Era of unbridled faith in the virtues of the market is now over
We can learn from the green new deal proposals in the US, and initiatives calling for a just transition and one-million climate jobs in SA
The year 2019 will undoubtedly be an important year for the Ramaphosa regime. The general election provides an opportunity to consolidate power, but it also poses a threat should a resounding win for the ANC not be forthcoming. While President Cyril Ramaphosa must focus on winning votes and consolidating party unity, he must also attend to the need to secure concrete economic gains, a process that has already begun through a variety of summits and meetings in 2018, and plans for economic recovery outlined in the recently-delivered state of the nation address. The South African economy has emerged from a recession that dampened Ramaphosa’s first year in office. Yet it is unlikely that the economy will create employment, reduce inequality and lift millions from poverty if bold actions are not taken in the immediate future. The corruption, nepotism and gross mismanagement of the Jacob Zuma era have undoubtedly had a devastating effect on the SA economy. But a mere clean-up and change i...
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