Tag Archives: economic growth

South Africa’s policy choices unwittingly reinforce poverty

Statistician general Pali Lehohla has reminded us, yet again, that our stubborn and rising structural unemployment demonstrates that economic growth is still elusive and that our growth strategies are not delivering the intended outcomes. He also observes that the level of foreign and domestic investment is too low to create new businesses and jobs. The…

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Our fragile economy demands leadership with strategic foresight

Economic prosperity for any nation is not an outcome achieved on the basis of one policy focus and strategy. It is a result of a carefully chosen and managed set of development drivers and priorities in a complex system with a causal network of linkages that must work together to deliver the economic growth and…

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Tshwane violence was predicted, now how to fix it

In 2013 we wrote that by 2016 there would be “pockets of political violence”, accompanied by “economic gangsterism … looting and vandalism of private property” in South Africa. We argued that “foreign direct investment will stall”, inflation will rise sharply, the “EFF thrive” and that xenophobia, racism and tribalism would surface. Sound familiar? We arrived…

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Debunking economic myths about African growth

By Zukiswa Mqolomba Recent reports on Africa’s development have been characterized by high levels of optimism. This trend is totally different from previous commentary, which was riddled with pessimistic accounts about the future of the continent. Development agencies cite the rapid economic growth of some African countries as a sign of economic development. Seven of…

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Two ways to curb South Africa’s jobs crisis

By Zukiswa Mqolomba South Africa is currently facing a job crisis of epic proportions. The change in unemployment numbers masks even sharper deterioration in the labour market. Firstly, it masks the increase in the number of “discouraged work seekers” as individuals have given up hope of finding work. Secondly it masks the exponential increase in…

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A reply to Saunderson-Meyer’s ‘Zuma does semantic yoga’ blog

By Bongani Majola William Saunderson-Meyer has written a shockingly condescending Thought Leader piece with racist undertones entitled “The intellectually supple Mr Zuma does some semantic yoga”. Saunderson-Meyer claims that President Jacob Zuma’s speeches are illogical and do not make sense. In a shocking feat of cultural arrogance he suggests that President Zuma’s speeches reflect a…

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The intellectually supple Mr Zuma does some semantic yoga

It is sometimes difficult to follow President Jacob Zuma’s explanations of events. His utterances can be so convoluted that the thread of logic is all but invisible. Or else they are patently contradictory. At other times he makes plainly incorrect assertions that are never retracted. So they lie there, littering his political reputation like discarded…

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Forget ‘developing’ poor countries. It’s time to ‘de-develop’ rich countries

Heads of state recently gathered in New York to sign the UN’s new sustainable development goals (SDGs). The main objective is to eradicate poverty by 2030. Beyoncé, One Direction and Malala are on board. It’s set to be a monumental international celebration. Given all the fanfare, one might think the SDGs are about to offer…

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Labour-intensive growth strategies key to reduce unemployment

It is generally accepted that unemployment at current levels of about 25% (using the narrow rate) is the most critical and pressing of our socio-economic challenges as it directly impacts how successfully we can reduce poverty and inequality. The problem assumes crisis proportions if we consider that the broader unemployment rate sits at about 43%…

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#KnowYourDA BEE pushes nothing new

I was snooping around the archives of the South African Institute of Race Relations during a visit earlier this year, particularly drawn to the boxes on the constitutional negotiations. One of these contained, among other things, the ANC’s position on a constitution for what would later become KwaZulu-Natal, academic and political discussions on federalism, and…

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