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South Africa is facing an extraordinary ‘polycrisis’. The dimensions of this crisis include an energy collapse; a failing rail network; weak education outcomes; an interrupted water supply; and the effects of decades of endemic corruption that have brought much of government to a halt.
But the country also has incredible assets: a wealth of sought-after minerals; an enviable Constitution that protects rights and advocates social inclusion; an advanced financial and services sector; thriving agricultural and auto industries that compete with the best in the world; a prosecution service that is rapidly rebuilding; and, most of all, strong-willed people determined to make life better through hard work, entrepreneurship and hustling.
The choice is stark: we either build on the positives and take the country forward or we will be overwhelmed by the negatives and end up as another Zimbabwe or Venezuela. We have the people, the policies and the resources. What is missing is the political will to make the difficult choices that will save South Africa from disaster.
This book takes you on a journey that ends with one of three possible future scenarios: the Good, the Bad or the Ugly. Compiled by The Brenthurst Foundation and In Transformation Initiative, and workshopped with high-powered leaders in business and politics, the scenarios have stimulated intense public interest as the country grapples with its mounting problems.
The good news is that there is a clear road towards a positive future. It will take courageous leadership and smart thinking to get there, but the ‘Good’ scenario is tantalisingly within grasp.
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This book examines the COVID-19 pandemic through socioeconomic lens that draw on history, approaches to state-market relations, and public policy perspectives In 2020, the world experienced the worst pandemic since the outbreak of the Spanish Flu of 1918, which continues to have far[1]reaching implications for the global economy and triggered macro-economic dislocations that severely affected the most vulnerable countries and segments of society. This book was conceived as a response to the disruptive shifts induced by the pandemic, with a particular focus on South Africa. International experience has shown that countries and societies that have gone through tough economic times, either as a consequence of wars or economic depressions, have responded to crises by enacting unpopular policy measures based on difficult tradeoffs, which often made way for innovation. The authors outline policy responses to the COVID-19 crisis and propose several interventions to mitigate its effects. These include developing innovative approaches to fiscal and monetary policies, labour market policies, industrial policies, as well as social policies. Building state capabilities, improving the governance and performance of state institutions, and managing digital change are some of the clear policy interventions that are laid out in this book.
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