Early March 2022 provided a surprising reflection of the extent to which dominant Western norms of international finance could retain hegemony, even as the world’s North-South polarisation suddenly worsened. The Shanghai-based New Development Bank (NDB) was set up by five countries – Brazil, Russia, India, China and South Africa (BRICS) – at a 2014 Brazilian conference of presidents.
By Patrick Bond
April 28, 2017 — Links International Journal of Socialist Renewal — On South Africa’s political left, the Economic Freedom Fighters (EFF) party dominated recent news by leading a mass march on President Jacob Zuma’s office in Pretoria, following a government power shift seen as amplifying corruption. The move also catalysed a ‘junk’ rating by two neoliberal credit ratings agencies. And an impeachment process on the immediate horizon represents the first real parliamentary threat to Zuma’s eight-year reign.