Economic Justice

SACSIS promotes the principle of just economies. We are opposed to economic development that violates social and economic rights and increases inequalities in the pursuit of economic growth.

Medium Term Budget Policy Statement: Building Up to Bold Decisions, But Time Is Not on the Side of the Poor

Picture: My Dream Course Ebrahim-Khalil Hassen - The Medium Term Budget Policy Statement (MTBPS) occurs in a deepening economic crisis; expressed most notably by the loss of over 1 million jobs in the last year. The prognosis going forward is dire, with government estimates on reaching our developmental goals painting a worrying picture.  According to official projections, as a society, we are unlikely to narrow the income gap, nor reach our employment targets. If there is a silver lining in South Africa’s Millennium Development...

Medium Term Budget Policy Statement: Follow the Pavement Placards for People Centred Budgets

Picture: Kool_skat_kat Liepollo Pheko - Driving past several Johannesburg traffic light intersections, one is constantly reminded of how unequal this country is. “Please Help. I need bail money for my cat,” says one board held up by a beggar. A recent one read, “Help me out. Need money for some weed, to pay my hooker and settle my beer bill.” They are eye catching and humorously worded, but the intent and concrete realities contained on those placards are desperate and require urgent intervention. As...

Neo-liberalism, Then and Now: A Tale of the Chilean Mineworkers, Their President and a South African Mining Company

Picture: SACSIS via RT Leonard Gentle - The successful rescue of the Chilean workers trapped in the San Jose mine was a story of extraordinary courage and self-organisation on the part of the miners, as well as of exceptional engineering expertise on the part of Codelco and the international coalition of forces that hoisted the miners to safety. Across the world’s media, we were treated to stories of the mineworkers singing the Chilean national anthem and images of the Chilean president, Sebastian Piñera, hugging the...

Wal-Mart: Predator Capitalism and the Great Game

Picture: Walmart Nation Glenn Ashton - So it looks like Wal-Mart may establish its African beachhead in South Africa. Rumours have flown around the South African business community for more than six months that Massmart, the South African based retail giant that includes well-known brands such as Dion, Game, Makro and Builders Warehouse, was a target for acquisition by the world’s biggest company, the retail behemoth Wal-Mart.  At the end of September the rumours were put to bed as Wal-Mart made a formal but...

The Politics of Economic Policies

Picture: indybay.org Leonard Gentle - Truly, we live in crazy times. What are we to make of the ongoing spats in the ANC? Are these really about nationalists versus communists? What are we to make of the nationalist, Julius Malema, and his BEE friends fighting for the nationalisation of the mines? All this while Malema also tries to get his nationalist buddy, Fikile Mbalula, to replace the communist, Gwede Mantashe, as Secretary General of the ANC in 2012. In the meantime, in order to distance themselves from such a heinous...

World Bank Report on Land Grabbing: Beyond the Smoke and Mirrors

Picture: World Bank Photo Collection GRAIN - On 7 September 2010, the World Bank finally decided to publish its much anticipated report on the global farmland grab. After years of work, several months of political negotiation and who knows how much money spent, the report was casually released on the Bank's website -- in English only. The report is both a disappointment and a failure. Everyone was expecting the Bank to provide new and solid on-the-ground data about these "large scale land acquisitions", to use their...