South African stocks slid as much as 5% and the rand fell 2% versus the dollar on Monday as fears about Europe’s financial sector hit equity markets.
South African stocks remained in the black at midday on Monday, thanks to firm resources stocks, which are benefiting from soaring metals prices.
Official data tell us that class apartheid, born in April 1994 with features that include durable racism and patriarchy, is now a malevolent juvenile delinquent.As with racial apartheid two decades ago, the chains of class apartheid have growing cracks and, with enough pressure from below, can also be broken.
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/ 21 November 2007
Lazarus Tlhahane (69), a grandfather seven times over, is hoping to be adopted. He owns one of the 15 makeshift stalls that have sprung up across the road from the Soccer City stadium in Soweto. From his stall Lazarus serves up plates of pap and stew to some of the site’s 1Â 600 construction workers.