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Daily podcast - October 5, 2009


5th October 2009

By: Bradley Dubbelman


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Monday, October 5, 2009
From Creamer Media in Johannesburg, I'm Bradley Dubbelman.
Making headlines:

The global economic crisis has reduced the role of migrant workers, but that is likely to change dramatically as developed countries face a shortfall in workers over the next four decades, a United Nation report says. Demand for migrants will return when economic revival is under way, offering huge administrative and recruitment cost savings for companies operating in rich countries, the United Nations Development Programme (UNDP) says. The report calls for restrictions to be lifted on the movement of migrant workers, particularly unskilled labourers, to allow them to transfer to other jobs when they become available. The UNDP also recommends that countries avoid protectionism, liberalise labour laws and stamp out xenophobia and the marginalisation of migrant workers.


African finance ministers have called for their countries to have a voice in the Group of 20 nations to ensure that the body considers their long-term development needs. Pledging to show fiscal prudence in the wake of the global financial crisis, they also call for more help from the International Monetary Fund and the World Bank to help shore up battered budgets, make needed investments and replenish foreign currency reserves. The African States, hard-hit as the crisis knocked down commodity prices and wiped out foreign investment, stress they have mobilised their domestic resources, and are looking to broaden income streams and boost revenue collection.

A consensus government will be hard to establish in Madagascar, the Island's Prime Minister, Monja Roindefo, says ahead of a meeting this week to revive power-sharing talks between the country's bitter rivals. Roindefo, seen as a hardliner, says that mediators should settle for a broad-based government including opposition members, rather than expecting the country's feuding political power brokers to reach a consensus on key posts. Political instability has convulsed the country, increasingly eyed by foreign investors for its oil and minerals, since early 2009, when opposition leader Andry Rajoelina, toppled President Marc Ravalomanana with the help of a dissident faction of the military.


Also making headlines:

Pope Benedict has denounced Western materialism, saying that it corrupts Africa. Former National police chief, Jackie Selebi, has pleaded not guilty to corruption charges in the High Court. And, President Jacob Zuma calls for the strengthening of the bonds between the tripartite alliance.That's a roundup of news making headlines today.




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