Tag Archives: South African Reserve Bank

African migrants pay high prices to send money home

(IRIN) – New data from the World Bank has revealed that African migrants pay more to send money home to their families than any other migrant group in the world. While South Asians pay an average of US$6 for every … read more »

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More than half of the people in South Africa live in poverty – study

The results of a government survey show that over half of the population of South Africa lives in poverty in the wealthiest African nation. The national agency Statistics South Africa conducted the survey in 2009 and released the results on … read more »

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South Africa: economic shock the fault of poorly managed labour relations

By Madeline R. Young The South African economy has recently taken a major blow due to a much-reported epidemic of labour disputes in the mining industry. Approximately 50,000 mine workers have gone on strike across companies, with violent clashes leading … read more »

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No Mandela did not sell out

Tiisetso Maloma I’m sure most of you saw an article on Mandela’s birthday; titled “Mandela sold blacks out” Read it HERE. I could feel the pain the fella was spilling into the post. Either you sympathized with it; were disgusted … read more »

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IMF Executive Board Concludes 2011 Article IV Consultation with Namibia

WINDHOEK, Namibia, February 9, 2012/African Press Organization (APO)/ — On February 6, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Namibia.1 Background The Namibian economy rebounded strongly in 2010 following the mild … read more »

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African National Congress:100 years of Great Triumphs and Powerful Minds

by Emeka Chiakwelu As racism and oppression against Black Africans gained momentum in the newly established Union of South African, Pixley ka Isaka Seme a visionary leader in 1911 appeal to all non- European ethnic groups in South Africa to … read more »

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