In this very timely book, two of the world’s most prominent critics of the global food system, Eric Holt-Giménez and Raj Patel, dissect the causes of hunger and the food price crisis, locating them in a political economy of capitalist industrial production dominated by corporations and driven by the search for profits for the few instead of the welfare of the many. Here, greed has played just as destructive role as in the financial sector.
The most important, single issue facing government today is improving conditions for greater labour absorption.
The South African Bill of Rights says, “Every citizen has the right to choose their trade, occupation or profession freely.” But local laws and institutions do not fully support that right, and one consequence is our staggering unemployment rate.
The Nelson Mandela Foundation (NMF) has expressed concern about rumours surfacing that there are negative sentiments arising towards non-nationals in South Africa.
NMF chief executive, Achmat Dangor, points out that South Africans should not blame other people for their troubles.
He blames the aggressive and hostile policies of the apartheid regime, which he says have undermined the economic development of the neighbouring countries.
Hawkers protested outside the South African Football Association offices in Soweto, saying they are struggling to survive after being evicted from Soccer City.
"Now that they have moved me away, I don't know what I am going to do. Where do I go?" asked Moffat Sebolelo, a 48 year old who has been trading at the Stadium for 20 years.
Informal traders from around Gauteng complain that they are being excluded from benefiting from the 2010 FIFA Soccer World Cup.
World Bank member countries have reached a preliminary agreement on a 3.13 percent shift in voting power to give emerging and developing states greater influence in the global institution.
World Bank officials are of the view that the shift will increase the votes of the developing world to 47.19 percent.
The battle over influence at the multilateral lender is part of efforts to reflect the growing clout of developing economies on the world stage and a precursor to a similar move on the International Monetary Fund (IMF).
The World Bank Group said today it will offer free access to more than 2,000 financial, business, health, economic and human development statistics that had mostly been available only to paying subscribers.
The decision─part of a larger effort to increase access to information at the World Bank─means that researchers, journalists, nongovernmental organizations (NGOs), entrepreneurs and school children alike will be able to tap into the World Bank's databases via a new website, data.worldbank.org.
Grameen Bank founder, Mohammad Yunus, says a lack of microcredit laws in many African countries is denying millions of the continent's poor access to loans.
Yunus, who won a Nobel prize in 2006 for championing tiny microcredit loans to the poor in Bangladesh, is now pioneering an idea he calls ‘social business’ as a way to fight poverty - business not for profit, but to solve social problems.
The International Monetary Fund (IMF) has decided to restore Zimbabwe's voting rights after a seven-year suspension over failure to pay US$1.3 billion it owes the organisation and other creditors.
The decision by the IMF's executive board constitutes a first step toward endorsement of the economic policies of the coalition government formed a little more than a year ago by President Robert Mugabe and long-time rival Prime Minister Morgan Tsvangirai.
The newly-appointed Finance Minister Pravin Gordhan presented the 2010/11 National Budget to Parliament on 17 February 2010 in Cape Town.
As in the past few years, SANGONeT is pleased to present you with the comments and perspectives of various NGOs in response to the budget.
Issues covered by the NGO comments range from general observations about the budget to key development priorities such as education, social services, gender, urbanisation, children and health.
While it should be appreciated that the government has placed education as a priority within the budget, it is still our deep feeling that greater action is required. The Minister talks at length about the huge employment drive wherein companies will be reimbursed via the tax system if they employ inexperienced young people – he boldly estimates that 800 000 young people stand to benefit in this way. This is highly commendable.