The effect of sectoral foreign direct investment on sectoral growth and sectoral employment in South Africa
- Authors: Paul, Bernice Nicole
- Date: 2021-04
- Subjects: Investments, Foreign -- South Africa , South Africa -- Economic conditions -- 1991- , South Africa -- Economic policy , Gross domestic product -- South Africa , UNCTAD-ICTSD Project on IPRs and Sustainable Development , Unemployment -- South Africa
- Language: English
- Type: thesis , text , Master , MCom
- Identifier: http://hdl.handle.net/10962/177964 , vital:42894
- Description: Over several decades past, developing countries have received increased amounts of Foreign Direct Investment (FDI). This form of investment has been welcomed because of the perceived benefits attached to it. FDI is seen as an important driver of economic development for many nations. For South Africa specifically, GDP growth rates have remained less than required, unemployment rates have reached staggering levels, poverty and inequality levels are increasing and the list goes on. Considering the perceived benefits of FDI, one may argue that FDI can play a crucial role in reducing the mentioned challenges facing the nation, however, only if directed to initiatives contributing to growth and employment. The 2015 Investment Policy Framework for Sustainable Development includes an action menu promoting investment in sectors relating to the achievement of the Sustainable Development Goals (SDGs). Therefore, this study is aimed at investigating the relationship between sector FDI and sector growth in addition to investigating the effect of sector FDI on sector employment over the period 2000Q1 to 2016Q4 for six of South Africa’s economic sectors. The reason for such a study is based on the premise that developing nations such as South Africa lack sound trade and industrial policies favorable to foreign investors. This then leads to the nation failing to attract higher volumes of FDI which could be used to address structural challenges facing the country. It is therefore important to identify sectors in which FDI has resulted in growth and employment so that when policies are considered, the right FDI is targeted. A comprehensive review of existing theoretical and empirical literature showed that FDI does result in economic growth for developed and developing countries, although FDI crowds out domestic investment in the short run. Literature on the effect of FDI on employment showed diverse effects. Some studies found FDI to increase employment overall, other studies found FDI to increase employment only during periods of restructuring and some studies found FDI to result in job losses. For South African sectors, the present study finds that the financial services sector receives the highest volume of South African FDI, followed by the mining and quarrying sector and the manufacturing, however, FDI in all six sectors under study is associated with increased growth and employment. This finding suggests that the financial services sector has received increased volumes of FDI as a result of financialization of the South African economy. It is this increased FDI in the financial services sector that is directed to income redistribution from the real sector to the finance sector. This study employed econometric techniques and methods of analysis to investigate the relationship between sector FDI and sector growth, and the effect of sector FDI on sector employment. Panel cointegration tests were conducted for all six sectors included in the study to establish if long run equilibrium relationships exist among integrated variables. The Johansen-Fisher panel cointegration test revealed that there is evidence of cointegration in four of the six sectors. Since cointegration was established, the study proceeded to perform the Dumitrescu-Hurlin panel causality analysis and estimate a Panel Vector Error Correction Model (VECM). Results from the causality analysis found a unidirectional causality relationship between FDI and GDP growth, while the panel VECM found FDI to have a significant effect on growth in all sectors. The Seemingly Unrelated Regression (SUR) model employed to investigate the effect of FDI on employment found FDI to have an insignificant effect on employment in all sectors included, although the signs of the coefficients suggest that FDI is associated with increased employment and rising wages is associated with increased productivity growth. Since this study finds that FDI is associated with increased GDP growth in all six sectors under study, policy makers should devise strategies to attract FDI in sectors such as the transportation, storage and communication sector and the electricity, gas and water sector as FDI in these sectors are associated with increased growth however, they receive very low levels of FDI. There are a number of reasons for this, therefore, government institutions and policy makers should investigate the reasons for these low levels of FDI inflows into these sectors so that they can devise further strategies to address these reasons and perhaps attract higher levels of FDI into these sectors. Spillover benefits play a major role in host nations participating in FDI therefore, prior to entering into bilateral treaty agreements, policy makers should ensure that foreign investors are compelled to create jobs, offer training and qualifications etc. through their investments so that some of the SDGs can be achieved. Additionally, this study finds a positive, statistically insignificant relationship between FDI and employment. FDI may not have a significant relationship on employment due to jobless growth and capital-intensive growth rather than labor-intensive growth. Such a situation calls for government intervention. Skills shortage is a rising problem in South Africa; therefore, investors choose to employ advanced technologies rather than people. Under such circumstances, governments are encouraged to invest resources into skills development so that human capital are not completely replaced by technology. , Thesis (MCom) -- Faculty of Commerce, Economics and Economic History, 2021
