Tag Archives: South African economy

Tackle inequality vigorously to reduce racism and other social pathologies

A unique characteristic of South Africa as a society is the racialised structural inequality and unemployment inherited from the apartheid period. It was an intended and planned outcome of a warped strategy and a set of policy positions designed and rigorously implemented to achieve it. In a very weird way the outcome was hugely successful…

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A ‘good story’ to tell – for some

I must admit, the ANC’s election moniker (you know, that it has a “good story” to tell) makes me very angry – probably much more than it should. In the wake of Nelson Mandela’s death, and the feeling that we’ll never again experience such collective unity or progress as a nation, the ANC’s election spin…

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Capitalism or socialism? We have no choice

It is not surprising that South Africans have trouble thinking straight. The poor live in a state of anxiety and insecurity, while high crime rates have led to a fortress mentality among the rich. Fear and anger permeate our opinions and shape our politics. The haves persist in the shadow of Zimbabwe’s ruin; the have-nots endure,…

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The purchasing managers’ index: way more interesting than the Oscars

Last week’s post looked at a measurement of fear in the financial market. This week we’ll turn our attention to a broader measure of future economic prospects, the purchasing managers’ index (PMI). During its heydays in the 1960s, manufacturing accounted for a quarter of South Africa’s gross domestic product (GDP). The sector has since declined,…

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