Winnie Mandela, activist ex-wife of Nelson Mandela, dies

Agencies
April 3, 2018

Johannesburg, Apr 3: Winnie Mandela, the former wife of South African anti-apartheid icon Nelson Mandela, died on Monday aged 81, triggering an outpouring of tributes to one of the country's defining and most divisive figures.

The firebrand activist died in a Johannesburg hospital, her family said, adding that she had "fought valiantly against the Apartheid state" and that she was known "far and wide as the Mother of the Nation".

Winnie Mandela, who was married to Nelson Mandela for 38 years, played a high-profile role in the struggle to end white-minority rule, but her place in history was stained by controversy and accusations of violence.

Leading the tributes, Nobel laureate archbishop Desmond Tutu described her as "a defining symbol" of the battle against oppression.

"She refused to be bowed by the imprisonment of her husband, the perpetual harassment of her family by security forces, detentions, bannings and banishment," Tutu said.

"Her courageous defiance was deeply inspirational to me, and to generations of activists."

The statement from her family said that she passed away at the Netcare Milpark hospital in Johannesburg.

"She died after a long illness, for which she had been in and out of hospital since the start of the year. She succumbed peacefully in the early hours of Monday afternoon surrounded by her family and loved ones," it added.

In the ruling African National Congress (ANC), head of policy Jeff Radebe described her as "an icon of the revolutionary struggle".

Newly-appointed President Cyril Ramaphosa announced Tuesday evening that a "national official funeral" would be held on April 14, preceded by a public memorial service on April 11.

Most of Winnie's marriage to Nelson was spent apart, with Nelson imprisoned for 27 years, leaving her to raise their two daughters alone and to keep alive his political dream under the repressive white-minority regime.

But her reputation came under damaging scrutiny in the twilight years of apartheid rule.

In 1986, she was widely linked to "necklacing", when suspected traitors were burnt alive by a petrol-soaked car tyre being put over their head and set alight.

In 1990 the world watched when Nelson Mandela finally walked out of prison -- hand in hand with Winnie.

The following year, she was convicted of kidnapping and assault over the killing of Stompie Moeketsi, a 14-year-old boy.

In 1992, the Mandelas separated, and then divorced in 1996, after a legal wrangle that revealed she had an affair with a young bodyguard.

During her old age, she re-emerged as a respected elder who was feted as a living reminder of the late Mandela -- and of the long and much-storied struggle against apartheid.

Just last month, she was shown in television footage joking with Ramaphosa, who paid a courtesy call to her home in Soweto, the township where she lived for decades.

Dressed in full ANC colours of yellow, black and green, she asked Ramaphosa, who is known for his morning runs, "Why don't you get tired?"

"We can't get tired when you have given us work to do'" he told her.

After her death was announced, Ramaphosa described her as "a voice of defiance and resistance" who "was an abiding symbol of the desire of our people to be free".

"For many years, she bore the brunt of senseless brutality of the apartheid state with stoicism," he said.

"Despite the hardship she faced, she never doubted that the struggle for freedom and democracy would triumph and succeed."

Winnie Mandela often criticised the ANC, but she had expressed support for the current leadership of the party, which her husband led to power in the euphoric post-apartheid elections of 1994.

On Monday evening, Ramaphosa returned to her Soweto house as mourners gathered outside, singing struggle-era songs in tribute and praise.

"In African culture, we sing when we're hurt," ANC Women's League official Winnie Ngwenya, 64, told AFP.

African Commission chairman Moussa Faki Mahamat also paid tribute to Winnie Mandela, saying "the continent and beyond" were in grief at her passing.

She "will forever be remembered as a global icon, a fearless campaigner who sacrificed much of her life for freedom in South Africa and for women everywhere," he said on Twitter.

The SABC state broadcaster said she had attended church in Soweto on Easter Friday before being admitted to hospital complaining of flu. She had also suffered from diabetes for some years.

Suggestions that Winnie remained extremely close to Nelson Mandela in his final years were fuelled in a recent book by his doctor.

Vejay Ramlakan wrote that Winnie -- not Mandela's widow Graca Machel -- was with Mandela when he died in 2013. The book was withdrawn by its publishers under pressure from Mandela's family.

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News Network
March 21,2020

Rome, Mar 21: Italy on Friday reported a record 627 new deaths from the novel coronavirus, taking its overall toll past 4,000 as the pandemic gathered pace despite government efforts to halt its spread.

The total number of deaths was 4,032, with the number of infections reaching 47,021.

