South Africa’s economic development trajectory: implications for skills development strategy.
Altman and Mayer argue that skills development in South Africa must be aligned to the economic and political imperatives of reducing unemployment and poverty, while fostering growth and international competitiveness. The legacy of a resource-based economy, overlaid by apartheid policies, has resulted in widespread poverty, inequality and unemployment existing alongside globally competitive industries. It is…
read more >>Employment Promotion in a Minerals Economy
The SA economy can be characterized as a minerals economy, with a small market and low skill levels. Hence, most foreign investment is attracted to resource extraction, basic beneficiation or government-generated opportunities. There are many indications that SA suffers from the ‘resource curse’. The dominance of basic minerals and metals in SA’s export profile contributes…
read more >>South Africa’s Economic Development Trajectory: Implications for Skills Development Strategy
Mayer and Altman argue that skills development in South Africa must be aligned to the economic and political imperatives of reducing unemployment and poverty, while fostering growth and international competitiveness. The legacy of a resource-based economy, overlaid by apartheid policies, has resulted in widespread poverty, inequality and unemployment existing alongside globally competitive industries. It is…
read more >>