UK inflation data and New Zealand rate hike remind investors that global economy still faces many challenges
Continent stands to be a leader not only in the adoption of the technology, but also in its innovation
If the court action against Chinese company succeeds, 120 locomotives can be put into service
The governing party is discussing whether those criminally convicted of a serious crime should still have a home in the ANC
The aim is to have 65% of the business’s electricity requirements at a manufacturing level across SA sourced from sustainable energy by 2030
Wage increases above the Reserve Bank’s inflation target range of 3-6% raise the prospect of a wage price spiral with second-round effects on inflation, Bank deputy governor warns
The claim by Sars that it costs the country R31bn is wrong — the real cost is about R4bn a year
Move seen as attempt to shore up falling popularity of ruling MPLA
The increase to a reciprocal five-match Test series will enhance the enduring rivalry and respect that exists between the two, Aussie cricket chief says
German traffic police are investigating the cause of the incident, which police say involved an autonomous vehicle
Former president Thabo Mbeki’s sharp criticism and rebuke of President Cyril Ramaphosa’s lack of a policy to address huge unemployment and poverty in the black community was disingenuous and opportunistic (“Ramaphosa deserves Mbeki’s flaying”, July 25).
Rampant unemployment and chronic poverty were prevalent in the black community before 1994. Mbeki was a main player in the formulation of the economic policies of our country, as evidenced by the Gear policy. The economic quagmire the majority of the black community finds itself in is a result of a lack of vision and courage by the ANC, including Mbeki, to formulate an appropriate economic policy to address the imbalances created by apartheid.
It is remarkable to note that the net worth of families of senior ANC members (including former presidents) has grown exponentially since 1994. This phenomenon is captured neatly in the infamous remarks of a former senior ANC official: “I did not struggle to be poor.”
In all fairness, there are selfless people in the ANC, but they are a diminishing minority.
Jeffrey MothuloeVia email
JOIN THE DISCUSSION: Send us an email with your comments to firstname.lastname@example.org. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.