Zimbabwe cash crisis.
Neoliberalism’s global scale crisis has been most acute in Africa, in terms of economic welfare, human suffering, ecological damage, and policy sovereignty. Social opposition to…
Abstract
Neoliberalism’s global scale crisis has been most acute in Africa, in terms of economic welfare, human suffering, ecological damage, and policy sovereignty. Social opposition to the first rounds of dissent was quelled during the 1980s, and export-led growth strategies finally appeared to pay off when, during 2002–2011, commodity prices soared and “Africa Rising” became the watchword. However, as commodity prices plateaued during 2011–2014 and then crashed, authoritarianism has revived. The reimposition of neoliberal policies, a new round of unrepayable foreign debt (in part associated with Chinese-funded infrastructure), and renewed austerity are all bearing down. From internal elite circuits, this threatens to unleash a well-known combination of neoliberalism, neopatrimonialism, and repression by authoritarian leaders. New rounds of protests, often arising as a direct result of these economic catalysts, were witnessed in some of the most famous sites of struggle such as Tunisia and Egypt in 2011, Nigeria in 2012, and South Africa at various points in recent years. Ongoing strife has also brought intense pressure on governing regimes in Algeria, Burkina Faso, Burundi, Cote d’Ivoire, the Democratic Republic of the Congo, Ethiopia, Kenya, Senegal, Sudan, Togo, Zambia, and Zimbabwe, leading to major political reforms and even changes in regimes. This chapter examines the dynamics of this process to expose the neoliberal foundations of rising authoritarianism accompanied by repression – and resistance – across the African landscape.
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After a month of fuel protests and a violent military crackdown, Mangudya on February 20 effectively acknowledged Zimbabwean bond notes and electronic RTGS bank balances as part…
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DOI: 10.1108/OXAN-DB242426
ISSN: 2633-304X
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Geographic
Topical
ZIMBABWE: Budget will offer only partial reform hope
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DOI: 10.1108/OXAN-ES240153
ISSN: 2633-304X
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Geographic
Topical
The announcement comes two weeks after Mnangagwa’s disputed re-election was confirmed after a failed opposition legal challenge. While Mnangagwa has made some promising…
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DOI: 10.1108/OXAN-DB238342
ISSN: 2633-304X
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Geographic
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Alnoor Bhimani, Mthuli Ncube and Prabhu Sivabalan
– This paper aims to assess the impact of the presence/absence of risk management practices on the risk of merger and acquisition (M&A) failure.
Abstract
Purpose
This paper aims to assess the impact of the presence/absence of risk management practices on the risk of merger and acquisition (M&A) failure.
Design/methodology/approach
An agency theoretic perspective is adopted, along with a mixed-methods approach to study managerial complexity beyond simply “good” and “bad”. The focus is on an agency conflicts.
Findings
The authors first present an integrated framework that classifies managerial behaviour and risk management, where M&A bids can become vehicles for maximising managerial benefits rather than shareholder value. The authors proceed to consider M&A activity that benefits both managers and shareholders in the presence of risk management strategies.
Research limitations/implications
The paper highlights the benefits of multiple paradigms and research paths that address dimensions captured by an agency theoretic perspective.
Practical implications
The authors regard this paper as having particular significance in that the global financial crisis has impacted M&A activities and objectives, shifting the employment and related risks faced by managers.
Originality/value
The paper suggests future research paths to advance the understanding of the complex behaviour of managers involved in M&A activities that go beyond the classification of “good” and “bad” managers.
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ZIMBABWE: Currency crisis may intensify
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DOI: 10.1108/OXAN-ES239106
ISSN: 2633-304X
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Geographic
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Leoba Nyathi, Rachel Chinyakata and Leah Gwatimba
This chapter provides an understanding of the state of social protection mechanisms in the Southern African Development Community region and gives reference to two cases from the…
Abstract
This chapter provides an understanding of the state of social protection mechanisms in the Southern African Development Community region and gives reference to two cases from the same region in relation to their social protection response during the COVID-19 pandemic. Secondary data were used to provide an understanding of social responsive measures to mitigate poverty during the COVID-19 pandemic in the region. Existing literature, policies and programmes relative to the social measures to mitigate poverty during the COVID-19 in South Africa and Zimbabwe were reviewed. The study highlighted the importance of preparedness of governments to respond to shocks in order to provide social protection to citizens. It further highlighted the need to adopt more sustainable strategies to help mitigate the effects of pandemics and the need to cushion citizens from the socio-economic effect of future pandemics.
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Prospects for Southern Africa in 2019.
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DOI: 10.1108/OXAN-DB240104
ISSN: 2633-304X
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Geographic
Topical
This was the second major protest banned by the authorities in recent days, amid deepening public dissatisfaction with the government's handling of the economy. As fears grow…