Macroeconomic coverage dialogue on South Africa’s long-term financial coverage choices past 2021

DATE: 30 September 2021

Human Sciences Analysis Council (HSRC)

Macroeconomic coverage dialogue on South Africa’s long-term financial coverage choices past 2021

Pretoria, Wednesday 29 September 2021 –  South Africa’s financial disaster pre-dates COVID-19. During the last 25 years, the true per capita GDP has grown at a dismal annual charge of 0.64%, the unemployment charge has been constantly above 20%, about half of the nation’s inhabitants have been residing in poverty, and revenue inequality has constantly elevated. The financial coverage framework that was adopted in 1996 and has since knowledgeable insurance policies bears important accountability for these outcomes and the general failed financial transformation. 

Because the nation plans for the post-Covid-19 and post-July-2021 unrest, the Human Sciences Analysis Council’s (HSRC) Inclusive Financial Improvement (IED) analysis division will host a Macroeconomic Coverage Dialogue to debate South Africa’s long-term financial coverage choices past 2021. The net dialogue will probably be held on Thursday, 30 September 2021 from 16h00 to 18h00. 

The dialogue will search to unpack the next questions: 

•What is going to the restoration appear to be and imply to South Africans past 2021? 

•Will the post-2021 restoration imply a return to the weak financial efficiency of the previous 25 years with the advantages of progress primarily going to the highest layer of the inhabitants?

•Will the restoration imply departing from the nation’s power disaster and realising pro-poor inclusive outcomes?

This evaluation tries to reply these questions by first unpacking the hyperlink between South Africa’s triple crises of unemployment, poverty and inequality and the adopted financial coverage framework from the mid-Nineties. 

It would then use financial modelling methods to reply the next questions: 

•What would be the seemingly financial outlook if the restoration plan continues with the post-1996 financial coverage framework? 

•What if the state reconsiders the post-1996 financial coverage framework, what coverage street map is more likely to put the economic system on a pro-poor inclusive path? 

The presentation will elaborate on the financial coverage state of affairs below every query (which features a six-pillar coverage reform proposal) and evaluate the seemingly progress and growth outcomes of every state of affairs over the following 10 years utilizing the Utilized Improvement Analysis Options linked macro-micro mannequin of South Africa.

That is the third in a sequence of HSRC macroeconomic coverage dialogues, with two extra scheduled earlier than the top of 2021. HSRC want to open these dialogues extensively, to advertise evidence-informed options to various macroeconomic puzzles that hinder transformational growth in South Africa, the African continent and past. Dialogues additionally intention to strengthen cooperation with coverage practitioners, academia and non-governmental stakeholders.

Particulars of the Webinar

Date:30 September 2021

Time:16h00 – 18h00

Zoom Hyperlink:https://zoom.us/j/91004126327?pwd=dGtkeFlGUlJCMFVoNERjSEkwRXRXUT09

For interviews, please contact Adziliwi Nematandani, 0827659191, e mail: anematandani@hsrc.ac.za

Concerning the Human Sciences Analysis Council (HSRC)

The HSRC was established in 1968 as South Africa’s statutory analysis company and has grown to turn out to be the biggest devoted analysis institute within the social sciences and humanities on the African continent, doing cutting-edge public analysis in areas which might be essential to growth.

Our mandate is to tell the efficient formulation and monitoring of presidency coverage; to guage coverage implementation; to stimulate public debate by way of the efficient dissemination of research-based information and fact-based analysis outcomes; to foster analysis collaboration; and to assist construct analysis capability and infrastructure for the human sciences. 

The Council conducts large-scale, policy-relevant, social-scientific analysis for public sector customers, non-governmental organisations and worldwide growth companies. Analysis actions and buildings are carefully aligned with South Africa’s nationwide growth priorities.

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This seminar is partially funded by the Division of Science and Innovation. The views and opinions expressed therein in addition to findings and statements of the seminar sequence don’t essentially symbolize the views of the DSI. Please notice that this seminar will probably be recorded and printed on the HSRC podcast channel. The HSRC complies with the South African PoPIA and the Digital Communications Transactions Act of 2002 Part 45: (1) any one that sends unsolicited industrial communications to stakeholders, should present the stakeholders with the choice to cancel their subscription to that mailing listing. To opt-out or unsubscribe from this mailing listing, please e mail us at mediaroom@hsrc.ac.za

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