Pravin Gordhan
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In South Africa’s fight between hostile brothers – the “Zuptas” and “White Monopoly Capital” – a new consensus appears By Patrick Bond
Last week a conceptual barrier carefully constructed by elites since 2015 was suddenly cracked at the University of the Witwatersrand Great Hall by two of South Africa’s leading economic personalities: Pravin Gordhan, who served as a pro-business Finance Minister for seven years until being fired in March, and super-consultant Iraj Abedian, who in 1996 had… Continue reading
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The Bank Loan That Could Break South Africa's Back By Patrick Bond
Notwithstanding South Africa’s existing $75 billion foreign debt, last Thursday the World Bank added a $3.75bn loan to Eskom for the primary purpose of building the world’s fourth-largest coal-fired power plant, at Medupi, which will spew 25 million tons of the climate pollutant carbon dioxide each year. Continue reading
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WHATS THE WORD IN JOHANNESBURG AS FINANCIAL CRISIS ROCKS “THE RAINBOW NATION” HOPES FOR PROGRESS? By Danny Schechter
Johannesburg: There was lots of skepticism when I came to South Africa two years ago to show my film IN DEBT WE TRUST. While my critique of consumer debt resonated, the film’s forecast of a financial crisis didn’t. Their economy seemed to be doing well and it was hard to tell a society that tends… Continue reading
The New Dark Age 