Confronting Inequality: The South African Crisis

South Africa’s distorted distribution of wealth is one of the biggest challenges facing the country’s economy, with unemployment sitting at an unsustainable 27.7%. In terms of wealth, the top percentile households hold 70.9% while the bottom 60% holds a mere 7%. 76% of South Africans face an imminent threat of falling below the poverty line.... Continue Reading →

Advertisements

Dualism in South Africa’s Economy

A number of recent speeches by President Thabo Mbeki have highlighted the important reality of “dualism” in the South African political economy.  Among other things, the contributions by the President have pointed to the fact that our people inhabit distinct socio-economic worlds, and that there is no logic or dynamic in terms of which growth... Continue Reading →

Blog at WordPress.com.

Up ↑