The Oxford Handbook of the South African Economy

Arkebe Oqubay is an Ethiopian Senior Minister, Professor of Practice at the University of Johannesburg, and an Overseas Development Institute Distinguished Fellow. He has been at the centre of policymaking for over 25 years. He is the former mayor of Addis Ababa, winner of the Best African Mayor of 2005, and finalist in the World Mayor Award 2005, for transforming the city. He is a recipient of the Order of the Rising Sun, Gold and Silver Star presented by the Emperor of Japan. He currently serves as board chair of several leading public organizations and international advisory boards. He is an ODI Distinguished Fellow and a research associate at the Centre of African Studies in the University of London, and holds a PhD in development studies from SOAS, University of London. He was recognized as one of the 100 Most Influential Africans of 2016, and a 'leading thinker on Africa's strategic development' by the NewAfrican, for his work, both theoretical and practical, on industrial policies.Fiona Tregenna holds the DSI/NRF South African Research Chair (SARChI) in Industrial Development and is a Professor of Economics at the University of Johannesburg. She has a Ph.D. in Economics from the University of Cambridge. Fiona is a part-time Member of the Competition Tribunal where she adjudicates competition (anti-trust) cases, and serves on a number of boards, advisory panels and councils, including the Presidential Economic Advisory Council. She consults to various research institutes and international organizations such as UNIDO, UNCTAD, and the ILO. Her primary research interest is in issues of structural change, deindustrialization, and industrial development.Imraan Valodia is Professor of Economics and Dean of the Faculty of Commerce, Law and Management, University of the Witwatersrand. His research interests include inequality, competition policy, employment, the informal economy, gender and economic policy, and industrial development. He has led the initiative at Wits to establish the Southern Centre for Inequality Studies - a multi-disciplinary, cross-country initiative to promote research and policy change to promote greater equality in the global South. Imraan also leads the SCIS. He has led and participated in a number of large national and international studies. He is recognised nationally and internationally for his research expertise in economic development. He is a part-time member of the Competition Tribunal in South Africa, a commissioner of National Minimum Wage Commission, and a member of the Academy of Science of South Africa (Assaf) Standing Committee on Science for the Reduction of Poverty and Inequality.

• PART I HISTORY, POLITICAL ECONOMY, AND KEY CHALLENGES1 Challenges and Complexities of the South African EconomyFiona Tregenna, Arabo K. Ewinyu, Arkebe Oqubay, and Imraan Valodia2 The Economic History of South Africa before 1948Stefan Schirmer3 The Economic History of South Africa 1948-94Bill FreundDR and Vishnu PadayacheeDR4 Politics and Economic Policymaking in South Africa since 1994Alan Hirsch, Brian Levy, and Musa Nxele5 South Africa's Post-apartheid Economic Development TrajectoryDavid Francis, Adam Habib, and Imraan Valodia6 Constraints to Economic Growth in South AfricaKenneth Creamer7 Unemployment in South AfricaJames Heintz and Karmen Naidoo8 Poverty in South AfricaVusi Gumede9 Inequality in South AfricaMurray Leibbrandt and Fabio Andrés Díaz PabónPART II THE PRIMARY SECTORS, ENERGY, AND THE ENVIRONMENT10 Agriculture in South AfricaWandile Sihlobo and Johann Kirsten11 Agro-processing Industries in the South African EconomyHorman Chitonge12 Land and Agrarian Development in South AfricaRuth Hall and Farai Mtero13 Mining and Minerals in South AfricaNeva Seidman Makgetla14 Energy in South AfricaRod Crompton and Ruwadzano Matsika15 Socio-economic Aspects of Energy and Climate Change in South AfricaRoula Inglesi-Lotz16 Climate Change and the Green Transition in South AfricaChanning Arndt, Sherwin Gabriel, Faaiqa Hartley, Kenneth Marc Strzepek, and Timothy ThomasPART III TRADE, INDUSTRY, AND REGULATION17 Corporate Structure, Industrial Development, and Structural Change in South AfricaPamela Mondliwa and Simon Roberts18 Value Chains and Industrial Development in South AfricaMike Morris, Justin Barnes, and David Kaplan19 Southern African Regional Value Chains and IntegrationReena das Nair20 South Africa's Economic Role in AfricaMills Soko and Mzukisi Qobo21 South Africa's International TradeLawrence Edwards22 Innovation and technological change in South AfricaErika Kraemer-Mbula and Rasigan Maharajh23 South Africa and the Fourth Industrial RevolutionBhaso Ndzendze and Tshilidzi Marwala24 Industrial Policy in South AfricaAnthony Black25 Competition Policy in South AfricaLiberty Mncube and Nicola Theron26 Regulation of Network Industries in South AfricaJames Hodge and Tamara Paremoer27 State-Owned Enterprises in South AfricaMark Swilling and Nina Callaghan28 Black Economic Empowerment in South AfricaThando Vilakazi29 Entrepreneurship and SMMEs in South AfricaBoris Urban30 Urbanization, Agglomeration, and Economic Development in South AfricaIvan TurokPART IV THE LABOUR MARKET, DISTRIBUTION, AND SOCIAL POLICY31 Changing Dynamics in the South African Labour MarketHaroon Bhorat, Ben Stanwix, and Amy Thornton32 The Youth Labour Market in South AfricaCecil Mlatsheni33 The Economics of Education in South AfricaNicola Branson and David Lam34 Gender and Work in South AfricaDaniela Casale, Dorrit Posel, and Jacqueline Mosomi35 The South African Informal EconomyMichael Rogan and Caroline Skinner36 Migration and Remittances in South AfricaMark A. Collinson and Mduduzi Biyase37 The Economics of Households in South AfricaDorrit Posel and Katharine Hall38 Food Security, Hunger, and Stunting in South AfricaJulian May39 The Economics of Health in South AfricaRonelle Burger and Mosima Ngwenya40 Social Security and Social Development in South AfricaLeila PatelPART V THE MACROECONOMY41 The Macroeconomics of South African Economic GrowthPhilippe Burger42 Investment in South AfricaCiaran Driver and Laurence Harris43 Public Finance and Fiscal Policy in South AfricaTania Ajam44 Public Debt in South AfricaManoel Bittencourt45 Monetary Policy in South AfricaNicola Viegi46 Banking and Finance in South AfricaPenelope Hawkins47 Financialization in South AfricaEwa Karwowski