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An Employment-targeted Economic Program for South Africa

Author: Robert Pollin

Publisher: Edward Elgar Publishing

Published: 2007-02-23

Total Pages: 248

ISBN-13: 9781782543855

'Investment in South Africa is low, real interest rates are high, the employment-intensity of growth has been relatively slow. The "employment-targeted program" advocated in this book seeks to reverse these tendencies by lowering average interest rates and channeling subsidized credit to labor-intensive, pro-poor activities, particularly small-scale agriculture and small and medium-sized enterprises. This is a bold program and by challenging conventional "inflation-targeted" economic policy, the book makes a major contribution to the debate on economic policy in South Africa.' - Keith B. Griffin, University of California-Riverside, US The people of South Africa, and the African National Congress-led government, have made extraordinary social and economic advances since ending apartheid and beginning the transition to democracy in 1994. But the country still faces severe problems of mass unemployment, underemployment and poverty. This study, sponsored by the United Nations Development Program, presents a detailed economic program designed to produce major reductions in unemployment and poverty, and a general spreading of economic well-being, and to achieve these ends in a manner that is sustainable over a longer-term framework.

An Employment-targeted Economic Program for South Africa

Author:

Publisher:

Published: 2006

Total Pages: 0

ISBN-13:

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Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa

Author: Nombulelo Gumata

Publisher: Springer Nature

Published: 2020-01-03

Total Pages: 687

ISBN-13: 3030308847

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The overarching goal of South Africa’s National Development Plan (NDP) is to eliminate poverty, reduce inequality, lower unemployment and increase the labour participation.This book contributes to academic and policy efforts to achieve these NDP goals. We establish that the coal, metal ores and the platinum group commodity sectors will underpin the mining as a “sunrise” industry. The export-led growth strategy is necessary for intensive employment creation but must be complemented by other micro, macroeconomic and industrial policies. A strategy of minerals beneficiation is important for intensive employment creation. Accelerated land reform is a supply side or structural reform policy intervention tool aimed at increasing potential output, changing ownership patterns in the economy, increasing entrepreneurship, labour absorption, economic inclusion and lowering income inequality. Evidence shows that the balance sheet channel, commodity price booms and busts are intricately linked with the exchange rate dynamics, policy uncertainty, confidence and the effects of droughts (also symptoms of climate change). Productivity and investment growth shocks matter for output, employment and price stability. Evidence indicates that nominal GDP growth above 10 percent and keeping inflation within the target band leads to significant increase in employment and decline in unemployment, without inflationary pressures, especially when inflation is below 4.5 percent. To operationalise the NDP targets, align and co-ordinate policies, the South African Reserve Bank (SARB) mandate can be expanded to include maximum employment. This must be complemented by lowering the inflation target band, adjusting the financial regulatory, macro-prudential and monetary policy frameworks. This will enhance the conduct and credibility of monetary and financial stability policies to achieve the set objectives. These objectives make policy co-ordination pertinent and binding.

Finding Work

Author: Percy Moleke

Publisher: HSRC Press

Published: 2006

Total Pages: 60

ISBN-13: 9780796921055

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Complementing existing labour-market research on graduates, this study provides qualitative and quantitative data relating to graduates, experiences in the labour market. The data presented here offers a clear picture of graduate employment and includes the time it takes graduates to find employment, the factors that influence employability, the types of jobs they find, their perceptions of the relation of the level of jobs they found to their qualifications and to the sectors of employment. The report also looks at graduate unemployment, the period of unemployment and the reasons for unemployment. It reports on mobility in the South African labour market and what influences such mobility, and reviews the extent to which graduates move abroad and the reasons for deciding to move. It further investigates why the graduates surveyed chose to continue studying after obtaining their first degrees and reports on graduates? perceptions of the skills they acquired through higher education. For planners and employers, the report will inform long-term strategies aimed at developing an effective and appropriately trained workforce for South Africa. Prospective and current students will find the report?s in-depth information on the way in which the graduate labour market works both useful and relevant.

