Book explores economic future after election outcome

A multi-authored book edited by renowned economist Prof Raymond Parsons, from the North-West University (NWU) Business School, aims to encourage and empower voters to make informed choices in this critical election year.

“There is no going back, and the options have dwindled. In the grand scheme of things, South Africa is no longer at the proverbial crossroads, but rather at a T-junction,” says Prof Parsons.

He edited and co-authored the book Tipping Point ─ turmoil or reform? South Africa’s political economy after 2024, which has been published by Jacana Media.

Submitted on Wed, 04/10/2024 - 14:45

VC calls for introduction of meritocratic approach to appointment of executives and board members in SOEs

A continued downward trajectory is the only possible forecast for South Africa’s state-owned enterprises (SOEs) if political appointments in SOEs continue to take precedence over expertise.

This is according to Prof Bismark Tyobeka, principal and vice-chancellor of the North-West University (NWU). Prof Tyobeka says this is not only an inescapable truth, but a gross dereliction of duty by those in key positions, which serves to hamper economic growth to the detriment of the country’s struggling citizens.

Submitted on Wed, 03/27/2024 - 14:55

Budget acknowledges that the economy is not growing fast enough

In the face of a daunting combination of economic and fiscal imperatives, Minister of Finance Enoch Godongwana in his Budget Speech on 21 February gave a realistic assessment of the socioeconomic and fiscal challenges confronting South Africa, including a “high sovereign credit risk”.

This is the view of Prof Raymond Parsons, economist from the North-West University (NWU) Business School.

Submitted on Thu, 02/22/2024 - 10:52

SONA 2024: there is still “unfinished business” on the national agenda

There is still much “unfinished business” on the national agenda, including a more coherent overall economic plan for much higher job-rich inclusive growth.

In commenting on the 2024 State of the Nation Address (SONA), Prof Raymond Parsons, economist from the North-West University (NWU) Business School, points out that, as expected, prior to the 2024 elections the SONA was inevitably largely a party-political statement and also took stock of the government’s achievements over the decades.

Submitted on Fri, 02/09/2024 - 11:18

Negative factors lead to third quarter’s GDP decline

The decline in the third quarter gross domestic product (GDP) growth to -0,2% from 0,5% in the second quarter of 2023 was worse than expected.

Stats South Africa released the GDP growth figures for the third quarter on 5 December. Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says negative factors have clearly dominated the positive ones to a greater extent than anticipated in that period.

Submitted on Wed, 12/06/2023 - 10:12

Book explores anti-apartheid intellectual’s work and continued relevance

Post-apartheid South Africa continues to have many unresolved problems and unfulfilled promises, despite significant progress in certain areas. A recently published book on the work of the late anti-apartheid activist and intellectual, Mzala Nxumalo, aims to make important contributions to the intellectual work that lies ahead for South Africa in current troubling times – particularly in the context of contemporary leftist politics.

Submitted on Mon, 11/20/2023 - 09:02

Hamas attack on Isael: What does this mean for South Africa?

  • Crude oil prices are set to skyrocket after the attack on Israel.
  • Israel is going to retaliate with full force.
  • The attack has massive global implications.

On Saturday, 7 October, southern parts of Israel suffered a surprise attack on an unprecedented scale by Palestinian military group Hamas, leaving a wake of destruction, with more than 700 dead, thousands of injuries and a host of civilians taken hostage.

Israel’s response has been swift, with targeted air strikes in Gaza and talk of a ground incursion into the disputed region abounding. 

Submitted on Mon, 10/09/2023 - 14:21

Academic to lead preclinical GLP toxicity hub for pharmaceuticals development

South Africa and the North-West University (NWU) are stepping up to develop the African continent’s capabilities to develop its own human vaccines.

The glaring disparities in vaccine access during the Covid-19 pandemic has led to South Africa taking significant strides to bridge the gap between the global north and the African continent's vaccine development needs.

Submitted on Thu, 10/05/2023 - 11:38