the world of central banking and in economic life.
The World Bank has changed direction. It won’t be giving up on public funding, but it will increasingly be trying to attract private investors to developing countries.
Africa should be concerned about news that the World Bank is looking to migrate from the model that largely relies on funding member states to become a broker of private capital.
All over the world people who have been harmed by the conventional money systems are devising alternative currencies, challenging the centralised monetary policy approach.
The prevailing mandate of the South African Reserve Bank is informed by sound economics and the need to protect the institution from the whims of politicians.
For real integration to happen, the Pan African Parliament needs to be imbued with supranational law-making powers. But national sovereignty is something that many states are reluctant to give up.
South Africa’s Public Protector, Busisiwe Mkhwebane has touched on two highly contentious issues: the unresolved bailout for a local bank three decades ago. And the role of the country’s Reserve Bank.
The development trajectory of South African born brewer SABMiller peaked with the 2016 $104 billion merger with Anheuser-Busch InBev. Behind it lies an extraordinary journey.
The scandals surrounding South Africa’s power utility, Eskom, were caused by the neglect of corporate governance rules by the board, the executive authority, and the public enterprises minister.
Rethinking work is crucial for industrialised and emerging economies, where job losses are being felt even in the presence of substantial, although diminishing, economic growth.
The misfortunes experienced by Brian Molefe, the CEO of South Africa’s power utility Eskom, shows that the battle for the country’s public purse is not a one way bet.
Many large scale organisational changes end up as failures most of the time employers are blamed for being resistant to change. This may be convenient, but it doesn’t deal with the real issues.
“Shaming campaigns” have been successful in attracting attention to transnational issues like inhumane working conditions and environmental degradation. But shaming guilty corporations is only the first step.
Kenya’s high consumer food prices are worrying because they are unresponsive to the policies pursued. The country needs to address this and improve planning to attain stability.