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Climate change is a devilishly complex challenge that affects all aspects of our lives. It affects weather patterns, biodiversity, access to and sustainability of water and land resources, air pollution, inequality, employment, industrial production, distribution and consumption, and migration patterns.
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(By Prof Daniel Bradlow)
An independently commissioned inquiry has alleged that IMF managing director, Kristalina Georgieva, may have put pressure on subordinates to favour China in the World Bank’s Doing Business Report during a previous role at the institution.
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South Africa’s local government elections, to elect the municipal tier of government, are constitutionally mandated through section 159 of the Constitution of South Africa to take place every five years. These elections were scheduled to take place towards the end of 2021 and have been the subject of great deliberation in the nation. Conducting elections during a pandemic has been the subject of much debate on the continent and worldwide, with certain countries choosing to continue with elections amid the pandemic and others choosing to postpone their elections amid concerns of the risks involved. Nations on the continent that have held elections during the pandemic include Zambia, Malawi, Ghana, Rwanda, Uganda and Côte d’Ivoire. Given the extent of the risks of holding elections during the pandemic and mixed calls on whether to postpone or continue with elections in the nation, the Independent Electoral Commission (IEC) of South Africa ordered an inquiry commission to determine the nation’s capacity to hold free, fair elections during the initially scheduled period in October.
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(By Professor Daniel Bradlow)
The International Monetary Fund (IMF) will inject $650 billion in Special Drawing Rights into the global economy. It will allocate them among its member states, which can then decide for themselves how they want to use their Special Drawing Rights.
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(By Daniel Bradlow and Kevin P. Gallagher)
On July 9, the International Monetary Fund’s executive board agreed to inject the equivalent of $650 billion in Special Drawing Rights — IMF’s unique reserve asset — into the world economy.
Op-Ed: Nixon’s decision to delink the dollar from gold still hounds the IMF, South Africa and Africa
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(By Professor Daniel Bradlow)
Five decades ago this month, US President Richard Nixon informed the world that the US would no longer honour its commitment to exchange US dollars for gold on demand. The commitment had been the foundation of the international monetary system created in 1944 at Bretton Woods, a conference established to regulate international financial order after the conclusion of the second world war. This system required each participating state to maintain a fixed par value for its currency in terms of the US dollar. In return, the US promised to freely exchange dollars for gold at the agreed price of US$35 dollars per ounce of gold.
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(By Frans Viljoen)
South Africa has a painful history of police using excessive force against protesters. In one of the worst incidents under the apartheid government 69 protesters were shot in cold blood by police outside a police station in Sharpeville in 1960.
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By: Bonolo Makgale and Tariro Sekeramayi
Introduction
Dr. John Henrik Clarke once remarked, “History is not everything, but it is a starting point. History is a clock that people use to tell their political and cultural time of day. It is a compass they use to find themselves on the map of human geography. It tells them where they are, but more importantly, what they must be.”
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By Ashwanee Budoo-Scholtz
The African Union (AU) held the 38th Ordinary Session of its Executive Council at the beginning of February 2021. One of the agenda items was to elect six new members of the AU Commission.
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(By Professor Daniel Bradlow)
The COVID-19 crisis is one of many indicators that we live in dangerous and uncertain times. Others include the international community’s struggle to respond to technological and climate change, demographic shifts, growing poverty and inequality as well as increased global insecurity.