- Full Text:
- Date Issued: 2021-04
- Authors: Paul, Bernice Nicole
- Date: 2021-04
- Subjects: Investments, Foreign -- South Africa , South Africa -- Economic conditions -- 1991- , South Africa -- Economic policy , Gross domestic product -- South Africa , UNCTAD-ICTSD Project on IPRs and Sustainable Development , Unemployment -- South Africa
- Language: English
- Type: thesis , text , Master , MCom
- Identifier: http://hdl.handle.net/10962/177964 , vital:42894
- Description: Over several decades past, developing countries have received increased amounts of Foreign Direct Investment (FDI). This form of investment has been welcomed because of the perceived benefits attached to it. FDI is seen as an important driver of economic development for many nations. For South Africa specifically, GDP growth rates have remained less than required, unemployment rates have reached staggering levels, poverty and inequality levels are increasing and the list goes on. Considering the perceived benefits of FDI, one may argue that FDI can play a crucial role in reducing the mentioned challenges facing the nation, however, only if directed to initiatives contributing to growth and employment. The 2015 Investment Policy Framework for Sustainable Development includes an action menu promoting investment in sectors relating to the achievement of the Sustainable Development Goals (SDGs). Therefore, this study is aimed at investigating the relationship between sector FDI and sector growth in addition to investigating the effect of sector FDI on sector employment over the period 2000Q1 to 2016Q4 for six of South Africa’s economic sectors. The reason for such a study is based on the premise that developing nations such as South Africa lack sound trade and industrial policies favorable to foreign investors. This then leads to the nation failing to attract higher volumes of FDI which could be used to address structural challenges facing the country. It is therefore important to identify sectors in which FDI has resulted in growth and employment so that when policies are considered, the right FDI is targeted. A comprehensive review of existing theoretical and empirical literature showed that FDI does result in economic growth for developed and developing countries, although FDI crowds out domestic investment in the short run. Literature on the effect of FDI on employment showed diverse effects. Some studies found FDI to increase employment overall, other studies found FDI to increase employment only during periods of restructuring and some studies found FDI to result in job losses. For South African sectors, the present study finds that the financial services sector receives the highest volume of South African FDI, followed by the mining and quarrying sector and the manufacturing, however, FDI in all six sectors under study is associated with increased growth and employment. This finding suggests that the financial services sector has received increased volumes of FDI as a result of financialization of the South African economy. It is this increased FDI in the financial services sector that is directed to income redistribution from the real sector to the finance sector. This study employed econometric techniques and methods of analysis to investigate the relationship between sector FDI and sector growth, and the effect of sector FDI on sector employment. Panel cointegration tests were conducted for all six sectors included in the study to establish if long run equilibrium relationships exist among integrated variables. The Johansen-Fisher panel cointegration test revealed that there is evidence of cointegration in four of the six sectors. Since cointegration was established, the study proceeded to perform the Dumitrescu-Hurlin panel causality analysis and estimate a Panel Vector Error Correction Model (VECM). Results from the causality analysis found a unidirectional causality relationship between FDI and GDP growth, while the panel VECM found FDI to have a significant effect on growth in all sectors. The Seemingly Unrelated Regression (SUR) model employed to investigate the effect of FDI on employment found FDI to have an insignificant effect on employment in all sectors included, although the signs of the coefficients suggest that FDI is associated with increased employment and rising wages is associated with increased productivity growth. Since this study finds that FDI is associated with increased GDP growth in all six sectors under study, policy makers should devise strategies to attract FDI in sectors such as the transportation, storage and communication sector and the electricity, gas and water sector as FDI in these sectors are associated with increased growth however, they receive very low levels of FDI. There are a number of reasons for this, therefore, government institutions and policy makers should investigate the reasons for these low levels of FDI inflows into these sectors so that they can devise further strategies to address these reasons and perhaps attract higher levels of FDI into these sectors. Spillover benefits play a major role in host nations participating in FDI therefore, prior to entering into bilateral treaty agreements, policy makers should ensure that foreign investors are compelled to create jobs, offer training and qualifications etc. through their investments so that some of the SDGs can be achieved. Additionally, this study finds a positive, statistically insignificant relationship between FDI and employment. FDI may not have a significant relationship on employment due to jobless growth and capital-intensive growth rather than labor-intensive growth. Such a situation calls for government intervention. Skills shortage is a rising problem in South Africa; therefore, investors choose to employ advanced technologies rather than people. Under such circumstances, governments are encouraged to invest resources into skills development so that human capital are not completely replaced by technology. , Thesis (MCom) -- Faculty of Commerce, Economics and Economic History, 2021
