critical
perspectives
on
Southern
Africa
               '.it-
          if:-


EDITORS
Bill Freund, Gerhard Mare\ Mike Morris, Vishnu Padayachee
ASSOCIATE EDITORS:
Stephen Gelb (Univ. Durban-Westville); Pete Hudson; Alan Mabin (Univ.
Witwatersrand); David Kaplan, Alan Hirsch (Univ. Cape Town); Colin
Bundy (Univ. Western Cape); Robert Davies (Univ. Eduardo Mondlane);
Gavin Williams (Univ. Oxford); Dan O'Meara (Univ. of Quebec, Montreal);
John Saul (York University)
Layout by Vijay Makanjee
PUBLICATION GUIDELINES:
We ask contributors to submit two (2) typed copies, following the format (on
such issues as references and notes) of articles in this issue of
TRANSFORMATION. Whilst the journal will cater for work at any level of
abstraction, or detail, a number of criteria will guide the editors in selection of
material for inclusion. Articles should aim for academic rigour but also clarify
the political implications of the issues discussed. We are concerned not to
compete with other South African journals that may cover related ground but
 in different ways — this will govern our selection principles. All articles will
 be assessed anonymously by referees. Contributions should preferably not
 exceed the following lengths:
 Analytical articles: 7 000 words
 Debates and review articles: 3 000 words
 The views expressed in TRANSFORMATION do not necessarily reflect
 those of the editors.
  EDITORIAL AND CONTRIBUTIONS ADDRESS:
  TRANSFORMATION,
  c/o Economic History Department,
  University of Natal,
  King George V Ave,
  4001 Durban,
  South Africa.
  Subscriptions rates and address at the back of this issue.


TRANS
 FORM
Contents
Articles
ANOTHER KIND OF WAR:                                                   l
Strategies For Transition In The Era Of Negotiation
       Negotiations are not, it is argued by MARK PHILLIPS and
       COLIN COLEMAN, a subject that can be rejected or
       shelved by activists and organisations in South Africa, they
       must be confronted as a new context for debate and struggle.
THE ORIGINS AND IMPLICATIONS OF SOUTH                                ~1
AFRICA'S CONTINUING FINANCIAL CRISIS
       This article like the last, acknowledges that movement in the
      South African political process has to an important extent
      shifted to the international arena. ALAN HIRSCH explains
      the history and meaning of South Africa's debt crisis.
CO-OPERATIVES AND SOCIALISM
Some perspectives on co-operative management                         * *•
      ROGER ETKIND explored from a classic theoretical
      Marxist position, combined with rich examples from practical
      experience, the possibilities and pitfalls of producer
      co-operatives and their relevance to a process of
      transformation.


POST-WAR PROFITABILITY IN SOUTH AFRICA:
A Critique of Regulation Analysis in South Africa                66
      Reconsidering the evidence for an economic crisis in South
      Africa over the past twenty years, NICOLI NATTRASS
      suggests a revisionist perspective.
Review Article:
      Zimbabwe: Politics, Economics and Society & An Economic    81
      and Social History of Zimbabwe 1890-1948 by JULIAN
       COBBING
 Tribute to DAVID WEBSTER by Eddie Webster                        89