South Africa’s

Economic Policy
• SA’s current economic
trajectory: unsustainable:
economic growth has stagnated,
unemployment is rising, and
inequality remains high.
• Government should urgently
implement a series of reforms
that can boost SA’s growth in the
short term and long-term
sustainable growth.
These growth reforms should
promote;
• economic transformation
• support labour-intensive growth
• create a globally competitive
economy.
 Fundamental building blocks of long-run
sustainable growth.
1. Improving educational outcomes
throughout the educational life-cycle,
with a particular focus on early
childhood development
2. Implementing youth employment
interventions
3. Expanding effective, affordable, and
integrated public transport systems
and prioritizing targeted housing and
urban development interventions to
overcome spatial legacies.
4. Addressing the skills constraint
through a combination of short-term
solutions and the long-term
educational reforms discussed above.
5. Delivering a capable state supported
by a new compact between the
government, private sector, and other
social partners.
6. A stable macroeconomic policy
framework underpinned by a flexible
exchange rate, inflation targeting, and
credible and sustainable fiscal policy.
 National Development Plan
1. Modernizing network industries to
promote competitiveness and inclusive
growth
2. Lowering barriers to entry and
addressing distorted patterns of
ownership through increased
competition and small business growth
3. Prioritizing labour-intensive growth:
agriculture and services
4. Implementing focused and
flexible industrial and trade policy
to promote competitiveness and
facilitate long-run growth
5.Promoting export
competitiveness and harnessing
regional growth opportunities
6. Quantifying the impact of
proposed growth reforms
 References
• Altman, M., K. Gostner, D. Lee, F. Tregenna, T. van der Heijden,
and D. Onyango (2005). ‘Review of Employment &
Remuneration Trends for Selected Sectors in the SA Economy’.
(Prepared for Office of the Presidency).
• Altman, M., and M. Mayer (2003). ‘Overview of Industrial
Policy’. In Human Sciences Research Council Human Resources
Development Review 2003: Education, Employment and Skills in
South Africa. Cape Town: HSRC Press.
• Arndt, C. (2017). ‘New Data, New Approaches and New
Evidence: A Policy Synthesis’. WIDER Working Paper 2017/202.
Helsinki: UNU-WIDER.
• Bhorat, H., A. Cassim, and M. Oosthuizen (2014). ‘Occupational
Shifts and Skills Challenges Facing the South African Economy’.
LMIP Policy Brief 3. Cape Town: HSRC.
• Global Entrepreneurship Monitor (2015). ‘2014 Global Report’.
Available at: http://www.gemconsortium.org/report/49079
(accessed 23 April 2018).
Thank youu!
Group 5
Lisondra
Minuza
Duzon
Bertos
Nicart