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 …

National Treasury responds to banking scandal

By BO Staff Writer The National Treasury has finally responded to the biggest scandal of the year – banks unethically meddling with the rand/dollar currency pricing. The Competition Commission has referred ABSA, Standard Bank, Investec, and 14 international banks, to the Competition Tribunal for prosecution. The flaccid statement by the Treasury, headed by Finance Minister …

Why Trevor Manuel is Defending Johann Rupert

By Andile Mngxitama The former Minister of Finance Trevor Manuel has come out guns blazing against Black First Land First (BLF) for opening a criminal case against Johann Rupert. Manuel said the BLF case is “irrational” and even went further to say there is nothing of “substance” from the black consciousness organization. What angered Manuel …

Letter to Gordhan from Jeff Koorbanally

By Jeff Koorbanally Dear Hon Pravin Gordhan Herewith, is my final bomb! I wish to drop on you, as the most dubious Finance Minister with conflict of interest. Let it be known to the public of this country that: May 2011, your “Spiderweb Handler” Maria Ramos (ABSA/Barclays CEO) was in a total panic after I …

Mngxitama’s Seven Questions to Pravin Gordhan

By Andile Mngxitama The court application by Finance Minister Pravin Gordhan last Friday night raises many questions. The application is a desperate bid to divert attention from the fact that he is facing fraud charges and must consequently vacate his position as minister of finance. Some of the questions to be asked are the following: …

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 …

The Truth: Why Dudu Myeni is under attack 

By BO Staff Writer The white owned media has launched a sustained campaign of slander against Dudu Myeni, the Chairperson of the South African Airways (SAA). This campaign has been given a new lease of life by the racist Democratic Alliance (DA) media grand standing about instituting a court process to challenge Myeni’s re-appointment as …

Pravin Gordhan must go!

By BO Staff Writer Below is a statement from the National Convenor of the Black First Land First movement, Andile Mngxitama. Pravin Gordhan is compromised by his business association with bankers who bullied the ANC leaders to appoint him as Minister of Finance last December. Compelling new evidence suggesting unethical and criminal conduct on the …