- Full Text:
- Date Issued: 2021-04
Department of Economic Affairs and RDP
- Department of Economic Affairs
- Authors: Department of Economic Affairs
- Date: 1997-01
- Subjects: Reconstruction and Development Programme (South Africa) , Western Cape (South Africa) -- Economic conditions , South Africa -- Economic policy
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/72490 , vital:30072
- Description: Local Economic Development (LED) is one of the primary building blocks in terms of the economic growth and development equation for the Province. The primary challenges LED has the potential to address include the following: Job creation, the building of an enabling environment that will encourage economic engagement by a larger number of local entrepreneurs, drawing together a number of critical partners and mobilising their energies and resources towards local economic growth and development, facilitating access to finance, markets, capacity building and business support services, creating the environment which will effect economic viability of local communities and their Local Authorities, linking local product development to provincial, national and international markets. There are many other fundamental challenges. The key issue though is whether people in their communities, especially rural and peripheral environments, are benefiting in real terms regarding the quality of their lives. The LED programme will also give effect to the “Growth, Employment and Redistribution: A Macro Economic Strategy” framework that outlines the strategy for rebuilding and restructuring the South African economy. The document confirms Government’s commitment: “It is Government’s conviction that we have to mobilise all our energy in a new burst of economic activity. This will need to break current constraints and catapult the economy to higher levels of growth, development and employment needed to provide a better life for all South Africans.” (1996:2)
- Full Text:
- Date Issued: 1997-01
- Authors: Department of Economic Affairs
- Date: 1997-01
- Subjects: Reconstruction and Development Programme (South Africa) , Western Cape (South Africa) -- Economic conditions , South Africa -- Economic policy
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/72490 , vital:30072
- Description: Local Economic Development (LED) is one of the primary building blocks in terms of the economic growth and development equation for the Province. The primary challenges LED has the potential to address include the following: Job creation, the building of an enabling environment that will encourage economic engagement by a larger number of local entrepreneurs, drawing together a number of critical partners and mobilising their energies and resources towards local economic growth and development, facilitating access to finance, markets, capacity building and business support services, creating the environment which will effect economic viability of local communities and their Local Authorities, linking local product development to provincial, national and international markets. There are many other fundamental challenges. The key issue though is whether people in their communities, especially rural and peripheral environments, are benefiting in real terms regarding the quality of their lives. The LED programme will also give effect to the “Growth, Employment and Redistribution: A Macro Economic Strategy” framework that outlines the strategy for rebuilding and restructuring the South African economy. The document confirms Government’s commitment: “It is Government’s conviction that we have to mobilise all our energy in a new burst of economic activity. This will need to break current constraints and catapult the economy to higher levels of growth, development and employment needed to provide a better life for all South Africans.” (1996:2)
- Full Text:
- Date Issued: 1997-01
Making the means justify the ends?: the theory and practice of the RDP
- Authors: Rapoo, Thabo
- Date: [1996]
- Subjects: South Africa -- Economic policy , Reconstruction and Development Programme (South Africa)
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/74783 , vital:30338 , 0958407983
- Description: So much has been said and written about the Reconstruction and Development Programme by a bewildering array of development specialists, politicians, bureaucrats and commentators that it seems inconceivable that anyone familiar with policy debates would still lack an understanding of it. But amid the speeches, publications, policy documents and newspaper articles, the RDP has lost its meaning and coherence. It has come to mean anything anyone wants it to mean; with a little ingenuity, anything can be made to fit in with the goals of the RDP. It has thus become too broad and imprecise to refer only to what was originally intended. This paper offers an analysis of the RDP’s approach at national and provincial levels, and provides a conceptual framework within which the RDP’s Basic Needs approach to development is assessed. It forms part of a continuing project which seeks to examine the RDP and its implementation by the provinces, and was based on interviews with provincial and national RDP officials, development planners in the provinces, and a thorough content analysis of official policy documents, memoranda and minutes. The institutionalisation of the RDP will be examined by analysing problems faced in the course of implementing it in the provinces. Gauteng, Mpumalanga and North West were chosen as case studies; w'hile they were selected randomly, the goal was to examine three provinces with different socio-economic profiles, allowing significant lessons to be extrapolated from their short experience of implementing the RDP. Their priorities and strategic approaches will be assessed, and problems examined, to suggest lessons for policy and planning that might throw light on similar issues in other provinces. Finally, the paper will analyse indications that the government is making subtle strategic changes towards rearticulating the RDP within a new time frame, and moving towards a tightly co-ordinated set of institutional structures and intergovernmental planning systems. , Social policy series
