The African National Congress (ANC) is holding its 54th National conference - at the Nasrec Expo Centre near Gold Reef City from 16 to 20 December - more divided than ever before. Tottering on the brink, the party has never been in such a lamentable state, not even in the days of the underground and in exile.

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.

The announcement on Wednesday of more than 3000 job cuts at Sibanye Gold represents a clear attack against the South African working-class. Sibanye announced 2,025 ‘retrenchments’ and 1,350 ‘voluntary redundancies’, i.e, 3,375 job cuts at its Cooke mines in Gauteng and Beatrix West operations in the Free State.

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