The Best of John Robbie

BRICS REPORT – Brazil


For the world's worst-performing economies, no good will come from New Year's resolutions to do better. For many, 2016 will only bring more disappointment, say economists surveyed by Bloomberg. Oil-rich Venezuela will contract by 3.3 percent this year, the worst forecast of any of the 93 countries in the analysis, followed by junk-rated Brazil, debt-laden Greece and commodities-ravaged Russia.    In the space of just two days three former Brazilian presidents have been dragged into the investigation into a huge kickback scheme in the state-run oil firm Petrobras. According to informer Nestor Cerveró, the government of Fernando Henrique Cardoso, bitter adversary of President Dilma Rousseff, received “a US$100-million bribe” to get Petrobras to purchase of private Argentine oil company Perez Companc. But with the country stuck in a deep recession, unemployment and inflation rising, and President Dilma Rousseff’s government mired in the biggest corruption scandal in the country’s history, Brazilians are in no mood to party.  

City of Joburg on Jozi@Work contractual issues

City of Joburg on Jozi@Work contractual issues

6 January 2017 11:04 AM

Post Office responds to outrage over changes at Joburg International Mail Centre

Post Office responds to outrage over changes at Joburg International Mail Centre

6 January 2017 11:02 AM

Matric maths results are mediocre

Matric maths results are mediocre

5 January 2017 9:29 AM

Group copying allegations ahead of 2017 matric results

Group copying allegations ahead of 2017 matric results

4 January 2017 9:58 AM

ANC not chuffed with Msimanga's visit to Taipei

ANC not chuffed with Msimanga's visit to Taipei

3 January 2017 8:13 AM

The A list

The A list

30 December 2016 10:19 AM

Reflections on sterling IEB matric results

Reflections on sterling IEB matric results

30 December 2016 10:07 AM

Prank calls to Gauteng 10111

Prank calls to Gauteng 10111

30 December 2016 8:21 AM

The state of SA’s water levels

The state of SA’s water levels

29 December 2016 10:29 AM

Bottle2Build tackles SA's shortage of classrooms

Bottle2Build tackles SA's shortage of classrooms

29 December 2016 9:11 AM