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"EXTRACTIVE institutions" structured to extract resources from the many by an elite few could not deliver sustainable economic growth, and although SA was seeing a disturbing emergence of such institutions, the fact that there had been such a strong response to "state capture" suggested SA was in no danger of falling into dysfunction.This was the word from Prof Mthuli Ncube, of Oxford University’s Blavatnik School of Government, who opened the Treasury’s first winter school on public economics in Pretoria on Monday.The week-long winter school hosts about 90 post-graduate economics students from around SA as well as interns and staff from the Treasury and other government departments.The winter school, which is being addressed this week by international and local experts, aims to build capacity in government and to provide a forum to analyse the public policy and developmental challenges SA faces.Ncube’s comments on the strong links between political institutions and economic growth ...

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