South African Economy and Policy, 1990-2000 An Economy in Transition

The 1990s were the decade of transition from white rule to black rule in South Africa. In the political sphere the transition was dramatic. In the economic sphere less so, yet the effects were and are likely to be far more far reaching. It is the economic impacts which are likely to determine the future of the country. With the exception of the diamond-rich Botswana, all the countries of Africa which underwent the transition from white to black rule experienced economic decline. Is this to be the fate of South Africa? How was and is South Africa’s historical role as the world’s leading gold producer affected by the transition? Why did some economic policies succeed and others fail? This book, by leading authorities in the field, attempts to answer these and other related questions.

Stuart Jones is Professor in the School of Economic and Business Sciences at the University of the Witwatersrand, Johannesburg, South Africa. Robert W. Vivian is Professor of Finance and Insurance in the School of Economic and Business Sciences at the University of the Witwatersrand, Johannesburg, South Africa

Introduction – Stuart Jones * PART I: OVERVIEW OF THE PERIOD * Overview of the economy – Philip Mohr * PART II: ECONOMY * Agriculture – Nick Vink * Mining – Stuart Jones * Manufacturing – Colin McCarthy * Motor vehicle industry – Anthony Black * Chemical industry with particular reference to Sasol – Grietjie Verhoef * Electricity – Anton Eberhard * Transport – Trevor Jones  * Banking – Stuart Jones * Insurance and retirement industry –  Robert W. Vivian * Stock exchange and capital markets  – Stuart Jones * Information technology  – Stuart Jones * Retail sector  – Stuart Jones * Tourism industry – Gillian Saunders * Public sector-state incapacity – Elsabe Loots * External trade – Stuart Jones * South African balance of payments – Philip Mohr * PART III: POLICY * Demographic change – Charles Simkins * Fiscal policy – Estian Calitz and Krige Siebrits * Monetary policy – Roger Gidlow * Trade policy – Stuart Jones * Agricultural and land policy – Nick Vink and Ruth Hall * Mineral and energy policy – Stuart Jones * Environmental policy – Anthony Lumby * Black economic empowerment – Philip Black, Rachel Jafta and Rulof Burger * Competition policy – Stuart Jones * Labour policy – Frans Barker * Dialogue on policy between government, labour and business – Raymond Parsons * PART IV  * Conclusions  – Stuart Jones * Index