With ever-rising interest on loans in South Africa, there are growing calls to create community banks that use the "profits" to the benefit of community members, and not to continue enriching billionaire bank executives.
The rising gap between the top rich including chief executive officers of private banks whose salaries are beyond imagination and the majority who are very poor in South Africa is worrying. The culture of greed capitalism has to stop to avoid a national catastrophe.
In this article, the author believes that South Africa's current President, Cyril Ramaphosa, is serving the interests of the British Empire and its capitalist allies and not those of his people, especially Black people who overwhelmingly support the ruling African National Congress.
South Africa is running out of water, yet every day the push is to export more. Most of South Africa’s exports outside of mining are agricultural produce; most going overseas to the rich countries and through out that production process, goes South Africa’s (and Africa’s) water.
The author argues that arable land that is used for entertainment and other recreational activities in South Africa could be used for agriculture to feed millions of South Africans who cannot afford a decent meal. Trying to "safeguard" the interests of the middle class by keeping that land for leisure instead of using it for the general good will not protect the interests of the middle class either.
South Africa has a serious drinking problem, but alcohol companies always get their way out. The author calls more regulations to ensure that alcohol companies pays for the consequences that come with heavy drinking in the country.
Big Business thought the Zuma factor was just what they needed and the Rand-Dollar traded in the 8.50 – 6.70 band. Then in January 2016, they decided Zuma was bad for business, warning shots were fired, the Rand fell almost to 17. Now Ramaphosa is what Big Business wants!
The judgment has been handed down on Helen Zille, leader of South Africa’s opposition Democratic Alliance, muzzling her from any party related communications in future. She said that colonialism wasn’t all bad. Her tweet was insensitive but true, the backlash furious and nonsensical. Why? I blame black guilt, which I understand very well, because I’m white.
Zuma shouldn’t be president, that’s obvious. But that he is the problem and that to replace him with Gordhan or Rhamaposa is the answer, is totally misguided. The problem reaches back to Zuma’s predecessors and to economic policy as a whole. Zuma is a symptom, not the cause.
Donald Trump says he is a devotee, born again, his Christian conversion claimed through the James Dobson ministry. As a committed Christian he is bringing his private beliefs (how strong the man’s faith is, who can tell?) into the workplace. He is stacking his cabinet with a range of faith first, science second quacks, a move that in the face of Climate Change is an assault on all of mankind.