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The Oxford Companion to the Economics of South Africa

Haroon Bhorat, Alan Hirsch, Ravi Kanbur, and Mthuli Ncube

Abstract

In 1994 South Africa saw the end of Apartheid. The new era of political freedom was seen as the foundation for economic prosperity and inclusion. The last two decades have seen mixed results. Economic growth has been volatile. While inequalities in public services have been reduced, income inequality has increased, and poverty has remained stagnant. As the twentieth anniversary of the transition to democracy approaches in 2014, the economic policy debates in South Africa are in full flow. They combine a stock taking of the various programmes of the last two decades with a forward-looking discu ... More

Keywords: South Africa, apartheid, economic growth, global economy, economic policy, democracy, strategy

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780199689248
Published to Oxford Scholarship Online: March 2015 DOI:10.1093/acprof:oso/9780199689248.001.0001

Authors

Affiliations are at time of print publication.

Haroon Bhorat, editor
School of Economics, University of Cape Town

Alan Hirsch, editor
Graduate School of Development Policy and Practice, University of Cape Town

Ravi Kanbur, editor
Cornell University

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Contents

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Economic policy in South Africa—past, present and future

Haroon Bhorat, Alan Hirsch, Ravi Kanbur and Mthuli Ncube

Part 1 The Economics of Post-Apartheid South Africa

5 The political economy of restructuring in South Africa

Sam Ashman, Ben Fine, Vishnu Padayachee and John Sender

7 Data issues in South Africa

Martin Wittenberg

Part 2 South Africa and the World Economy

Part 3 Macroeconomics and Fiscal Policy

15 Inflation in South Africa

Janine Aron and John Muellbauer

Part 4 Finance, Industry and Infrastructure

18 Capital markets

Shakill Hassan

23 Investment climate

Neil Rankin

27 Electricity supply

Anton Eberhard

Part 5 Labour and Employment

29 Unemployment in South Africa

Cecil Mlatsheni and Murray Leibbrandt

31 Labour law

Paul Benjamin

Part 6 Poverty and Inequality in South Africa

37 Post-apartheid poverty and inequality trends

Arden Finn, Murray Leibbrandt and Vimal Ranchhod

39 Gender inequality

Dorrit Posel

Part 7 Post-Apartheid Social Policy

40 Origins, trends and debates in black economic empowerment

Claudia Manning, With Assistance From Nokuzola Jenness

41 Health challenges past and future

Cally Ardington and, Anne Case

43 Child development

Chris Desmond and Linda Richter

44 Education in South Africa since 1994

David Lam and, Nicola Branson

45 Social safety nets

Katharine Hall and Ingrid Woolard

47 Urbanization

Ivan Turok

Part 8 Land, Agriculture and Environment

End Matter