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looking beyond borders

foreign policy and global economy

Archive for the tag “South Africa”

What Happens When A Major World City Runs Dry?

Residents of this coastal city of 4 million have begun stockpiling bottled water and lining up at natural springs. The reason? Cape Town, a global tourist destination and South Africa’s second-largest city, may soon switch off its taps. Dams are running low in the midst of an extreme three-year drought, one that has been compounded by extended delays in new infrastructure investments. “Day Zero” — the date when officials plan to shut down the municipal supply and start dispensing rations from some 200 collection points — is now expected to arrive in June, a month after the winter rains usually begin.

Read Here – Foreign Policy

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Two Certainties And One Very Big Elephant In The Room

Two things are certain: ANC president Cyril Ramaphosa will take over the Presidency of the country once Jacob Zuma steps down, and Zuma has agreed to do so. One massively big elephant remains in the room, however, and that is: when exactly will Zuma go?

Read Here – Daily Maverick

The Trials Of Jacob Zuma

Today, after eight years as South Africa’s leader, and 10 years in charge of the governing ANC, Jacob Zuma’s laughter has turned against him. To many in this country it has become a jarring, charmless cliche – the hollow mirth of a man whose presidency is widely blamed for the corruption, misrule and economic stagnation that now afflict a nation.

Read Here – BBC

Even With Modi Back On Board, China Will Find It Hard To Keep Emerging Markets Club Together

The confirmation that Indian Prime Minister Narendra Modi will show up in the coastal city of Xiamen has cleared a major obstacle to a “successful” BRICS leader summit – an event that China has been preparing for months to showcase its global influence. However, a ceremonial summit may not heal deep cracks in the club of Brazil, Russia, India, China and South Africa.

Read Here – South China Morning Post

Also Read: Five Things To Watch Out For At The BRICS Nations Summit

Gandhi’s Unequal Justice In South Africa

During his years in South Africa, Gandhi sought to ingratiate himself with Empire and its mission. In doing so, he not only rendered African exploitation and oppression invisible, but was, on occasion, a willing part of their subjugation and racist stereotyping. This is not the Gandhi spoken of in hagiographic speeches by politicians more than a century later. This is a different man picking his way through the dross of his time; not just any time, but the height of colonialism; not through any country, but a land that was witness to three centuries of unremitting conquest, brutality and racial bloodletting.

Read Here – New Republic

BRICS New Development Bank Launched In Shanghai

The five BRICS countries are home to 42.6 percent of the global population, 21 percent of the world’s economy and nearly half of the world’s forex reserves, but have been marginalized in the global financial landscape. For example, in the World Bank, the five have a total of only 13 percent of voting rights, while the United States alone holds 15 percent. A similar picture can be seen at the International Monetary Fund (IMF).

Read Here – Global Times

Will the World Ever Boom Again?

The problem is that China’s recent slowdown from 10 percent annual growth to about 7 percent is only the beginning. The recent drops in housing and stock prices are harbingers of a further economic moderation. That is inevitable, since no country can grow at a breakneck pace forever. And with the slowing of China, Brazil and Russia have been slowing as well — the heyday of the BRICs (Brazil, Russia, India and China) is over. But the really worrying question is: What if other nations can’t pick up the slack when China slows? What if China is the last country to follow the tried-and-true path of industrialization?

Read Here – Bloomberg

The BRICS: Beyond The Hype

The BRICS grouping—comprising Brazil, Russia, India, China, and South Africa—is as contentious as it is misunderstood. Skeptics dismiss the BRICS out of hand, arguing that the coalition is all talk and no action. Enthusiasts, on the other hand, maintain that the BRICS portend a new global pecking order—one in which the emerging economies, led by China, will challenge and eventually overtake a West in decline. More sober analysis is hard to come by.

Read Here – The National Interest

Here’s the $17 Trillion Reason Why the BRICS Summit This Week Is a Big Deal

Leaders of the so-called BRICS countries are meeting starting Wednesday in Ufa, Russia. Here’s what you need to know about these emerging market economies to follow the summit.

Read Here – Bloomberg

Bloomberg

Charting Bribery

When it comes to trading money for influence, China tops the list. People in the world’s biggest economy give bribery an average rating of 5.5 on the scale. China was followed by Jordanians (5.0) and Russians (4.5).

Read Here – Quartz

Courtesy: Quartz

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