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.

The Rules of Globalisation are Slanted Against Labour

Picture: Imre Solt/GNU License Glenn Ashton - The world is familiar with the ugly face of the globalisation of labour, where poor African immigrants wash up on the coasts of Spain, Italy, Malta or the Canary Islands, dehydrated and dying after harrowing ocean voyages. This is the fate of ambitious, desperate immigrants who answer the siren song of globalisation to pursue elusive wealth and a better life. Very few of these tragic cases are covered in the western media, unless it is to decry the threat of illegal immigration. We hear of a...

What do Malema and Knott-Craig Sr. Have to Teach Us About the Morality of South Africa's Economy?

Picture: Muffet Saliem Fakir - A few weeks ago a Sunday Times exposé on highly regarded and respected former CEO of Vodacom, Alan Knott-Craig Sr. raised some interesting questions about the relationship between economics and morality. Knott-Craig Sr. was alleged to have been involved in nepotism, corporate malpractice and violations of corporate governance, according to a confidential KPMG audit report. He was accused of lavishing favours worth millions of Rand on his son and other family members. The allegations...

The Silence of the Lambs: What Has Happened to the 'Developmental State'?

Picture: JP-Flanigan Leonard Gentle - I have vivid memories of Budget Day as a child. Everyone in the house, particularly noisy children, had to be quiet when the radio broadcasted the budget speech (there was of course no TV then). Maybe it was because my parents were schoolteachers and the matters of teachers’ salaries and tax rates in the budget were crucial to their livelihoods. But they were not alone in this regard. In the build-up, every newspaper and every radio station would alert readers and listeners to the...

Budget 2010: How Are We To Do It?

Picture: American Chamber of Commerce Ebrahim-Khalil Hassen - What is to be done? Minister Pravin Gordhan asked the question in his inaugural budget speech. There was a slight pause after he asked the question. He then broke from the written text to say, "Some of you will know where that comes from." The obvious reference was to the title of a political and theoretical article written by Lenin, and in so doing suggestive of a leftist orientation to the budget. Minister Gordhan then went on to eloquently explain the exemplary objectives that...

Pointers for Pravin

Picture: www.sars.go.za Ebrahim-Khalil Hassen - The previous Minister of Finance, Trevor Manuel, always peppered his budget speech with humorous advice received as part of his “Tips for Trevor” campaign. As Minister Pravin Gordhan unveils his inaugural budget speech what would a set of “Pointers for Pravin” be? Judging by his Medium-Term Budget Policy Statement speech in 2009, the South African public should also remember that Minister Gordhan is likely to make a point or two of his own. In many ways Minister...

Is a Coordinating Role for the Department of Economic Development Enough?

Picture: Kool_Skatkat Ebrahim-Khalil Hassen - A central message from government since the 2009 elections is that the "economy needs coordination." To this end, in addition to the already existing National Treasury and the Department of Trade and Industry, government has created the Economic Development Department (EDD). The creation of the EDD recognises that departments such as communication, agriculture, arts and culture and science and technology all play important roles in the economy. In addition, the restructured...