Flawed Mandate: How the SA Reserve Bank increases poverty, unemployment and inequality

By Buddy Wells This article was originally written in 2015, updated in 2016, and we are republishing it now, in 2017 due to the centrality of the South African Reserve Bank in current national politics. Understanding the role of the Reserve Bank, as outlined below, is thus of utmost importance. This article was originally published …

On the current Afrophobia in SA: #PeaceAmongstBlacks!

By Ncamisile Sibiya This past week sees a spate of attacks by Black South Africans against their Black Brothers and Sisters from across the continent. Afrikan is fighting Afrikan for crumbs of the economic pie. Government officials and so-called intellectuals tell us that this is a symptom of a clash of cultures, but those who …

Brian Molefe an exciting addition to parliament

By BO Staff Writer It’s official, former Eskom CEO, Brian Molefe, has been sworn in as an African National Congress Member of Parliament (ANC MP). Molefe, who is credited as having turned around the power utility and stopped the scurge of loadshedding, is rumoured to be heading to the Treasury department. Molefe resigned late last …

Conflict of interest: Pravin Gordhan declares his shares in major banks

By BO Staff Writer Today, parliament’s Ethics Committee released the Register of Interests for Members of Parliament (MPs). ENCA journalist, Lester Kiewit tweeted various pages of the thick book of truths. Kiewit tweeted four pages of declared interests of the Deputy President, Cyril Ramaphosa who has shares in multinational companies like McDonald’s, received a litany …

PICTURES: BLF march to the Reserve Bank

By BO Staff Writer On Friday, the Black First Land First (BLF) movement marched to the South African Reserve Bank (SARB) to demand that the institution act on the Public Protector’s preliminary report which found that ABSA illegally benefited from apartheid cash injections from the SARB. BLF joined the ANC Youth League (ANCYL) recently in …