VIDEO+PICTURES: Chris Malikane stands firm: radical economic transformation is the only solution

By BO Staff Writer Radical economic transformation, in terms of changing the structure and ownership patterns of the land and economy, is the only solution to the question of vast inequality in the country, Professor Chris Malikane told a packed room of Black people at the Black First Land First (BLF) movement’s monthly Blacks In …

BREAKING NEWS: President Zuma instructs Pravin Gordhan to cancel roadshow

By BO Staff Writer President Jacob Zuma has instructed the Minister of Finance, Pravin Gordhan and his deputy, Mcebisi Jonas, to immediately cancel their international investor roadshow. “President Jacob Zuma has instructed the Minister of Finance, Mr Pravin Gordhan and Deputy Minister Mcebisi Jonas to cancel the international investment promotion roadshow to the United Kingdom …

South Africa is Ruled by Rating Agencies

By Andile Mngxitama South Africa is being ruled by three credit rating agencies – Fitch, Standard and Poor’s (S&P) and Moody’s. Fitch, which is owned by one of America’s largest diversified media companies – Hearst, has its headquarters in both New York City and London while S&P and Moody’s are based in America. Their legislative …

Why white capital wants Zuma gone!

By BO Staff Writer The first direct open call by white capital for Zuma to go was made by Johann Rupert, the second wealthiest man in South Africa.  Johann Rupert is also known as the Stellenbosch  Mafia. This call has now been joined by the Oppenheimer family through its proxy, Sipho Pityana, who is Chairperson …

Is Treasury Sabotaging the Economy of South Africa?

By Andile Mngxitama South Africa’s inter-governmental wars have reached a new plateau with the announcement by Futuregrowth that it is suspending “any additional loans” to some of the biggest (state owned enterprises) SOEs. In particular Futuregrowth has identified the following entities as its first targets: Eskom, Transnet, Sanral, Landbank, IDC and DBSA. This move is …

Five perspectives on why Pravin Gordhan’s Budget is anti-black

By BO Staff Writer The budget speech delivered by Finance Minister Pravin Gordhan in February this year received a standing ovation from all the political parties in parliament. Even the “Marxist-Leninist” Economic Freedom Fighters (EFF) could not resist the sweet sounding words of a budget meant to save South Africa from the eminent downgrading into …