ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Vishnu PadayacheeSubscribe to Vishnu Padayachee

After Apartheid and Mandela

The Africa National Congress was comfortably re-elected in May, but coming as these elections did, 20 years after the end of apartheid, and the first since the passing away of Nelson Mandela, calls for a review of South Africa's more recent past.

South Africa : New Directions in Economic Policy

South Africa continues with supply-side policies for growth and employment generation though these policies have not been successful over the past decade. Inflation targeting is the new feature of the budget.

South Africa : Reflections on Post-Mandela Era

Now that he is president, will Thabo Mbeki be able to stick to the fundamentals of the growth, employment and redistribution (GEAR) macro-economic strategy widely known to have been authored by him in his effort to speed up the delivery of development to the poor? And if he does, will GEAR still receive support from market players worldwide?

Struggle, Collaboration and Democracy

The political and economic history of Indian South Africans since their arrival in Natal in 1860 has been largely shaped by struggle and resistance on the one hand and by compromise and accommodation on the other over the self-referential nature and political significance of the identities or labels 'The Indian Community' and 'Indian South Africans' by which they came to be known.

Less Ideology, More Common Sense-Financial Globalisation and the Currency Crisis

Financial Globalisation and the Currency Crisis Vishnu Padayachee International financial (and political) leadership is called for that would drive towards greater global financial co-ordination, debate new institutional arrangements and rules governing capital flows and encourage diversity in approach in matters affecting currency, bond and stock markets. At the very least, innovative ideas are required quickly on the appropriate institutional form for regulating speculative activity and on the rules and mechanisms for enforcing on speculators the requirement to disclose their positions.

Malaysian Investment in South Africa-Some Initial Observations

Some Initial Observations Vishnu Padayachee Imraan Valodia PRIOR to 1994, there were two broad views on potential inflows of foreign direct investment (FDD into South Africa. The one view expected that large inflows would quickly follow the resolution of the political conflict, while the other took a more sceptical view on potential FDI, emphasising the mobilisation of domestic savings and the restructuring of the local capital market [Padayachee 1995].

Post-Apartheid South Africa-The Key Patterns Emerge

The Key Patterns Emerge Bill Freund Vishnu Padayachee While it would be unreasonable to pillory the country beyond its just deserts, if one is forced to sum up the most striking features of contemporary South Africa, they would have to include the growing ascendance of a corporate-cum-state black elite with little effective challenge either from below or from the formerly powerful white minority, the relative modesty of social change, the disintegration of Left critiques in favour of a crude materialist and instrumental view of life, the pursuit of economic policies that will perpetuate existing inequalities and power relations even white deracialising and, most strikingly, the failure to find a modus operandi that wilt break the historic walls of privilege in this society of extreme contrasts to create a real new South African identity. A consequence may well be a process of long-term civic decay coupled with a vibrant if extremely inequitable civil society.

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