Project Hammer was a desperate undertaking by the USA government to rescue some of its major banks, who, by the end of the 1980’s, faced insolvency.
These banks included Citibank, HSBC, Chase Manhatten and the Bank of New York.
Posted in BEE, Business & Economy, Corruption, Crime, Discrimination, Farm Murders, Fraud, Land Grabs, Mob Justice, News, Police Corruption, Protests & Mass Action, Racism, South Africa
By: Mzukisi Makatse
I am a member of the ANC and have been since 1989 when I was barely 11 years old. Painfully, it is the first time in all these years that I am overcome by a great feeling of doubt about the ANC.
A new report reveals how the ANC government forbade Eskom from building new power stations while South Africa was running out of electricity
The South African Institute of Race Relations (IRR) has released a new report, titled: “The rise and fall of Eskom – and how to fix it now”. Read more...
The mere mention of South Africa in a discussion provokes deep images of institutional racism, discrimination and horrific violence.
Posted in Business & Economy, Corruption, Crime, Documentary, Education, Health Care, History, International, Murder, Opinion, Rape, South Africa
Seventy-six percent of people in SA used to feel the country was going in the right direction from the early years after 1994, but now just 42% think so.
Those who have been through crisis points in their lives know that the first step to recovery is admitting there is problem, that the situation is unmanageable. The paradox is that only after such utter surrender can the solutions begin. There are reminders everywhere.1 I had a couple this week that the Zuma Administration is some way from grasping reality. One was a passionate soccer administrator who tried to explain away the $10m bribe SA paid FIFA officials to host the 2010 World Cup. Another is recently appointed Eskom chief Brian Molefe’s emotive defence of the indefensible Russian nuclear power project that threatens to bankrupt SA (but enrich the already enriched). RW Johnson’s explains in some detail in his classic How Long Can SA Survive that the end of Apartheid was engineered abroad. Hopefully international pressure will play a similar, desperately required job of sobering those who desperately need it. Here’s a precis of what the British are reading about South Africa in the influential Times of London this morning. – Alec Hogg
THE TRUTH ABOUT SOUTH AFRICA – Hosted by BRENDI RICHARDS
THIS WEEK’S GUEST: TREVOR LOUDON, Author / Researcher / Activist
Posted in Brendi Richards, Business & Economy, Corruption, Discrimination, Documentary, History, Racism, Radio Interviews, Radio Show Archive, South Africa, United States of America
The Democratic Alliance has suspended a Western Cape ward councillor after he handed a letter to a high court judge asking for a lighter sentence for a convicted gang member and killer.
Pretoria high court wants the public prosecutor to investigate if the government broke the law in allowing Sudan President Omar al-Bashir to leave SA.
Sudanese President Omar al-Bashir left South Africa despite a high court order prohibiting his departure. (AFP) Read more...
I couldn’t agree more education is paramount, but unfortunately Zuma doesn’t have the money or the infrastructure to do this, and why does he only talk about this now, when he’s known about this for years, besides, that was the great Madiba’s vision, not bloody Zuma’s!
He’s only saying this to start feathering his nest for the next election, it’s a political promise that he knows he can’t deliver on, he can’t even feed the country. Read more...