Economic justice

Call for Microcredit Legislation for the Poor

Grameen Bank founder, Mohammad Yunus, says a lack of microcredit laws in many African countries is denying millions of the continent's poor access to loans.

Yunus, who won a Nobel prize in 2006 for championing tiny microcredit loans to the poor in Bangladesh, is now pioneering an idea he calls ‘social business’ as a way to fight poverty - business not for profit, but to solve social problems.

IMF Restores Zimbabwe’s Voting Rights

The International Monetary Fund (IMF) has decided to restore Zimbabwe's voting rights after a seven-year suspension over failure to pay US$1.3 billion it owes the organisation and other creditors.

The decision by the IMF's executive board constitutes a first step toward endorsement of the economic policies of the coalition government formed a little more than a year ago by President Robert Mugabe and long-time rival Prime Minister Morgan Tsvangirai.

NGOs Comment on 2010/11 National Budget

The newly-appointed Finance Minister Pravin Gordhan presented the 2010/11 National Budget to Parliament on 17 February 2010 in Cape Town.

As in the past few years, SANGONeT is pleased to present you with the comments and perspectives of various NGOs in response to the budget.

Issues covered by the NGO comments range from general observations about the budget to key development priorities such as education, social services, gender, urbanisation, children and health.

Junior Achievement South Africa Comments on the 2010/11 Budget

While it should be appreciated that the government has placed education as a priority within the budget, it is still our deep feeling that greater action is required. The Minister talks at length about the huge employment drive wherein companies will be reimbursed via the tax system if they employ inexperienced young people – he boldly estimates that 800 000 young people stand to benefit in this way. This is highly commendable.

Socio-Economic Rights Institute of South Africa Comments on the 2010/11 Budget

The Socio-economic Rights Institute of South Africa (SERI) is a new NGO set up to provide individuals, communities and social movements with legal, policy, research and advocacy assistance around housing, basic services, and migrant rights and livelihood issues. We have chosen to comment on some of the aspects of the 2010 Budget speech which are relevant to our thematic areas of work, and which we view as being critical to ensuring the maximum positive impact of government spending in economic and social policy implementation.

NEHAWU Comments on the 2010/11 Budget

NEHAWU welcomes the Budget Speech that was tabled before parliament today by the Minister of Finance, Mr Pravin Gordhan and we are happy with the government’s commitment to increase and shift government spending on key priority areas with the intention to create a new growth path for the local economy.

Whilst there are important commitments in the budget speech which we support such as increased allocations for HIV/AIDS although we are concerned that the spending over the Medium Term Expenditure Framework period remains moderate.

People’s Budget Campaign Comments on the 2010/11 Budget

The People’s Budget Campaign (PBC) is a civil society coalition comprising of the Congress of South African Trade Unions (COSATU), the South African Council of Churches (SACC) and the South African NGO Coalition (SANGOCO). This coalition has for the past ten years tabled proposals on the spending of revenue by the National Treasury and argued for a participatory budget process.

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