Tag Archives: economy

African Political Economy (AXL 3200F)


Course Convenor: Dr June Bam-Hutchison

Lecturers: Professor Lungisile Ntsebeza & Dr June Bam-Hutchison

Download course outline for 2019 in PDF format

What is the course about?

This third year level course aims to introduce students to critical debates in the political economy of Africa, with specific reference to Sub-Saharan Africa. It focuses on a particular debate that can be traced to Giovanni Arrighi’s critique of the classical model as articulated by Arthur Lewis. The debate was taken a step further by a group of white South Africans, who had received their training in Britain and Europe. They developed a strongly Marxist theory under the theme of “articulation of modes of production”. There was also a group of African and Latin American scholars that got involved in the debate,…

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Gas discovery could rescue South African economy – experts


An oil rig is shown in this file photo.
Durban – A TRILLION rand over 20 years could pour into the country if a gas discovery in the Outeniqua Basin, off the southern Cape coast, is tapped.

French oil and gas company Total announced on Thursday that it had found gas condensate on the Brulpadda Prospects, which is located on Block 11B/12B in the Outeniqua basin.

It represents about a billion barrels of oil equivalent and is found about 175km off the southern Cape coast.

President Cyril Ramaphosa shared news of the find during his State of the Nation Address on Thursday night.

He said: “This could well be a game-changer for our country and will have significant consequences for our country’s energy security and the development of this industry. We congratulate Total and its various partners…

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Politics Hinders Ramaphosa's Bid to Rouse S. African Economy



Politics is tying the hands of South African President Cyril Ramaphosa as he weighs policy trade-offs needed to rejuvenate a moribund economy.
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Adapt IT’s plan to grow in the slow South African economy


Adapt IT has released its interim results for the six months ended 31 December 2018, showing an increase in profitability and the positive effects of its acquisitions.

Following their release, MyBroadband spoke to Adapt IT CEO Sbu Shabalala about the company’s results and its strategy for the rest of its financial year.

Shabalala said there was strong potential for growth in South Africa and that it remained Adapt IT’s primary market.

However, slowing consumer spending and a lack on infrastructure development mean the company has looked overseas for extended growth opportunities.

The company has seen good growth in overseas markets and last year it acquired Australian education software company WiseNet to boost its international presence.

Wisenet serves approximately 11% of the Australian…

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CHTA: 44 Percent of Caribbean Hotels Say Tourism Economy Is Strong


The Caribbean Hotel and Tourism Authority (CHTA) announced at the Caribbean Travel Marketplace, hosted at the Montego Bay Convention Center in Jamaica, the findings of its fourth annual Industry Performance and Outlook survey, as completed by hotels across the region. The survey was completed to gain a better understanding of the state of the tourism economy, its outlook and the degree to which a number of factors may affect the tourism industry.

The good news? Forty-four percent of respondents say the tourism economy in the Caribbean today is “strong.” On top of that, seven percent replied with “extremely strong” and 42 percent said “moderate,” while seven percent replied with “weak.” None answered “extremely weak.” Several of the top reasons for the…

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Absa's Ramos Sees Confidence Returning to South African Economy



Absa Group Ltd. Chief Executive Officer Maria Ramos is betting that South African President Cyril Ramaphosa is on the right track with rebuilding the …
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