Riding on the cup: - Rhodes Journalism Review - Rhodes University

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The goal of the Centre for Economics Journalism in Africa (CEJA) is simple: To bring about continuous improvement of the media coverage of economics, business and development in Africa. The centre hopes to achieve this through: . research, . education and training, and . engagement with media, business, government and society. The centre bases all its actions on the vision of an inclusive journalism that aims to support the sustainable economic development of the continent within the context of democratic principles. Research into the financial news media underpins our teaching and engagement with a range of stakeholders. The centre’s teaching focuses mainly on working journalists, and running short courses for organisations is an important part of what we do. Topping the list of our educational initiatives, however, is the creation of a Post-Graduate Diploma in Economics Journalism. CEJA also administers donor-funded bursaries for post-graduate study. Visit our website: www.ceja.co.za to learn more about us.
The Global financial crisis. do The financial media share The blame? Journalists, particularly financial journalists, stand accused of helping bubbles develop by not being critical enough of their sources, and of not knowing enough to ask the right questions. But they were no more to blame for the crisis than anyone else involved in the markets. reG rUmney paGe 8 The financial press has always reflected and interpreted not mass opinion but the values and views of a narrow elite, including businessmen, economists and political agents. In this way, the financial media play a crucial role in spreading economic ideas and ideologies, setting the parameters of debate. roberT brand paGe 9 The ongoing global financial crisis has become a highly mediated event. The coverage of the crisis has given rise to the question about how media represents crises in general and financial crises in particular, and the extent to which the pattern of media ownership influences media representations of global crises. fackson banda paGe 10 One can argue that the mainstream media has been complicit in the global economic crisis. The media have been cheerleaders for unregulated finance. They have cheered and supported inflating financial assets market bubbles and have been shocked when those bubbles burst. seeraJ mohamed paGe 14 Blaming the media for the global financial crisis is rather like blaming the iceberg for sinking the Titanic. It ignores the role of Captain Edward Smith and the decisions he took ahead of the collision, the management of the Whitestar line and the arrogance of the ship’s designers who decreed it unsinkable. brUce WhiTfield paGe 15 There are certainly those who believe that the failings of the global financial systems were accompanied, even facilitated, by the failings of those tasked with reporting and analysing this sector for our mainstream media. Where was the watchdog? They are asking. anTon harber paGe 20 In South Africa the debate about the role of the media has been muted, partly because the South African media are, generally speaking, far less self-reflecting and critical than America’s, where the debate has been the most heated. caroline soUThey paGe 20
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