The purpose of national economic reform is to change the structure and overall direction of an economy. Reforms therefore can affect the amount of resources available to a country. They can also affect human rights.
South Africa desperately needs to reform its economy. Its capacity to deal with its tragic problems of unemployment, poverty and inequality is diminishing. State owned enterprises like the power utility Eskom, public transport group Prasa and South Africa Airways, are failing to deliver adequate services. They are also draining public resources away from more productive and socially beneficial purposes.
And the country’s economy is too carbon intensive. It needs to transition to less carbon intensive forms of production and consumption. Read more…
