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Blog Archives

2025/26 Budget Statement: Budget 3.0 continues the anti-poor direction of the’ Government of National Unity’

We are concerned that very little is mentioned about how to address the problem of mass unemployment.

Posted in AIDC, Press Releases Tagged with: , , , , , , , , ,

Joint Statement: Rejection of the VAT Hike Should Not Deepen Budget Cuts

Replacing a VAT increase with budget cuts is not a victory for unemployed and working-class South Africans but a defeat. 

Posted in Press Releases Tagged with: , , , , , , ,

STATEMENT: AIDC CALLS FOR THE REJECTION OF THE 2025/26 BUDGET

The government is captured. The poor are left to fend for themselves in a dog-eat-dog world.

Posted in AIDC, Press Releases Tagged with: , , , ,

Where is the Money?

There are many better options of where the money is.

Posted in AIDC, Publications Tagged with: , , , ,

AIDC submission on the 2024 Revised Fiscal Framework and Revenue Proposals

The AIDC submission addresses the National Treasury’s fiscal policies, including the disproportionate weighting placed on debt-to-GDP as opposed to targeting reductions in poverty, inequality and unemployment.

Posted in AIDC Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

PIC settlement: Pension fund must work for society, not a tiny elite

By Brian Ashley, Dick Forslund and Jaco Oelofsen According to media reports, a deal has been struck outside Court between the Public Investment Corporation (PIC) and Iqbal Survé’s company AYO Technology. Out of the R4.7-billion of GEPF’s funds that GEPF’s manager

Posted in AIDC Tagged with: , , , , , , , , , ,

$750 Million World Bank Loan Myths

On 21 January 2022, the World Bank approved a $750 million (~R11.4 billion) loan to assist the South African fiscus. As part of the Bank’s “development policy loan” (DPL) programme, this loan is expected to have an interest rate of

Posted in Campaigns to Dismantle Corporate Power Tagged with: , , , , , ,