Towards Employment-Intensive Growth in South Africa

Author: Anthony Black

Publisher: Juta and Company (Pty) Ltd

Published: 2016-07-01

Total Pages: 397

ISBN-13: 1775820076

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South Africa’s high rate of unemployment (26.4%) makes it a complete outlier compared with other middle-income countries. Indeed, the unemployment rate rises to 36% if discouraged workers are taken into account. It underpins extreme poverty and inequality and is a major contributor to social dislocation. If it were not for increased social payments, poverty would have continued to increase since the advent of democracy in 1994. Unemployment also represents a huge cost to growth. This book focuses on the growth path of the economy. The starting point is that while more rapid economic expansion is an important objective, at any given level of growth, the economy as a whole needs to become more labour-absorbing. The central question posed is how to bring about changes in the economic structure and pattern of development, which would lead to the attainment of this objective. The authors argue that employment needs to be much more centrally positioned within the economic and social policy arena. They emphasise innovative approaches within a broader focus on the growth path, and employment-intensive growth. And they posit that the negative impact of previous ‘distortions’ requires much more than a levelling of the playing field via market-based reforms. Apart from presenting an alternative growth path which could start to shift the economy in new directions, the book tackles themes which have received only limited attention, such as wage subsidies, youth unemployment and employment growth in rural areas.

The Oxford Companion to the Economics of South Africa

Author: Haroon Bhorat

Publisher: OUP Oxford

Published: 2014-11-27

Total Pages: 457

ISBN-13: 0191003417

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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 stocktake of the various programs of the last two decades with a forward looking discussion of strategy in the face of an ever open but volatile global economy. Underlying the discourse are basic and often unresolved differences on an appropriate strategy for an economy like South Africa, with a strong natural resource base but with deeply entrenched inherited inequalities, especially across race. This volume contributes to the policy and analytical debate by pulling together perspectives on a range of issues: micro, macro, sectoral, country wide and global, from leading economists working on South Africa. Other than the requirement that it be analytical and not polemical, the contributors were given freedom to put forward their particular perspective on their topic. The economists invited are from within South Africa and from outside; from academia and the policy world; from international and national level economic policy agencies. The contributors include recognized world leaders in South African economic analysis, as well as the very best of the younger crop of economists who are working on the study of South Africa, the next generation of leaders in thought and policy.

Good Jobs, Bad Jobs, No Jobs

Author: Tony Avirgan

Publisher:

Published: 2005

Total Pages: 524

ISBN-13:

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South Africa milestones to achieving the sustainable development goals on poverty and hunger

Author: Fofana, Ismaël

Publisher: Intl Food Policy Res Inst

Published:

Total Pages: 21

ISBN-13:

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South Africa has signed the Sustainable Development Goals (SDGs) and placed poverty and inequality reduction at the forefront of its National Development Plan. This study links a nonparametric income distribution (micro) simulation model and an economywide general equilibrium (macro) model to define the milestones South Africa must meet to halve poverty and end hunger by 2030 as targeted by the SDGs. The current economic growth of 2.0 percent on average annually must be accelerated to 4.5 percent between 2015 and 2030 to achieve the SDGs on poverty and hunger. Although an income growth strategy is important to reduce hunger, an income redistribution strategy of expanding social assistance to cover 10 percent of the population—that is, nearly 7 million persons—appears to be a key to ending hunger by 2030. Rural areas should be targeted for intervention to reduce income inequality. Skilled and high-skilled labor markets offer better employment and earning opportunities in these geographic areas than do the markets for other skill levels. Thus, skill development programs in these areas are likely to contribute to meeting the SDGs on poverty and hunger by 2030.

Skills Shortages in South Africa

Author: Johan Erasmus

Publisher: HSRC Publishers

Published: 2009

Total Pages: 0

ISBN-13: 9780796922663

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Skills shortages in South Africa are widely seen as a major obstacle to the achievement of targeted economic growth rates. Yet there is some dispute as to the nature and extent of these shortages, given the large number of unemployed graduates. The case studies presented here explore the question of shortage in nine key professions and artisanal trades, and find evidence of skills scarcity in most fields. The case studies provide insight into the reasons for shortages and surpluses in relation to South Africa's own context and history. They also consider the international market for knowledge and skills, in which South African qualifications are highly prized. The monograph emanates from a study on sector specific research and related skills requirements commissioned by the South African Department of Labour in 2006. It formed part of a wider research project on scarce and critical skills related to the National Skills Development Strategy and the National Industrial Policy Framework of 2007, for which the Human Siences Research Council led a research consortium comprising the Development Policy Research Unit at the University of Cape Town and the Sociology of Work Unit at the University of the Witwatersrand.