The economic history of
the Republic of South Africa

Hartford Web Publishing is not the author of the documents in World History Archives and does not presume to validate their accuracy or authenticity nor to release their copyright.

1997 Budget
Budget Speech by Trevor Manuel, 12 March 1995. A solid foundation has been laid with the adoption of our deep, modern and widely-respected Constitution. The support provided by the Reconstruction and Development Programme (RDP) remains firm.
The Wealth of Promises and Poverty of Content: An Occasion to Celebrate May Day?
By Thami Madinane, New School of Social Research, 2 May 1995. The official Reconstruction Development Program (so-called RDP) in South Africa has emerged as an important mechanism to reproduce and maintain capitalist relations--a system in which exploitation of workers, especially given the fact that direct wage-cuts are almost impossible under the new conditions in South Africa without the support of the ANC and its few friends in the trade union movement.
The general crisis of the post-apartheid capitalism
By Thami Madinane, The New School for Social Research, 12 October 1995. The on going wave of labor strikes and the stagnant manufacturing sector has raised the question of relevancy of Keynesian economics in South Africa.
Mayibuye, October 1995. The ANC Minister of Trade and Industry is developing proposals to break the hold that monopolies (like Anglo American) have over our economy (and over our lives).
S. African minister calls jobs threat "tragedy"
Adds reaction from labour minister. By Melanie Cheary, Reuter, 18 January 1996. Mining giant Anglo American Corp of South Africa Ltd said on Thursday it might axe 10,000 jobs at the world's biggest gold mine. The negative impact on society in southern Africa will be too grave; it will be a tragedy of enormous political, economic and social proportions
RDP-growth and development strategy
ANC Press Statement, 27 February 1996. The the Growth and Development Strategy confirms the determination of Government to take the country out of the quagmire of "jobless growth." The ANC will continue to make an input into the process, and it will seek to mobilise the people to take their destiny into their own hands and achieve the targets that have been identified.
'Black empowerment' in South Africa: democratic advance or creation of an elite?
By William Pomeroy, in People's Weekly World, 21 December, 1996. SACP and COSATU worry that Black purchase of white assets creates an economic elite rather than economic justice.
Neo-colonialism or great leap forward?
The Daily Mail and Gurdian, 14 November 1997. The Investors' Conference into the Wild Coast Development unveiled R12-billion worth of new projects, but critics argue only a chosen few will benefit.
Civic Society Wants A Pro-Poor Budget
By Farah Khan, IPS, 29 June 1998. In what promises to be a showdown with the government, South African churches and non-governmental organisations said the government must reverse its macro-economic policies and draw up a new pro-poor budget.
The Current Global Economic Crisis and its implications for SA
Statement discussed and approved at the Alliance Summit, late October 1998. The current instability and volatility in the global economy over the last year is seriously affecting the economies of both developed and developing countries. South Africa's economy is integrally linked into the global economy and we have not been left unscathed. Seeks to understand the underlying nature of the crisis.
Bank's Policies Create Poverty, Stifle Jobs
By Gumisai Mutume, IPS, 13 January 1999. Employment creation should be at the centre of any successful poverty alleviation programme, says a World Bank economist, but South African analysts argue that the Bank's own policies have done little to stimulate employment in Africa.
COSATU on Nedcor take over
From COSATU, 16 November 1999. Nedcor's bid to take over Standard Bank threatens 10 000 jobs in the banking sector. Unemployment and job losses undoubtedly represent the biggest challenge of our country at the moment. South Africa therefore does not need any more retrenchments.
Labor laws killing small businesses, South African president says
Nando Times, 6 Feburary 2000. "Unreasonable" aspects of South Africa's labor laws are strangling small businesses, President Thabo Mbeki said in an interview.
Most companies fail to meet training levy deadline
By Reneé Grawitzky and Linda Ensor, in Business Day, 8 March 2000. Thousands of employers who are required to pay a training levy of 0,5% of their payrolls have failed to meet the deadline to register for the payments with the SA Revenue Service (SARS).
Labour 'is committed to solving jobs crisis'
Cosatu would oppose accord cutting wages of low-paid workers. Reneé Grawitzky, in Business Day, 14 March 2000. While labor is committed to seeking a solution to the economic crisis facing the country, the Congress of SA Trade Unions (Cosatu) cautions that labor can not enter into a national agreement to stimulate jobs and growth if it reduces the income of low-paid workers.
Employers Unwilling To Retrain Workers
By Glenda Daniels, in The Mail & Guardian (Johannesburg), 28 April 2000. South Africa's Skills Development Levy Act comes into effect on May 5 to kick off a process that would see the retraining of the country's 10-million-strong workforce. However, more than 180E000 employers still have to register with the South Africa Revenue Service (SARS) to comply with the provisions of the new Act.
New deal ahead for economy
By Brendan Templeton, Business Report, 19 May 2000. A 'new deal' on South Africa`s economy would soon be hammered out by labor and government on one side and top business leaders on the other in a Codesa-style process to be finalised at the National Economic Development and Labour Council (Nedlac).
Mbeki lashes WTO, globalisation for fuelling SA`s woes
By Peter Galli, in Business Report, 25 May 2000. The failure of globalisation to effectively address the needs of developing countries was one of the main reasons behind South Africa`s high unemployment rate and lack of foreign investment, President Thabo Mbeki said yesterday.