The evolving structure of South Africa's economy: faultlines and futures

Abstract

South Africa still faces low economic growth and high unemployment, coupled with the persistent challenges of poverty and inequality. These exert pressure on South Africa to foster structural transformation that will facilitate a more inclusive and resilient economy. The book details the structural reforms and policy regimes necessary for increasing productive capacity in South Africa's agriculture, manufacturing, agro-processing. retail and services, energy and mining industries. It also reflects on the role that micro- and informal enterprises can play if afforded the necessary support. The technical details and analyses in the book highlight the need for a radical review of macroeconomic policy to reduce the country's chronic vulnerability to poverty and inequality