The weekly free lunch Reply

If you lost track of the news stories this week, our Weekly free lunch post will keep you updated.

There has not been a dull moment:

  • Following the Fed’s QE3 announcement last week, there were a number of articles about the global output gap, the independence of the Fed and also QE3.
  • In South Africa, Lonmin and its striking miners reached a wage settlement and we found some good articles about the implications: what does the mining crisis look like from outside South Africa, what does it mean for the sector and for the unions.
  • Also during the week, the Reserve Bank decided to keep interest rates unchanged.
  • The Constitutional Court set aside an interim interdict preventing Sanral from instituting toll fees on some of Gauteng’s major roads.
  • Then there were questions about Eskom’s energy costs.
  • And finally, addressing delegates at Cosatu’s meeting on Thursday, general secretary Zwelinzima Vavi said the federation would lodge a section 77 notice with the NEDLAC to allow Cosatu’s 2.2-million members to go on strike to force the government to change the current economic policies. This would include the realignment of the treasury and a new mandate for the Reserve Bank, which it said should be nationalised.

Clearly, lots of things to talk about at a Heritage day braai! You can read all these stories on our page.


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