Where is South Africa going now? And where will South Africa be in
five years’ time? Much has been written about the country’s past, but
is enough thought being given to its future? Is South Africa in danger
of again losing its way, given its pressing socio-economic challenges?
Prominent economist Raymond Parsons has drawn together a
powerful collection of expert thinkers, economists and analysts who
tackle these issues head on as well as offering timely solutions to
several of South Africa’s most pressing problems, drawing key lessons
from the past in crystallising what South Africa needs to do to create
a better future.
After the so-called ‘lost decade’ under the Zuma administration,
South Africans had high hopes that President Ramaphosa would
deliver on his promise of a ‘new dawn’. Yet despite high expectations
that the country would finally turn the corner and settle onto a
path of stronger inclusive growth and better governance, socioeconomic conditions have deterioriated. Growth remains negligible,
unemployment has worsened and the fiscus is under considerable
strain. Will SA be able to break out of its present ‘growth trap’
without falling into a ‘debt trap’?
The country is also facing global headwinds in the form of volatile
market conditions, shifting geopolitics, and a fast-changing and
disruptive technological landscape which threatens to leave all but
the most well-prepared behind. So how must the different strands
of policy – ranging from purely economic issues to broader questions
around education and the rule of law – now knit together to create
a bigger, stronger and better SA economy in future?
If the vision of a well-functioning society is to be realised, policy
uncertainty about the road ahead must be generally tackled at the
highest level to facilitate job-rich growth. And business and civil society, in its turn, must take a long-term view of
South Africa’s future and commit energy and resources to bringing about change which is both productive and
Recession, Recovery & Reform will offer compelling new insights into how South Africa can unlock its potential
in the years ahead. The publication of this title a month ahead of the ANC policy conference in June 2020, at
which President Ramaphosa’s political and economic ‘track record’ will be widely assessed, ensures it will be a
must-read for all who are concerned about South Africa’s well-being and who are willing to believe that a ‘new
dawn’ is indeed possible.
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