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African finance: Research and reform

thoroughly covered by other earlier researchers. Chapter headings like "Other environmental hazards" or "Other vital issues" signal similarly conscientious inclusiveness rather than original and fresh insights. One important topic which is almost wholly neglected, though, is black "mainstream" newspapers—that is the publications which are directed at a black readership under black editorial control. Of these, The Sowetan, is South Africa's most popular daily and it is now owned by a black company. It is mentioned only in passing by Jackson. The last three chapters predict the prospects for press freedom. In Jackson's view, positive indicators outweigh negative portents but the future of South African newspapers would be greatly enhanced by the development of a set of liberal-democratic journalistic principles. His ethical prescriptions are sensible enough, embodying a plausible compromise between social responsibility and developmental views of newspaper functions. Sensible compromises often make for humdrum reading, though, and here they turn what opens as an invigorating monograph into merely a useful textbook.