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.

To Hell with Economics

Picture credit: Independent Australia Leonard Gentle - President Jacob Zuma recently returned from Russia, a strange place to be for many when you’re in the middle of a crisis at home, as many a commentator here in South Africa has observed. Maybe he and Putin were swapping stories of a new series of Survivor. Putin certainly would have a lot to teach Zuma on that score. But important as those tips may be for our embattled Zuma, Putin has much bigger fish to fry and for those of us more interested in social justice than the competing...

From Marikana to the Fall of African Bank: How Unsecured Loans and Low Wages Create a Hollow Economy

Picture credit: Narrow Bridge Finance Saliem Fakir - At first glance the connection between Marikana and African Bank Investments Limited (Abil) may seem tenuous. But there is a connection. “Moneylending” is the unholy connection between Marikana and the position that Abil finds itself in today, revealing the underbelly of a troublesome industry that has become a systemic problem for South Africa. Even the ratings agencies believe so. They have not just downgraded Capitec, a bank similar to Abil with a huge unsecured lending...

Provincial Centres for Entrepreneurship? South Africa's New Small Business Ministry Gets Off on Wrong Foot

Picture credit: Youth Development Outreach Ebrahim-Khalil Hassen - South Africans of all stripes often lament the general lack of entrepreneurial success and limited support for its development in the country. So when President Jacob Zuma created a new small business ministry, the Department of Small Business Development (DSBD), soon after entering his second term in office, the news was well received all round. The new ministry has its work cut out for it, but its minister, Lindiwe Zulu, appears confident that it will be up and running and producing...

An International Perspective on the Need for a Four-Day Workweek: With Lessons for Us All, of Course

Picture credit: pudgeefeet/flickr Lynn Parramore - Want to make employees happier and more productive? Give them a four-day work week. The concept was introduced in the 1950s by American labor union leader Walter Reuther, but it’s taken a long time for the country to come around to his way of thinking. There are signs that things are changing. Treehouse, an online education company, has a four-day work-week policy, and CEO Ryan Carlson has never looked back, saying it increases both output and morale. Other forward-thinking companies,...

Study Reveals Preference for Foreign Black Migrants in Some Sectors of South African Economy

Picture credit: Waiter courtesy Franschhoek Wine Valley/flickr Saliem Fakir - In the city where I live, Cape Town, it’s not unusual to hear a foreign accent or see a foreigner. Foreigners are part of the intricate web, not only of the Cape’s economy, but also of the rest of South Africa. Foreigners arouse one’s curiosity. Some are treated better than others, but there are always questions in people’s minds - how did they make their entry into South Africa? Where did they come from? Why did they come here? Who employs them? Despite our talk...

On Strikes and Violence in South Africa

Picture credit: Police attack demonstration during the 2006 South African security guards strike courtesy Derek Blackadder/SATAWU/flickr. Mohamed Motala - In recent years, strikes in South Africa have become turbulent. Today the Farlam Commission is hearing evidence of the 2012 strike on the platinum belt that was characterised by extreme use of violence on all sides. Mining companies, Lonmin, AngloPlat and Implats, assisted by the South African police, displayed aggressive behaviour towards striking mineworkers, which resulted in an elaborate show of force culminating in the biggest post-apartheid massacre in the history of South Africa....