'Don't owe, won't pay!': a critical analysis of the Jubilee SA position on South African government debt

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dc.contributor.authorWalker, Richard
dc.contributor.authorNattrass, Nicoli
dc.date.accessioned2016-05-19T12:33:33Z
dc.date.available2016-05-19T12:33:33Z
dc.date.issued2002
dc.date.updated2016-05-19T12:32:07Z
dc.description.abstractJubilee 2000 (SA) supports the cancellation of South African national government (and other) debt on the grounds that it is odious debt from the apartheid years. The organisation has called for foreign creditors to cancel the debt voluntarily and has threatened to call for debt repudiation if such cancellation is not forthcoming. However, unlike voluntary debt cancellation, debt repudiation would probably have serious consequences for investment and growth. Furthermore, as most government debt has accumulated after the end of apartheid, and as most is domestic and marketable, the moral argument for repudiation is problematic. Jubilee 2000 (SA) is also calling for the government pension scheme (which owns a large proportion of the domestic government debt) to be restructured. Contributions to the pension fund may be excessive (as argued by Jubilee 2000), but the case is not clear. South Africa should publish a dual set of accounts in line with how other countries report their liabilities so as not to overstate the deficit in the eyes of investors.en_ZA
dc.identifierhttp://dx.doi.org/10.1080/0376835022000019446
dc.identifier.apacitationWalker, R., & Nattrass, N. (2002). 'Don't owe, won't pay!': a critical analysis of the Jubilee SA position on South African government debt. <i>Development Southern Africa</i>, http://hdl.handle.net/11427/19720en_ZA
dc.identifier.chicagocitationWalker, Richard, and Nicoli Nattrass "'Don't owe, won't pay!': a critical analysis of the Jubilee SA position on South African government debt." <i>Development Southern Africa</i> (2002) http://hdl.handle.net/11427/19720en_ZA
dc.identifier.citationWalker, R., & Nattrass, N. (2002). 'Don't owe, won't pay!': A critical analysis of the Jubilee SA position on South African government debt. Development Southern Africa, 19(4), 467-481.en_ZA
dc.identifier.issn0376-835Xen_ZA
dc.identifier.ris TY - Journal Article AU - Walker, Richard AU - Nattrass, Nicoli AB - Jubilee 2000 (SA) supports the cancellation of South African national government (and other) debt on the grounds that it is odious debt from the apartheid years. The organisation has called for foreign creditors to cancel the debt voluntarily and has threatened to call for debt repudiation if such cancellation is not forthcoming. However, unlike voluntary debt cancellation, debt repudiation would probably have serious consequences for investment and growth. Furthermore, as most government debt has accumulated after the end of apartheid, and as most is domestic and marketable, the moral argument for repudiation is problematic. Jubilee 2000 (SA) is also calling for the government pension scheme (which owns a large proportion of the domestic government debt) to be restructured. Contributions to the pension fund may be excessive (as argued by Jubilee 2000), but the case is not clear. South Africa should publish a dual set of accounts in line with how other countries report their liabilities so as not to overstate the deficit in the eyes of investors. DA - 2002 DB - OpenUCT DP - University of Cape Town J1 - Development Southern Africa LK - https://open.uct.ac.za PB - University of Cape Town PY - 2002 SM - 0376-835X T1 - 'Don't owe, won't pay!': a critical analysis of the Jubilee SA position on South African government debt TI - 'Don't owe, won't pay!': a critical analysis of the Jubilee SA position on South African government debt UR - http://hdl.handle.net/11427/19720 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/19720
dc.identifier.urihttp://www.tandfonline.com/doi/abs/10.1080/0376835022000019446
dc.identifier.vancouvercitationWalker R, Nattrass N. 'Don't owe, won't pay!': a critical analysis of the Jubilee SA position on South African government debt. Development Southern Africa. 2002; http://hdl.handle.net/11427/19720.en_ZA
dc.languageengen_ZA
dc.publisherTaylor & Francisen_ZA
dc.publisher.departmentCentre for Social Science Research(CSSR)en_ZA
dc.publisher.facultyFaculty of Humanitiesen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.sourceDevelopment Southern Africaen_ZA
dc.source.urihttp://www.tandfonline.com/toc/cdsa20/current
dc.title'Don't owe, won't pay!': a critical analysis of the Jubilee SA position on South African government debten_ZA
dc.typeJournal Articleen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceArticleen_ZA
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