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Mail & Guardian
Duma Gqubule

Creator

Duma Gqubule

Duma Gqubule is a financial journalist, analyst, researcher and adviser on issues of economic development and transformation

Finance posse: Finance Minister Enoch Godongwana on his way to deliver the 2026 Budget, is seen in this traditional walk with, among others, Reserve Bank Governor Lesetja Kganyago
and SARS Commissioner Edward Kieswetter. Photo GCIS

End austerity to stimulate the economy

The 2026 Budget blue-ticked the jobs crisis, since the Treasury only cares about debt and pleasing financial markets

Former ANC president Thabo Mbeki. Photo: Nicolene Olckers/Gallo Images

Is there merit to Mbeki nostalgia?

Zuma’s ‘wasted years’ and SA’s continuing economic decline have left many daydreaming about the time that was

The African Development Bank (AfDB) says South Africa’s well-developed financial sector has the potential to be the continent’s powerhouse.

The Fiscal Cliff | Is South Africa nearing a debt crisis?

The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994

Like a household, new spending will be financed through tax increases or budget cuts. (Photo: David Harrison)

MTBPS: Godongwana delivers treasury’s same old sermon

Like a household, new spending will be financed through tax increases or budget cuts

Constructive: Workers build a road through Ficksburg’s township in the Free State. Infrastructure spending has a fiscal multiplier of 2.7, so a budget should not limit spending. Photo: Herman Verwey/ City Press/Gallo Images

No relief in South Africa’s many relief packages

The government’s development path is likely to result in higher rates of unemployment

The drama at Dis-Chem shows that many firms are declining to transform because they can. (Dwayne Senior/Bloomberg via Getty Images)

Enforce employment equity quotas in big companies

The drama at Dis-Chem shows that many firms are declining to transform because they can

Seeing red: SA Federation of Trade Union members protest the high cost of living and unemployment, among other issues.
Photo: Delwyn Verasamy

Dear SA, halt suicidal policies lest we become an economic wasteland

The government must invest in its people and infrastructure to stimulate the economy

Andre De Ruyter. File photo

Enough excuses, Eskom!

Eskom’s blame game falls flat when one looks at the facts and figures behind the utility’s failure

Building wealth: UK Prime Minister Liz Truss and chancellor of the exchequer Kwasi Kwarteng, who announced unfunded tax
cuts of £45-billion for the rich. Photo: Dylan Martinez/Getty

Rate hikes are the wrong medicine

The government should rather consider a targeted approach to reducing inflation

Thousands of people line up at the labour department to apply for UIF during the Covid pandemic. Photo: Delwyn Verasamy

The BIG fix: Effective basic income grant will soothe ailing economy

The government needs to cough up for an effective basic income grant if it wants to achieve a 6% GDP growth rate

Students protest outside Parliament in Cape Town. Photo by David Harrison

No sign of promised R1.6-bn for gender-based violence

The government has pledged funds to fight gender-based violence and femicide

Transition: Workers carry out repairs at the Tutuka coal-fired power station in Mpumalanga. South Africa has said a retreat from fossil fuel must take account of the effect on the economy and the people who depend on it for a living. Photo: Waldo Swiegers/Bloomberg

Don’t privatise electricity in South Africa

South Africa must reject green capitalism and develop a public pathway to energy security

Covid-19 laid bare the failures of South Africa’s efforts to industrialise, which had remained, at least in theory, a cornerstone of the country’s macroeconomic policy since its transition to democracy. Photo: Kevin Sutherland/Bloomberg/Getty Images

South Africa is in need of changes to its industrial policies

Bold adjustments must be made to boost employment and diversify exports

Unemployed men sit waiting for workThe present economic stagnation may partly be a result of a lack of diversification, which limits employment opportunities and overall workforce employability. (Delwyn Verasamy/M&G)

Despite all the documents, there is no social compact in South Africa

The government has had many plans to boost the economy since 1994 but none have achieved their targets

South Africa’s prime lending rate stands at 11.75%.  Photo: Dean Hutton/Bloomberg/Getty Images

Reserve Bank needs an overhaul

The latest ill-advised interest rate hike demonstrates that monetary policy is too crucial to be left to the governor and the bank’s employees alone

Blackouts: West Pretoria power station. The country has experienced load-shedding for years, largely as a result of plants breaking down. Photo: Gustav Butlex

Fix Eskom’s power stations to stop the energy crisis

The state must take control of energy supply to increase capacity with funding from the Public Investment Corporation and the South African Reserve Bank rather than relying on…

Cost of war: A gas station burns after Russia attacked Kharkiv, Ukraine. Russia has reduced gas supplies to Europe. Photo: Fadel Senna/AFP

Economic woes are setting the scene for another uprising

It is monetary policy masochism to hike interest rates and shoot blanks at world oil prices

Switch on: President Cyril Ramaphosa must act to end blackouts so the government can concentrate on growing the economy and creating jobs. Photo: Ihsaan Haffejee/Anadolu Agency/Getty Images

The power rests with you, Cyril

Eskom has sunk on Ramaphosa’s watch. The government needs to get its focus right and fix it

Enough: Soweto residents picket outside Eskom’s offices in Megawatt Park. The power utility this week moved
to stage six load-shedding. Photo: Phill Magakoe/AFP

Workers didn’t cause Eskom crisis

The utility’s employees went on an unprotected strike but years of poor decisions wrecked the energy producer

Shortage: Numbers of state healthcare (above) and education workers have not kept up with population growth since 1994, nor have there been enough efforts to rectify apartheid inequalities. Photo: Marco Longari/AFP

Expand the public service, especially in healthcare and education

The state has to employ another one million people to match international standards