Suchergebnisse

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

How is one to understand the poor economic performance of the South African economy since the end of apartheid SEERAJ MOHAMED argues that the post-apartheid government chose to adopt neoliberal economic policies rather than taking on a developmental state role. These policies opened the way for the large dominant corporations to pursue high short-term returns through misallocating capital from productive sectors towards speculation and "lazy" rent-seeking activities. In the process they denuded, deindustrialised and financialised the economy. Still today, the South African government (supported by elites of large corporations) ignores the lessons of history and pursues damaging neoliberal economic policies that impose an unprecedented degree of suffering on the majority of South Africans.