Posts Tagged South Africa
The federation also fully supports the three government ministers who are calling for a legal review of the Tribunal decision, based on their fact that the Tribunal unreasonably denied government departments access to information in the possession of the merging parties and took a far too narrow view of the merger.
The Competition Act requires the Tribunal to consider the competition and public interest effects of a proposed merger – whether it promotes employment and advances the social and economic welfare of South Africans – and not just the narrow interests of the firms who intend to merge.
In particular, COSATU insists that the application needs to be judged against the background of the job-loss bloodbath which has hit the country in recent years. Unemploymenttoday stands at 36, 6%, greater than any other middle-income country or any comparable economy.
The labour market has been depressed for so long that many unemployed people are getting discouraged and leave the labour market for good – too discouraged to look for a job.
- South Africa resists being ‘Walmartised’ (guardian.co.uk)
- SA is fast becoming a hellhole like Zimbabwe (preinnovator.wordpress.com)
- Jobless rate hits 25,7% – labour recession (readyco.wordpress.com)
- SA treatment of whites is human rights violation: iLIVE (bananaza.wordpress.com)
This year’s entries are particularly impressive, sporting products as diverse as jackal karosses and medicinal comfrey ointments. It’s truly extraordinary to see what creativity these woman apply to make a profit from whatever is at their disposal. At a gala function, to be held on 28 October at the Durbanville Hills Estate in Cape Town, the top business woman will walk away with a R65 000 cash prize to reinvest in her business.
This year’s six finalists are Serita Swart from Victoria West, Northern Cape, who makes kaross and other hide products; Annemarie Fourie from Senekal, Free State, who produces unqiue and contemporary knitwear; Ronel Swart from Graskop close to Hazyview, Mpumalanga, who not only produces silk products, but also does substantial community upliftment work; the multi-faceted Hannetjie Loots from Lephalale, Limpopo, a qualified educational psychologist who farms with stud Brahmans and runs her own school; Engela Kruger from Middelburg, Eastern Cape, who manages a leather operation that produces affordable equestrian products for farmers; and Sanette Mey from Patensie, Eastern Cape, who developed a medicinal comfrey ointment. These six formidable women are truly all winners in their own right.
Are you sure South Africa’s top rural woman entrepreneurs are all White Afrikaners? Racism.
- Let Afrikaners be African (mhambi.com)
- “If They Decide To Start Killing Us,” The Young Afrikaner Said, “We Are Ready” [Dispatches From The World Cup] (deadspin.com)
- Whiteness, whiteliness and White Studies (khanya.wordpress.com)
- White South Africans Denied Jobs (elliotlakenews.wordpress.com)
- Race relations and settling into South Africa – Tzaneen, South Africa (travelpod.com)
The tide is currently turning for the South African economy. Although it’s still too soon to speak of another recession, we are certainly more defenceless than three years ago, at the time of the last recession.
This is the disturbing news coming from the August Sake24 and BoE Private Clients provincial barometers.
This unique index measures the economic performance of five provinces and shows that their economies contracted by an average 4.3% in the past quarter.
“The provincial barometer levels are the lowest since December last year and clearly show that South Africa is currently experiencing a contraction, aggravated by rising prices and inflationary pressure,” said Mike Schüssler of Economists.co.za, who compiled the barometers.
Earlier this week Finance Minister Pravin Gordhan acknowledged that the growth forecast in his budget speech earlier this year might have been overly ambitious, in the context of current global financial problems. He predicted 4% growth over the next three years.
- Debate Over Value of Rand (online.wsj.com)
- BRICS say ready to help IMF fight global crisis (huffingtonpost.com)
- S.Africa approves national health insurance scheme [I applaud them! Thanks to BB for this post.] (jhaines6.wordpress.com)
The former archbishop of Cape Town and former head of the Truth and Reconciliation Commission (TRC) also called on members of President Jacob Zuma’s cabinet to sell their “expensive cars”, “to show you care” about the poor in South Africa.
Tutu said apartheid had left South Africans riddled with “self-hate”, and it was directly to blame for the country’s vicious crime rate and road carnage.
He made the calls on Thursday night during a book launch at Stellenbosch University’s Institute for Advanced Study.
The book, The Humanist Imperative in South Africa, contains 26 essays by leading academics and public figures and is edited by Professor John de Gruchy.
As guest of honour, Tutu recounted the myriad ways apartheid had dehumanised South Africans.
“Apartheid damaged us all; not a single one of us has escaped.”
In a break from his prepared speech, Tutu said a “wealth tax” had been suggested during the TRC process, and had enjoyed support at the time.
Moments earlier, he had told the whites in the conference room: “You all benefited from apartheid. Your children went to fancy schools, you lived in posh suburbs.”
He stressed, however, that this did not mean all whites had supported apartheid.
Speaking to the Cape Argus after his speech, Tutu expanded on his wealth tax call.
“There were many in the white community who were ready for this (at the time of the TRC process).
“It could be quite piffling, maybe 1 percent of their stock exchange holdings. It’s nothing. But it could have helped… maybe building new homes, and that would have been an extraordinary symbol of their readiness.”
Asked whether he was again calling for a “wealth tax”, Tutu said: “That’s what I’m saying.”
He then laughed: “What were you doing in there (the conference centre)? Were you listening?”
Tutu did not say how he wished the tax to be implemented, but said he hoped whites themselves would “agitate” for it to be imposed upon them.
Throughout his speech, Tutu cited numerous examples of what he saw as apartheid’s impact, which had fundamentally been an “erosion of self-esteem” and the advent of “self-hate”. He blamed South Africa’s high crime rate on this, saying: “Thus we must not be surprised at the staggering statistics of violent crime, murder, rape.
- Tax based on race (bananaza.wordpress.com)
- Tutu’s white only tax in perspective (bananaza.wordpress.com)
- Bishop Desmond Tutu outs himself as a racist: Times (politics.ie)
- Losing faith in Tutu (followdirk.wordpress.com)
- South African Nobel Laureate Desmond Tutu to Retire (businessweek.com)
We stood in the queue outside the bank at 8am (the bank’s indicated opening time on a Saturday) and within minutes started speculating if the branch was ever going to open today.
It did not.
I suggested to the group who were still standing around outside the ABSA branch, that you would think with all its wealth, ABSA could at least place a client-friendly notice in the window, reminding its faithful clients who might call on it on a public holiday, stating that they are sorry they are closed for the public holiday, “happy holiday to you and please call again soon when we are open”.
My comrades agreed.
- Fourteen Days of Frustration (africannum.com)