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.

Sometimes It's Better Not to Overstay One's Visit: Once More on NUMSA and the Demise of COSATU

Picture credit: Zwelinzima Vavi, General Secretary of Congress of South African Trade Unions (COSATU) and Irvin Jim, General Secretary of the National Union of Metalworkers of South Africa Leonard Gentle - The COSATU Central Executive Committee (CEC), the decision-making body of affiliate leaders, which meets between the more representative Congresses and Central Committees, held a meeting last week to decide on the fate of its biggest affiliate, the National Union of Metalworkers (NUMSA) and to discuss the report of its General Secretary, Zwelenzima Vavi, himself the subject of dispute. This CEC was the consequence of a decision at a postponed CEC in April this year at which time the ANC...

Nene's Medium Term Budget Fails to Get Balance Right between Fiscal and Social Responsibility

Picture credit: South Africa Ebrahim-Khalil Hassen - How do we measure the performance of the South African budget? The message from Finance Minister Nhlanhla Nene’s inaugural Medium-Term Budget Policy Statement suggests dual objectives. Minister Nene has cut the expenditure ceiling and capped spending on items such as advertising, travel expenses, catering and consultants. Balancing the books sensibly and attempting to ensure effective use of public monies will encourage investor confidence and also pay for the salaries and equipment...

The 'World Versus Bank' Seen from South Africa

Picture credit: World Bank protest in Jakarta courtesy Jonathan McIntosh/Wikipedia Patrick Bond - Is age 70 a dignified time for retirement, especially for policies and practices long considered destructive but now back in official favour at the World Bank? Founded in 1944 to finance war-torn Europe’s reconstruction, the Bank is now suffering one of its most severe credibility crises. A new civil society campaign, ‘WorldVsBank’, features protests and teach-ins on Friday, October 10, at the Bank’s Annual Meeting in Washington and ten other countries, including...

Greenwashing Our Troubles Away?

Picture credit: Triple Pundit Glenn Ashton - We live in a world of mixed messages, nowhere more than around the environmental health of our planet. While humans relentlessly fray the fabric of our planet’s natural systems, business and politicians reassuringly coo about how we have shifted toward a more socially beneficial and environmentally sustainable path. Nothing could be further from the truth. Yet rather than dealing directly with our problems, a malevolent industry has emerged whose intent is to sow confusion about the...

Global Inequality Reaches Levels Not Seen in Nearly 200 Years

Picture credit: Dean Chahim/flickr Common Dreams - Global income inequality has returned to levels recorded in the 1820s—when the Industrial Revolution produced sizable wealth gaps between the rich and poor—according to a new report released Thursday by the Organization for Economic Cooperation and Development (OECD). The sweeping study, "How Was Life? Global Well-Being Since 1820," uses historical data from eight world regions to present for the first time "systematic evidence" of trends in areas such as...

Is the ANC Serious about 'Radical Economic Transformation'?

Picture credit: Citizen Alert ZA Blog Ebrahim-Khalil Hassen - Presidents’ relish shorthand descriptions of the agenda they are implementing. In Jacob Zuma’s first term of office, the term “faster change” played that role. Bureaucrats and politicians quickly took up this term not merely to demonstrate loyalty to a newly installed President, but also because many in public service valued a commitment to accelerating change. The term however faded from usage, buried in inaccessible policies and procedures, and the absence of a...