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The document examines the intersection of trade, climate change, and industrial policy in Africa, warning that the emerging green economy risks confining the continent to a role as a raw material supplier. It highlights a 'credibility gap' where advanced economies use industrial subsidies and carbon regulations while developing nations are historically discouraged from doing so. The author advocates for a development-centered reform of the multilateral trading system, the utilization of the African Continental Free Trade Area (AfCFTA) for regional value chains, and the application of the principle of 'common but differentiated responsibilities' to ensure climate governance supports African industrial sovereignty and economic diversification.

The Institute for Economic Justice (IEJ) criticizes the South African Reserve Bank (SARB) for raising the repo rate to 7% on May 28, 2026, arguing that inflation is driven by external supply-side costs rather than excessive demand. The IEJ contends that high real interest rates—roughly 3% compared to an emerging market average of 2%—stifle investment, increase government debt-servicing costs, and burden households already facing high unemployment and rising costs of living. The document calls for a shift toward a developmental monetary policy that supports green industrialization, energy sovereignty, and infrastructure renewal to achieve genuine price stability.

The document critiques the South African Reserve Bank's (SARB) restrictive interest-rate cycle and its shift toward a lower inflation target, arguing that such policies prioritize price stability over sustainable growth and employment. It proposes a more 'developmental' approach to monetary policy, including a 'look-through' rule for supply shocks and targeted funding tools for productive sectors.

The 'Big Five' agricultural traders—ADM, Bunge, Cargill, COFCO, and LDC (collectively ABCCD)—dominate the global trade of staples like grains, corn, soy, and sugar, controlling 70% to 90% of the commercial grain trade. During the 2021-2022 food price surge, these companies saw net profits increase by 200% to 300% compared to the 2016-2020 average. The author contends that this was achieved through strategic market consolidation, vertical integration, and inter-company cooperation, often facilitated by the EU's restrictive competition policy, which focuses primarily on immediate consumer prices rather than cumulative social harm. The document highlights the recent approval of the $34 billion Bunge-Viterra merger as evidence of regulatory failure and advocates for a transition toward an economy based on degrowth and decarbonization to dismantle the incentives for market concentration.

The report critiques proposed rollbacks of US vehicle fuel economy and emissions standards by the DOT and EPA. It argues that the agencies incorrectly assume fuel efficiency improvements necessarily sacrifice vehicle performance, leading to an overestimation of costs to consumers. The author contends that many compliance pathways, such as turbocharging and electrification, can improve both efficiency and performance, and that reducing horsepower can provide public benefits by decreasing accident rates and infrastructure wear.

The author contends that while central bank independence must be protected from populist right-wing capture—citing attempts by Donald Trump in the US and leaders in Turkey and India—the current technocratic orthodoxy is failing. The text argues that the ECB's focus on price stability via interest rate hikes has been ineffective against 'cost-push' inflation and 'greedflation', and has actively hindered the green transition by increasing capital costs for renewables. To remedy this, the document proposes a 'whole-of-government approach' involving a coordination council and the definition of time-bound secondary objectives, such as 'green interest rate' policies, to align monetary policy with democratic goals without requiring treaty changes.

The World Association for Christian Communication (WACC) warns that AI infrastructure is following an extractivist economic model, citing environmental damage and lack of local benefit. It specifically highlights a planned US$25 billion OpenAI data centre in Argentina as an example of this trend. WACC advocates for national oversight, the protection of Indigenous rights, and a moratorium on new data centres until water and energy risks are mitigated.

This fact sheet from the Institute for Economic Justice examines the structural causes of the African debt crisis, the impact of high interest rates on public services, and the limitations of G20 initiatives. It argues that the crisis is rooted in a 'rigged global system' and calls for systemic reform and debt cancellation through movements like Jubilee 2025.

The document argues that G20 climate finance often prioritizes private profit over public welfare, trapping vulnerable nations in debt through loan-based funding and 'de-risking' strategies. It calls for a shift toward grant-based funding and public investment based on the 'polluter pays' principle to ensure a just energy transition.

The Institute for Economic Justice (IEJ) calls for a break from National Treasury's austerity policies in the 2025 National Budget. The IEJ argues that spending cuts harm the poor and hinder long-term growth, and proposes specific immediate and medium-term tax reforms to fill revenue gaps created by the reversal of a proposed VAT increase. These proposals include restoring Corporate Income Tax to 28%, removing tax breaks for high-income earners, and implementing wealth and financial transaction taxes.

The document analyzes sovereign debt in the Global South as a tool of neocolonial control that perpetuates structural dependencies in food, energy, and manufacturing. It critiques existing G20 restructuring mechanisms for treating debt as a liquidity issue rather than a structural one. Drawing on the failure of the 1980s Cartagena Initiative, the authors advocate for a Global South Debtors’ Coalition to leverage collective bargaining power. This coalition would pursue 'The Bargain of the Century,' proposing that Global South nations use their strategic mineral wealth and market size to secure technology transfers from major powers like China, the US, and the EU. The paper specifically urges South Africa to use its G20 Presidency to advance this framework, linking debt justice to food sovereignty, renewable energy independence, and regional industrial policies.

