The news of heavy fraud and corruption in two of South Africa’s biggest monopolies has thrown the big capitalists into turmoil. The scandals, which broke out almost simultaneously, involve two global behemoths, Naspers and Steinhof, and implicate some of the very biggest tycoons in the country, such as Christo Wiese, Markus Jooste and Koos Bekker.

Robert Mugabe’s departure on Tuesday, 21 November as president of Zimbabwe, after 37 years in office, has sent ripples throughout the southern African region. In Uganda it has brought out many of the underlying tensions beneath the surface of society.

Note: this article was published shortly before Mugabe announced his resignation, with immediate effect, at approximately 4pm (UTC).

On Monday morning, Zimbabwe was on a knife-edge after Robert Mugabe failed to announce his resignation as state president the previous evening. His resignation was widely expected after he lost complete control of his party over the weekend.

Join us!

Help build the forces of Marxism worldwide!

Join the IMT!