- Full Text:
- Date Issued: [1996]
- Authors: Rapoo, Thabo
- Date: [1996]
- Subjects: South Africa -- Economic policy , Reconstruction and Development Programme (South Africa)
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/74783 , vital:30338 , 0958407983
- Description: So much has been said and written about the Reconstruction and Development Programme by a bewildering array of development specialists, politicians, bureaucrats and commentators that it seems inconceivable that anyone familiar with policy debates would still lack an understanding of it. But amid the speeches, publications, policy documents and newspaper articles, the RDP has lost its meaning and coherence. It has come to mean anything anyone wants it to mean; with a little ingenuity, anything can be made to fit in with the goals of the RDP. It has thus become too broad and imprecise to refer only to what was originally intended. This paper offers an analysis of the RDP’s approach at national and provincial levels, and provides a conceptual framework within which the RDP’s Basic Needs approach to development is assessed. It forms part of a continuing project which seeks to examine the RDP and its implementation by the provinces, and was based on interviews with provincial and national RDP officials, development planners in the provinces, and a thorough content analysis of official policy documents, memoranda and minutes. The institutionalisation of the RDP will be examined by analysing problems faced in the course of implementing it in the provinces. Gauteng, Mpumalanga and North West were chosen as case studies; w'hile they were selected randomly, the goal was to examine three provinces with different socio-economic profiles, allowing significant lessons to be extrapolated from their short experience of implementing the RDP. Their priorities and strategic approaches will be assessed, and problems examined, to suggest lessons for policy and planning that might throw light on similar issues in other provinces. Finally, the paper will analyse indications that the government is making subtle strategic changes towards rearticulating the RDP within a new time frame, and moving towards a tightly co-ordinated set of institutional structures and intergovernmental planning systems. , Social policy series
- Full Text:
- Date Issued: [1996]
The RDP: April 27, 1995, the first year reviewed
- Ministry in the Office of the President
- Authors: Ministry in the Office of the President
- Date: 1995-04
- Subjects: Reconstruction and development programme (South Africa) , South Africa -- Politics and government -- 1994- , South Africa -- Economic policy , Social change -- South Africa
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/75885 , vital:30479
- Description: The inauguration of the Government of National Unity created the necessary conditions for us to start the challenging task of changing South African society for the better. This is what we had set ourselves to do during the years of struggle to rid our country of apartheid. Now South Africans can, under conditions of freedom, work together to make our country the land of our dreams. This means further enhancing the freedoms we now enjoy; improving the security of citizens at home, in the streets and at work; and raising the quality of life of all the people. Reconstruction and development means all these things: to change all aspects of our lives for the better. Among the urgent tasks the government has set itself is to work together with all citizens to improve the provision of education, health services, housing, water supply, land, electricity, refuse removal, roads and so on. This demands of government that we change the manner in which public funds have all along been used. Everything should be done to create conditions in which the economy can improve and provide more jobs. To realise all these objectives requires co-operation among us as hard-working and responsible citizens. Immediately the Government of National Unity was installed, we started the planning required to meet these goals. At the same time, we also launched Presidential Lead Projects aimed at improving the lives of especially the poor, women and children. But this was just the beginning. For, in the end, we should change the allocation of all public funds towards the new priorities. Government should involve the people more actively at all stages of reconstruction and development. We should operate in an open manner guided by the wisdom of the people themselves. From the projects started last year, many of these ideals have started to take shape. But we continue to learn many lessons. This booklet outlines the concrete steps that have been taken thus far, in the long journey towards a better life for all. As this account shows, this task is not an easy one. But, working together, in the spirit of Masakhane, South Africans are more than capable of realising the good things that our beautiful country can offer.