The Institute for Economic Justice (IEJ) critiques the South African National Treasury's focus on debt stabilisation through expenditure cuts and a proposed 2 percentage point VAT increase. The IEJ argues that such a VAT hike would harm poor households and may not generate substantial revenue due to potential decreases in consumer spending. Instead, the IEJ proposes six alternative revenue-raising strategies: improving SARS's collection capacity, drawing from the GFECRA account, removing unnecessary tax breaks, implementing a differentiated VAT system for luxury items, raising corporate and high-income tax rates, and taxing wealth. The document also suggests lowering the cost of borrowing through capital management and replacing broad expenditure cuts with a transparent spending review process.

The Institute for Economic Justice (IEJ) contends that the National Treasury's focus on debt stabilisation through budget cuts and a proposed binding fiscal rule will hinder South Africa's goal of 3% GDP growth by 2027. The IEJ asserts that fiscal rules lack a proven causal relationship with debt outcomes and that economic growth is a more effective tool for improving debt dynamics. To achieve a sustainable fiscal path, the IEJ recommends maintaining social wage expenditure, increasing revenue by cutting tax rebates for high-income earners, and prioritising state-led investment in social and economic infrastructure.

The executive summary describes the private equity (PE) business model as one of 'legalized looting,' where firms use aggressive cost-cutting, excessive fees, and debt-funded dividends to extract short-term value from acquired companies. It highlights that these practices increase bankruptcy risks and are subsidized by a tax code that provides loopholes, such as carried interest, which benefit wealthy executives while burdening workers and the environment.

The research paper advocates for South Africa to move away from a market-led 'blended finance model' (BFM) for its just energy transition, arguing that market failures necessitate a state-led approach. The author proposes a 'climate response fund' to be financed by a combination of carbon tax increases, earmarking the General Fuel Levy and Mineral and Petroleum Resource Royalty, and implementing public sector efficiency reforms and retirement tax deduction caps. Together, these measures could generate over R100 billion annually for adaptation and equity. The paper also suggests the issuance of sovereign green bonds to fund renewable energy grid infrastructure, arguing for a gentler fiscal deficit glide path to accommodate this strategic investment.

The report argues that the climate crisis is fundamentally linked to 'mimetic desire,' where individuals pursue luxury goods and status symbols not for their utility, but to emulate others. This cycle of conspicuous consumption fuels unsustainable economic growth and greenhouse gas emissions. The author explores various philosophical and economic responses, including degrowth communism, minimalism, and the concept of 'Buen Vivir,' while concluding that neither perpetual growth nor utopian degrowth fully resolves the tension between fulfilling essential human needs and maintaining planetary boundaries. The text identifies a 'climate–development trilemma' where societal stability, basic needs, and resource efficiency are in constant conflict.

The Institute for Economic Justice (IEJ) argues that requiring social grant recipients in South Africa to prove they are actively seeking work is a flawed policy. The document contends that unemployment in South Africa is structural rather than a result of individual effort, noting an expanded unemployment rate of 42.6% (12.38 million people). It asserts that job-seeking conditions create high administrative costs, penalize caregivers—particularly women—and may force workers into low-wage, exploitative employment. The IEJ advocates for an unconditional Universal Basic Income Guarantee (UBIG) as a constitutional right, contrasting this with proposals from the World Bank, National Treasury, and certain political parties to replace the COVID-19 Social Relief of Distress (SRD) grant with conditional job-seeker support.

The 'Big Five' agricultural commodity traders—ADM, Bunge, Cargill, COFCO, and LDC—dominate the global trade of staples like grains and oilseeds, controlling 70-90% of the commercial grain market. The author contends that these companies used the 2021-2022 food price spikes, driven partly by the Russian invasion of Ukraine, to dramatically increase net profit margins, with profits in 2022 being 200-300% higher than the 2016-2020 average. This dominance is maintained through strategies of market consolidation (M&As), vertical integration across the value chain, and interconnectedness via joint ventures. The document criticizes EU competition regulators for a narrow focus on immediate consumer prices, which has led to the approval of nearly all M&A cases involving the Big Five, including the recent 34-billion-dollar Bunge-Viterra deal. The author concludes that while stronger anti-trust enforcement is necessary, a systemic shift toward degrowth and decolonization is required to dismantle the incentives for such concentration.

The Institute for Economic Justice criticises the South African National Treasury for dictating government policy through a fiscal framework that prioritises debt reduction over essential public services. The authors argue that the current 'balanced fiscal stance' and reliance on public-private partnerships (PPPs) hinder economic growth and exacerbate poverty. They propose alternative revenue-raising measures, such as wealth taxes and resource rent taxes, to fund a universal basic income grant and public investment in infrastructure and labour-intensive sectors.

The document challenges the South African government's promotion of trophy hunting as a conservation tool, asserting that the economic value of the practice is inflated and its ecological costs are too high. It argues that the 'sustainable use' philosophy creates unrealistic revenue expectations and promotes unsustainable practices. The author recommends transitioning to non-consumptive alternatives, such as ecotourism and conservation-enhancing agriculture, to better support local communities and ecological sustainability, aligning with the constitutional duty to protect the environment for future generations.