“The way we rate national economies is all wrong,” says rating agency reformer Annette Heuser. With mysterious and obscure methods, three private US-based credit rating agencies - Moody’s, Standard & Poor’s and Fitch - wield immense power over national economies across the globe and the outcomes can be catastrophic. Presently there is complete lack of transparency about how ratings agencies rate countries and companies. But what if there was another way? In...
Glenn Ashton - South Africa is supposed to be a developmental state yet the intentions that inform our national energy policy are at odds with the lived reality of most citizens. President Zuma’s 2011 promise to deliver electricity to every home in the country by 2014 will not be met. More importantly, despite free electricity allowances, many of those connected to the grid find this power unaffordable. South Africa’s approach to electrical power supply remains monolithic and inflexible....
Chitra Nagarajan - On Monday, President Yoweri Museveni of Uganda signed the Anti-Homosexuality Act. The law criminalises lesbianism for the first time, strengthens punishment for anyone caught having sex with someone of the same sex and outlaws the promotion of homosexuality. It criminalises those who assist individuals to engage in homosexual acts and requires citizens to denounce those they suspect of being gay. It introduces an offence of ‘aggravated homosexuality’ with those convicted receiving...
Jill Richardson - Nicolette Hahn Niman, author of Righteous Porkchop, just coined a new catchphrase that ought to go viral: “Sugar is NOT just an empty calorie.” Her statement contradicts the notion we’ve had for years that the worst thing about sugar is its lack of nutrients. Either you’re eating sugar in addition to all of the calories you need to stay healthy, or you’re eating it instead of them. In the former case, you’re getting too many calories; in the latter,...
A new global study that examined protests in 87 countries, including South Africa (SA), found that the highest number of protests takes place in the developed world and the main grievance of protesters is economic injustice. In recent years, SA too has experienced a wave of protests. Is SA part of this global surge in protests or is there something else driving the phenomenon in our country? Trevor Ngwane, a doctoral student and Soweto activist who has done important research on the issue,...
"The better the ANC does in this election, the worse its future," argues Jonny Steinberg in this comprehensive discussion on South African politics that was hosted by the Frontline Club in London last night. Panelists, all South Africans living abroad, weighed in on the forthcoming elections with views on the range of political parties. While nobody is expecting the ANC to relinquish its position as ruling party in the forthcoming election, panelists all agreed that this...