Posted inEqualityGeneral

South Africa’s policy choices unwittingly reinforce poverty

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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 […]

Posted inEqualityGeneralNews/Politics

Selfless leadership could fix South Africa

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The #FeesMustFall movement is a dress rehearsal for the revolution South Africa will face unless we fix our socio-economic conundrum of inequality, poverty and unemployment. This will require leadership! It will require “bridge builders” who are not beholden to vested interests and can lead for the common good. It will require technical skill to empower […]

Posted inBusinessGeneral

Tackle inequality vigorously to reduce racism and other social pathologies

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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 […]

Posted inBusinessGeneralNews/Politics

Two ways to curb South Africa’s jobs crisis

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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 […]

Posted inBusinessEqualityNews/Politics

So what is income inequality? How is it measured?

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Income inequality in Africa is wide and persistent, particularly in South Africa. Will the country’s proposed national minimum wage lessen it? South Africa suffers from a large income gap between rich and poor. A 2013 survey by the Organisation for Economic Co-operation and Development suggested that “no progress towards income equality has been made since […]

Posted inBusinessNews/Politics

Labour-intensive growth strategies key to reduce unemployment

No. of comments: 4

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% […]

Posted inBusinessGeneralNews/Politics

Is it time to nationalise the Reserve Bank?

No. of comments: 15

Every time the Monetary Policy Committee announces interest rate cuts, unions and some sectors of the population immediately jump up calling for the “nationalisation” of the Reserve Bank. One wonders if they do actually have a point. The recent appointment of Lesetja Kganyago as the Reserve Bank governor-designate has re-ignited the debate. During my studies […]