- Full Text:
- Date Issued: 1995-04
- Authors: Ministry in the Office of the President
- Date: 1995-04
- Subjects: Reconstruction and development programme (South Africa) , South Africa -- Politics and government -- 1994- , South Africa -- Economic policy , Social change -- South Africa
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/75885 , vital:30479
- Description: The inauguration of the Government of National Unity created the necessary conditions for us to start the challenging task of changing South African society for the better. This is what we had set ourselves to do during the years of struggle to rid our country of apartheid. Now South Africans can, under conditions of freedom, work together to make our country the land of our dreams. This means further enhancing the freedoms we now enjoy; improving the security of citizens at home, in the streets and at work; and raising the quality of life of all the people. Reconstruction and development means all these things: to change all aspects of our lives for the better. Among the urgent tasks the government has set itself is to work together with all citizens to improve the provision of education, health services, housing, water supply, land, electricity, refuse removal, roads and so on. This demands of government that we change the manner in which public funds have all along been used. Everything should be done to create conditions in which the economy can improve and provide more jobs. To realise all these objectives requires co-operation among us as hard-working and responsible citizens. Immediately the Government of National Unity was installed, we started the planning required to meet these goals. At the same time, we also launched Presidential Lead Projects aimed at improving the lives of especially the poor, women and children. But this was just the beginning. For, in the end, we should change the allocation of all public funds towards the new priorities. Government should involve the people more actively at all stages of reconstruction and development. We should operate in an open manner guided by the wisdom of the people themselves. From the projects started last year, many of these ideals have started to take shape. But we continue to learn many lessons. This booklet outlines the concrete steps that have been taken thus far, in the long journey towards a better life for all. As this account shows, this task is not an easy one. But, working together, in the spirit of Masakhane, South Africans are more than capable of realising the good things that our beautiful country can offer.
- Full Text:
- Date Issued: 1995-04
National Economic Development and Labour Council
- NEDLAC
- Authors: NEDLAC
- Date: 1995?
- Subjects: Nedlac , South Africa -- Economic policy , Economic development -- South Africa , Labour policy -- South Africa
- Language: eng
- Type: text , book
- Identifier: http://hdl.handle.net/10962/77038 , vital:30658
- Full Text:
- Date Issued: 1995?
- Authors: NEDLAC
- Date: 1995?
- Subjects: Nedlac , South Africa -- Economic policy , Economic development -- South Africa , Labour policy -- South Africa
- Language: eng
- Type: text , book
- Identifier: http://hdl.handle.net/10962/77038 , vital:30658
- Full Text:
- Date Issued: 1995?
RDP white paper: discussion document
- Authors: South African Government
- Date: 1994-09
- Subjects: Reconstruction and Development Programme (South Africa) , South Africa -- Politics and government -- 1994 , South Africa -- Economic policy , South Africa -- Economic conditions
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/69419 , vital:29520
- Description: My Government’s commitment to create a people-centred society of liberty binds us to the pursuit of the goals of freedom from want, freedom from hunger, freedom from deprivation, freedom from ignorance, freedom from suppression and freedom from fear. These freedoms are fundamental to the guarantee of human dignity. They will therefore constitute part of the centrepiece of what this Government will seek to achieve, the focal point on which our attention will be continuously focused. The things we have said constitute the true meaning, the justification and the purpose of the Reconstruction and Development Programme, without which it would lose all legitimacy.
- Full Text:
- Date Issued: 1994-09
- Authors: South African Government
- Date: 1994-09
- Subjects: Reconstruction and Development Programme (South Africa) , South Africa -- Politics and government -- 1994 , South Africa -- Economic policy , South Africa -- Economic conditions
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/69419 , vital:29520
- Description: My Government’s commitment to create a people-centred society of liberty binds us to the pursuit of the goals of freedom from want, freedom from hunger, freedom from deprivation, freedom from ignorance, freedom from suppression and freedom from fear. These freedoms are fundamental to the guarantee of human dignity. They will therefore constitute part of the centrepiece of what this Government will seek to achieve, the focal point on which our attention will be continuously focused. The things we have said constitute the true meaning, the justification and the purpose of the Reconstruction and Development Programme, without which it would lose all legitimacy.
