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‘I’ve always had a thing for creating value’
08 September, 2016

Fred Ajusi learnt from an early age the importance of saving as well as making your own money.

A fourth year BCom economics and finance student, Ajusi takes pride in being financially savvy.

“People call me stingy,” he chuckles. “They think I’m a stingy guy because I don’t like to spend money, and I think that it’s not that I’m stingy; I just understand the value of money,” explains Ajusi. “When you understand the value of money, and you realise the idea behind spending, you realise that small changes that you make to your spending habits can have a major impact on your long-run financial standing.”

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A minimum wage needs to balance risk and opportunity, says DPRU
27 June, 2016

The benefits of setting a national minimum wage at R2 447 per month could, on average, outweigh the costs, but setting it at R3 400 could risk far greater job losses, warns a research paper from UCT’s Development Policy Research Unit (DPRU).

Weighing up the costs and risks of setting a national minimum wage at these two levels, the DPRU, in a study led by Professor Haroon Bhorat, argue that a baseline of R2 447 could result in job losses of up to 281 000 people across the board. This is far more palatable than the more than 500 000 low-wage workers who might expect to lose their jobs should the baseline be set at R3 400.

But when it comes to the bigger picture of socio-economic equity, a national minimum wage would only be one – and perhaps a minor – component of a broader social programme to reduce inequality, boost employment and grow the economy.

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You’ve been a refuge for the poor
14 June, 2016

Have your hearts on fire and your brains on ice. This was the message Emeritus Professor Francis Wilson left graduands with after he was conferred with an honorary doctorate at the morning ceremony on 14 June 2016.

Some 380 Commerce graduands were capped at the eighth ceremony of a bumper June graduation week and the audience was treated to an address by one of the stalwarts of their discipline. Wilson rose to the podium to share some of the insights he’d gained from a lifetime of studying, and fighting exploitative labour practices, poverty and inequality.

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