TY - CHAP
T1 - South African Economy
T2 - Trails and Possibilities
AU - Gumede, Vusi
AU - Bila, Santos
AU - Biyase, Mduduzi
AU - Chauke, Shonisani
AU - Arogundade, Sodiq
N1 - Publisher Copyright:
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.
PY - 2024
Y1 - 2024
N2 - The South African economy has largely performed below its potential. Although the size of the South African economy has significantly increased since 1994, its performance has lagged behind other comparable economies, and has even been overtaken by Nigeria as the largest economy in Africa. Unemployment, income inequality, and poverty have remained high since 1994. In the past decade, South African economic performance has been so poor that is has resulted in declining per capita incomes.
AB - The South African economy has largely performed below its potential. Although the size of the South African economy has significantly increased since 1994, its performance has lagged behind other comparable economies, and has even been overtaken by Nigeria as the largest economy in Africa. Unemployment, income inequality, and poverty have remained high since 1994. In the past decade, South African economic performance has been so poor that is has resulted in declining per capita incomes.
KW - African National Congress
KW - Growth, Employment and Redistribution (GEAR)
KW - National Development Plan (NDP)
KW - Nelson Mandela
KW - New Growth Path (NGP)
UR - http://www.scopus.com/inward/record.url?scp=85213965397&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-54180-3
DO - 10.1007/978-3-031-54180-3
M3 - Chapter
AN - SCOPUS:85213965397
T3 - African Histories and Modernities
SP - 1
EP - 203
BT - African Histories and Modernities
PB - Palgrave Macmillan
ER -