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AIDC Statement: Interest rates hike to push SA towards recession!

The South African Reserve Bank (SARB) has hiked the interest rate by another 75 basis points. The repo rate will now increase to 6.25%, and the prime rate to 9.75%, from 9%. This is like pulling the handbrake on the

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Op-Ed | There is no U-turn – The public sector austerity negotiations and the ‘4.5%’ spin

By Dick Forslund | Daily Maverick | 07 June 2022 Dick Forslund is a senior economist at the Alternative Information and Development Centre, which produces the activist magazine Amandla. On 2 June, Business Maverick (BM) reported that the government had “made a

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