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The debate around the privatisation of state owned assets has focused around economic efficiency gains and regulation. Very few studies have considered the fiscal impact of privatisation on the tax-payers. Even the few empirical studies conducted were done in industrialised countries where institutions and markets are well developed. This paper…

  • Year 2003
  • Author(s) Simangele Sekgobela
  • Countries and Regions South Africa
Under Government's GEAR policy, high levels of expenditure on social services (i.e. Social Development, Health, Education and Housing), failed to bring about a reduction in poverty and unemployment. The Government, in particular the National Treasury, blamed this outcome on the inefficiency in the delivery of social services. The "Left", especially…

  • Year 2003
  • Author(s) Albert Van Zyl; Carlene Van Der Westhuisen
  • Countries and Regions South Africa
The aim of this paper is to investigate the empirical relationship between productivity, real wages and unemployment in South Africa using appropriate time series econometric techniques. The value of this approach is that it imposes no a priori theoretical assumptions on the relations between the variables, but rather allows the…

  • Year 2003
  • Author(s) Jeremy Wakeford
  • Countries and Regions South Africa
Mainstream economics and the Washington Consensus caution against industrial policies that target sectors, firms and regions. At the most they favour cross-sectoral policies which address generalised market failures. This paper analyses the success of an industry-specific policy, South Africa's Motor Industry Development Programme. It documents significant learning processes and shows…

  • Year 2003
  • Author(s) Mike Morris; Raphael Kaplinsky; Justin Barnes
  • Countries and Regions South Africa
The purpose in this paper is to provide a framework for the analysis of the relationship between different macroeconomic, sector and commodity policies and the multiplier effects of agriculture. To this end, the paper starts with a listing of the macroeconomic, sector and commodity policies that have been included in…

  • Year 2003
  • Author(s) v
  • Countries and Regions South Africa
This report was prepared for National Treasury to support its assessment of administered prices in South Africa. The objective of the study was to assess the processes involved in setting prices in regulated industries. By evaluating the efficiency, effectiveness and analytical rigour of the regulatory processes involved in setting prices…

  • Year 2003
  • Author(s) David Storer
  • Countries and Regions South Africa
The links between BEE and competition policy are outlined in the Competition Act of 1998. It is recognised in the preamble to the Act that competition law has to specifically address the excessive concentration of ownership and control of the economy and the unjust restrictions on the full participation of…

  • Year 2003
  • Author(s) Neo Chabane
  • Countries and Regions South Africa

  • Year 2003
  • Author(s) Esther Netshivhongweni
  • Countries and Regions South Africa
In this paper we aim at identifying the determinants of South African currency premia in order to assess the scope of South African economic policies to narrow the spread on local-currency denominated debt. South Africa is one among very few emerging economies able to borrow long-term abroad in its own…

  • Year 2003
  • Author(s) Martin Grandes; Nicolas Pinaud; Marcel Peter
  • Countries and Regions South Africa
The South African financial sector, defined as the banking, insurance and securities industries, has contributed to the growth of the economy since democracy in terms of growth in assets and value added, although its provision of financial services to the…
Since the attainment of independence in 1994 the new government in South Africa has adopted two outward looking development-oriented economic reform programmes, that is, the Reconstruction and Development Programme, (RDP) in 1994 and the Growth Employment and Redistribution (GEAR) strategies in 1996. RDP clearly outlined the broad framework of the…

  • Year 2003
  • Author(s) Thandinkosi Ndlela and Peter Nkala
  • Countries and Regions South Africa
The South African government is evaluating the economy’s performance over its first decade in power. This period can be characterised by a ‘double’ liberalisation: democratisation of the political process going hand in hand with liberalisation of the economy. This paper…
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