- Full Text:
- Date Issued: 1994-09
A basic guide to the Reconstruction and Development Programme
- Authors: African National Congress
- Date: 1994
- Subjects: Reconstruction and development programme (South Africa) , South Africa -- Economic policy , South Africa -- Social policy , African National Congress
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/75927 , vital:30483 , 1874902062
- Description: The RDP is a plan to address the many social and economic problems facing our country — problems such as...violence, lack of housing, lack of jobs, inadequate education and health care, lack of democracy, a failing economy. The RDP recognises that all of these problems are connected. For example, we cannot successfully build the economy while millions do not have homes or jobs. And we cannot provide homes and jobs without rebuilding the economy. We need policies and strategies to address all of the problems together. The RDP aims to do this. The RDP is a programme to mobilise all our people and all our resources to finally get rid of apartheid and build a democratic, non racial and non sexist future. The RDP was drawn up by the ANC-led alliance in consultation with other key mass organisations and assisted by a wide range of nongovernmental organisations (NGOs) and research organisations. This inclusive approach to developing and implementing policy — involving as many organisations as possible — is unique in South Africa’s political history. The ANC — because it is a liberation movement and based on the traditions of the Freedom Charter — is the only political organisation which can bring together such a wide range of social movements, community-based organisations and numerous other sectors and formations. This widespread and broad-based support throughout South Africa will allow the ANC within a Government of National Unity successfully to implement the RDP.
- Full Text:
- Date Issued: 1994
- Authors: African National Congress
- Date: 1994
- Subjects: Reconstruction and development programme (South Africa) , South Africa -- Economic policy , South Africa -- Social policy , African National Congress
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/75927 , vital:30483 , 1874902062
- Description: The RDP is a plan to address the many social and economic problems facing our country — problems such as...violence, lack of housing, lack of jobs, inadequate education and health care, lack of democracy, a failing economy. The RDP recognises that all of these problems are connected. For example, we cannot successfully build the economy while millions do not have homes or jobs. And we cannot provide homes and jobs without rebuilding the economy. We need policies and strategies to address all of the problems together. The RDP aims to do this. The RDP is a programme to mobilise all our people and all our resources to finally get rid of apartheid and build a democratic, non racial and non sexist future. The RDP was drawn up by the ANC-led alliance in consultation with other key mass organisations and assisted by a wide range of nongovernmental organisations (NGOs) and research organisations. This inclusive approach to developing and implementing policy — involving as many organisations as possible — is unique in South Africa’s political history. The ANC — because it is a liberation movement and based on the traditions of the Freedom Charter — is the only political organisation which can bring together such a wide range of social movements, community-based organisations and numerous other sectors and formations. This widespread and broad-based support throughout South Africa will allow the ANC within a Government of National Unity successfully to implement the RDP.
- Full Text:
- Date Issued: 1994
Discussion document : nationalisation
- African National Congress, Department of Economic Policy
- Authors: African National Congress, Department of Economic Policy
- Date: 1991?
- Subjects: Government ownership -- South Africa , Industrial policy -- South Africa , Socialism -- South Africa , South Africa -- Economic policy
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/66044 , vital:28887
- Description: Nationalisation involves putting any section of the economy under the control and ownership of a government. Nationalisation is not new to South Africa. The governments of the past and especially the Nationalist Party have nationalised a number of industries in the South African economy. Today almost 54% of the productive assets in the country are in the hands of the government. Transport, electricity, post office, are a few examples. Nationalisation in the past has been used to benefit only the whites, by providing them with jobs and services.
- Full Text:
- Date Issued: 1991?
- Authors: African National Congress, Department of Economic Policy
- Date: 1991?
- Subjects: Government ownership -- South Africa , Industrial policy -- South Africa , Socialism -- South Africa , South Africa -- Economic policy
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/66044 , vital:28887
- Description: Nationalisation involves putting any section of the economy under the control and ownership of a government. Nationalisation is not new to South Africa. The governments of the past and especially the Nationalist Party have nationalised a number of industries in the South African economy. Today almost 54% of the productive assets in the country are in the hands of the government. Transport, electricity, post office, are a few examples. Nationalisation in the past has been used to benefit only the whites, by providing them with jobs and services.
