Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Job creation in South Africa: the president’s advisors discuss what it will take

Job creation in South Africa: the president’s advisors discuss what it will take

AT the end of 2021, South Africa recorded its highest unemployment rate since the dawn of democracy, at 35.3%. The figure has marginally dropped but there is still concern about how the country will tackle this issue. Dori Posel spoke to Trudi Makhaya, economic advisor to South Africa’s President Cyril Ramaphosa, as well as Kenneth Creamer and Liberty Mncube, who are on the Presidential Economic Advisory Council, about unemployment, job creation, the informal sector and the country’s challenges with excessive market power. Author DORRIT POSEL, Professor in the School of Economics and Finance, University of the Witwatersrand Dori Posel: South…
Read More
Online fraudsters, colonial legacies and the north-south divide in Nigeria

Online fraudsters, colonial legacies and the north-south divide in Nigeria

MILLIONS of people with email accounts have undoubtedly encountered fraudulent emails that originate from Nigeria. Online fraudsters from the huge west African nation are also known as Yahoo Boys. According to data from the Federal Bureau of Investigation analysed in academic research, they have defrauded millions of victims worldwide. Statistics about the actual value of Yahoo Boys’ scams do not exist. But the wider cost of scams in general in the UK alone has been estimated at £9.3 billion. Authors SULEMAN LAZARUS, Visiting Fellow, London School of Economics and Political Science MARK BUTTON, Professor of Security and Fraud, University of…
Read More
WTO head Ngozi Okonjo-Iweala: how trade can help beat inequality

WTO head Ngozi Okonjo-Iweala: how trade can help beat inequality

IN a recent study South Africa was identified as ranking first of 164 countries in the World Bank’s global poverty database. Underlying this inequality is its very high rates of unemployment. Professor Dori Posel spoke to World Trade Organisation (WTO) Director General Dr Ngozi Okonjo-Iweala about why trade is important in tackling joblessness and inequality. And her experiences of fighting corruption in Nigeria. Author DORRIT POSEL, Professor in the School of Economics and Finance, University of the Witwatersrand Professor Posel: You’ve said that the WTO is all about people. How do we ensure that global trade reduces inequality both between…
Read More
Kenya’s parliament and senate: how will they work together if there’s no clear majority?

Kenya’s parliament and senate: how will they work together if there’s no clear majority?

PRESIDENT Uhuru Kenyatta’s government has held a majority of elected seats in both the national assembly and the senate – which together make up parliament – since the 2013 general election. This enabled his Jubilee coalition to drive its agenda largely unhindered over two five-year terms. This will clearly not be the case for Kenya’s incoming president as results for parliamentary seats and the senate show a near 50:50 split between the two main coalitions. Oscar Gakuo Mwangi sets out the roles of the two houses and what the absence of a clear majority will mean. Author OSCAR GAKUO MWANGI,…
Read More
Macron in Africa: a cynical twist to repair the colonial past while keeping a tight grip

Macron in Africa: a cynical twist to repair the colonial past while keeping a tight grip

IN late July 2022 French president Emmanuel Macron concluded a tour of Cameroon, Benin and Guinea-Bissau. And he visits Algeria between 25 and 27 August. At first glance, his choice of countries is difficult to understand. Three former French colonies – Cameroon, Benin and Algeria – and a former Portuguese colony, Guinea-Bissau, seem very different. Nevertheless, taken together, Macron’s visits tell a story in which France is doing penance for its colonial crimes while simultaneously trying to maintain the influence it gained through colonialism. Author FRANK GERITS, Research Fellow at the University of the Free State, South Africa and Assistant…
Read More
Angola’s MPLA has been in power for nearly 50 years. The big challenges they must fix

Angola’s MPLA has been in power for nearly 50 years. The big challenges they must fix

ANGOLAN president João Lourenço, who has been returned to power with a greatly reduced majority, faces the challenging task of turning around the economy and improving the living conditions of the majority, particularly young people. The Angolan economy has been in bad shape since 2014 when oil prices declined. Oil looms large over the economy, accounting for more than 90% of exports, 56% of government revenues and almost 35% of overall economic output. Author CRISTINA UDELSMANN RODRIGUES, Senior Researcher, The Nordic Africa Institute Even some of its non-oil sectors such as construction and agriculture move in tandem with the oil…
Read More