Dear friend of the FMF
In this week’s feature article, Paul Pereira examines two studies on poverty in South Africa. Despite growing inequality, Pereira argues that there is a good story to tell about economic growth over recent decades in SA. For example, in just a decade, the proportion of people in upper-limit poverty improved from one-in-two to one-in-three. GDP had been growing well until the Zuma years, and if we want to return to that positive trend we must pursue policies which encourage, not hinder, economic growth.
A trend that builds a nation – PAUL PEREIRA
Two major studies on poverty in South Africa have caused understandable alarums this last year. One is a World Bank study on inequality issued last month, the other a 10-yearly Statistics SA “Poverty Report” that came out in August 2017. Yet for all their bad news, they risk obscuring the progress that SA is making in various ways affecting ordinary folk.
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Publish date: 25 April 2018 Views: 787
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation. This article may be republished without prior consent but with acknowledgement to the author.