Focus on economic growth rather than social justice in SA - strategist

An opinion piece by independent strategist Shawn Hagedorn suggests South Africa's focus on social justice is preventing the country from attaining economic growth.

He says the country is heading towards a decade of zero-growth in per-capita incomes, and needs 'pragmatic economic debates'.

There's too much emphasis on inequality and not enough on growth. And without growth, inequality will remain.

Shawn Hagedorn, independent strategist

He cites countries such as China and Japan as being societies that are thousands of years old and very "monolithic".

Within their cultures is a tremendous emphasis on putting the interest of the community and the state ahead of the individual, and very much tied to that, is an emphasis on institutional capacity and those are two countries that for hundreds of years have had institutional capacity which have then had tremendous benefit for them.

Shawn Hagedorn, independent strategist

South Africa now is about seven years into what will be a decade of no growth in per capita income and when you have prolonged stagnation, a lot of people don't realise intervention from government even in almost a perfect situation can't be made to work, and South Africa's particular circumstances make it truly impossible.

Shawn Hagedorn, independent strategist

Click on the link below to listen to the full interview.....

Read More
Mosego Home given thumbs up after 'audit' from Gauteng Mental Health Directorate

Mosego Home given thumbs up after 'audit' from Gauteng Mental Health Directorate

After seven patients died at the facility Dr Kobie Marais says they had to reduce the intake of patients.

SA might be downgraded due to recent #CabinetReshuffle says economist

SA might be downgraded due to recent #CabinetReshuffle says economist

Dennis Dykes, a chief economist at Nedbank says ratings agencies do not, however, perceive South Africa in an unfavourable light.

#MeToo sexual harassment campaign gains traction on social media

#MeToo sexual harassment campaign gains traction on social media

The hashtag has gone viral online, in reaction to mounting allegations of sexual assault against producer Harvey Weinstein.

Hennie van Vuuren's book reveals how profits kept the apartheid machine running

Hennie van Vuuren's book reveals how profits kept the apartheid machine running

Apartheid, Guns and Money: A Tale of Profit lifts the lid on some of the darkest secrets of apartheid’s economic crimes

Gigaba says focus must be on driving down inequality, not semantics

Gigaba says focus must be on driving down inequality, not semantics

Finance Minister Malusi Gigaba answered questions from MPs about his stance on the buzz term 'radical economic transformation'.

Minister Gigaba expected to tackle radical economic transformation at WEF Africa

Minister Gigaba expected to tackle radical economic transformation at WEF Africa

World Economic Forum on Africa starts in Durban today.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

[WATCH] New adapted national anthem by students

[WATCH] New adapted national anthem by students

Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?