Italy's previous one-day record death toll was 475 on Wednesday.

The nation of 60 million now accounts for 36.6 percent of the world's coronavirus deaths.

Italy has seen more than 1,500 deaths from COVID-19 in the past three days alone.

Its current daily death rate is higher than that officially reported by China at the peak of its outbreak around Wuhan's Hubei province.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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Agencies
July 1,2020

The ILO has warned that if another Covid-19 wave hits in the second half of 2020, there would be global working-hour loss of 11.9 percent - equivalent to the loss of 340 million full-time jobs.

According to the 5th edition of International Labour Organisation (ILO) Monitor: Covid-19 and the world of work, the recovery in the global labour market for the rest of the year will be uncertain and incomplete.

The report said that there was a 14 percent drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs.

The number of working hours lost across the world in the first half of 2020 was significantly worse than previously estimated. The highly uncertain recovery in the second half of the year will not be enough to go back to pre-pandemic levels even in the best scenario, the agency warned.

The baseline model – which assumes a rebound in economic activity in line with existing forecasts, the lifting of workplace restrictions and a recovery in consumption and investment – projects a decrease in working hours of 4.9 percent (equivalent to 140 million full-time jobs) compared to last quarter of 2019.

It says that in the pessimistic scenario, the situation in the second half of 2020 would remain almost as challenging as in the second quarter.

“Even if one assumes better-tailored policy responses – thanks to the lessons learned throughout the first half of the year – there would still be a global working-hour loss of 11.9 per cent at the end of 2020, or 340 million full-time jobs, relative to the fourth quarter of 2019,” it said.

The pessimistic scenario assumes a second pandemic wave and the return of restrictions that would significantly slow recovery. The optimistic scenario assumes that workers’ activities resume quickly, significantly boosting aggregate demand and job creation. With this exceptionally fast recovery, the global loss of working hours would fall to 1.2 per cent (34 million full-time jobs).

The agency said that under the three possible scenarios for recovery in the next six months, “none” sees the global job situation in better shape than it was before lockdown measures began.

“This is why we talk of an uncertain but incomplete recovery even in the best of scenarios for the second half of this year. So there is not going to be a simple or quick recovery,” ILO Director-General Guy Ryder said.

The new figures reflect the worsening situation in many regions over the past weeks, especially in developing economies. Regionally, working time losses for the second quarter were: Americas (18.3 percent), Europe and Central Asia (13.9 percent), Asia and the Pacific (13.5 percent), Arab States (13.2 percent), and Africa (12.1 percent).

The vast majority of the world’s workers (93 per cent) continue to live in countries with some sort of workplace closures, with the Americas experiencing the greatest restrictions.

During the first quarter of the year, an estimated 5.4 percent of global working hours (equivalent to 155 million full-time jobs) were lost relative to the fourth quarter of 2019. Working- hour losses for the second quarter of 2020 relative to the last quarter of 2019 are estimated to reach 14 per cent worldwide (equivalent to 400 million full-time jobs), with the largest reduction (18.3 per cent) occurring in the Americas.

The ILO Monitor also found that women workers have been disproportionately affected by the pandemic, creating a risk that some of the modest progress on gender equality made in recent decades will be lost, and that work-related gender inequality will be exacerbated.

The severe impact of Covid-19 on women workers relates to their over-representation in some of the economic sectors worst affected by the crisis, such as accommodation, food, sales and manufacturing.

Globally, almost 510 million or 40 percent of all employed women work in the four most affected sectors, compared to 36.6 percent of men, it said.

The report said that women also dominate in the domestic work and health and social care work sectors, where they are at greater risk of losing their income and of infection and transmission and are also less likely to have social protection.

The pre-pandemic unequal distribution of unpaid care work has also worsened during the crisis, exacerbated by the closure of schools and care services.

Even as countries have adopted policy measures with unprecedented speed and scope, the ILO Monitor highlights some key challenges ahead, including finding the right balance and sequencing of health, economic and social and policy interventions to produce optimal sustainable labour market outcomes; implementing and sustaining policy interventions at the necessary scale when resources are likely to be increasingly constrained and protecting and promoting the conditions of vulnerable, disadvantaged and hard-hit groups to make labour markets fairer and more equitable.

“The decisions we adopt now will echo in the years to come and beyond 2030. Although countries are at different stages of the pandemic and a lot has been done, we need to redouble our efforts if we want to come out of this crisis in a better shape than when it started,” Ryder said. 

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