- Full Text:
- Date Issued: 1991?
Discussion document on economic policy
- Department of Economic Policy
- Authors: Department of Economic Policy
- Date: 1990-09-20-23
- Subjects: South Africa -- Economic policy , South Africa -- Economic conditions , Apartheid -- Economic aspects -- South Africa
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/66691 , vital:28982
- Description: This document has been prepared for debate within the ranks of the ANC. It does not represent an agreed policy, but rather seeks to contribute to a democratic process of formulating our movement's economic policy. The movement believes that economic policy should address itself to the demands and needs of the majority of the people, and active discussion and debate is essential if they are to have a more prominent place. The ANC has long recognised the necessity for political liberation and constitutional changes to be accompanied by socioeconomic transformation. The Freedom Charter proclaimed the necessity for the people to share in the countries wealth, for the land to be distributed to those who work it, for there to housing, security and comfort for all, and for the doors of learning and culture to opened. The constitutional guidelines also recognised the need for economic restructuring to be part of the process of constitutional change. , "This document has been prepared for debate within the ranks of the ANC". -- Introduction , "DEP workshop, Harare, 20-23 September 1990."
- Full Text:
- Date Issued: 1990-09-20-23
- Authors: Department of Economic Policy
- Date: 1990-09-20-23
- Subjects: South Africa -- Economic policy , South Africa -- Economic conditions , Apartheid -- Economic aspects -- South Africa
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/66691 , vital:28982
- Description: This document has been prepared for debate within the ranks of the ANC. It does not represent an agreed policy, but rather seeks to contribute to a democratic process of formulating our movement's economic policy. The movement believes that economic policy should address itself to the demands and needs of the majority of the people, and active discussion and debate is essential if they are to have a more prominent place. The ANC has long recognised the necessity for political liberation and constitutional changes to be accompanied by socioeconomic transformation. The Freedom Charter proclaimed the necessity for the people to share in the countries wealth, for the land to be distributed to those who work it, for there to housing, security and comfort for all, and for the doors of learning and culture to opened. The constitutional guidelines also recognised the need for economic restructuring to be part of the process of constitutional change. , "This document has been prepared for debate within the ranks of the ANC". -- Introduction , "DEP workshop, Harare, 20-23 September 1990."
- Full Text:
- Date Issued: 1990-09-20-23
Workshop package on discussion document on economic policy
- ANC Department of Economic Policy
- Authors: ANC Department of Economic Policy
- Date: 1990?
- Subjects: South Africa -- Politics and government -- 1989-1994 , Social planning -- South Africa , South Africa -- Economic policy
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/66065 , vital:28896
- Description: This package was prepared by the ANC Department of Economic Policy to assist branches to discuss the discussion document on economic policy. It serves as a guide to discussion and is not a replacement for the document. The package contains ideas for inputs, illustrations and guide questions for discussions. The illustrations can be made into WALL CHARTS or TRANSPARENCIES and used with an overhead projector. We suggest that a group of people (the political education committee) come together to plan a workshop for branch members. Read both the package and the discussion document before planning. The ANC is in the process of setting up ANC Economic Associations in each region. If you need help, contact members of the Association through the regional office.
- Full Text:
- Date Issued: 1990?
- Authors: ANC Department of Economic Policy
- Date: 1990?
- Subjects: South Africa -- Politics and government -- 1989-1994 , Social planning -- South Africa , South Africa -- Economic policy
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/66065 , vital:28896
- Description: This package was prepared by the ANC Department of Economic Policy to assist branches to discuss the discussion document on economic policy. It serves as a guide to discussion and is not a replacement for the document. The package contains ideas for inputs, illustrations and guide questions for discussions. The illustrations can be made into WALL CHARTS or TRANSPARENCIES and used with an overhead projector. We suggest that a group of people (the political education committee) come together to plan a workshop for branch members. Read both the package and the discussion document before planning. The ANC is in the process of setting up ANC Economic Associations in each region. If you need help, contact members of the Association through the regional office.
- Full Text:
- Date Issued: 1990?
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