A warning by Redge Nkosi: Reform macro-economic policy or face a revolution of an unprecedented scale….He’s the Executive Director and Research Head at Firstsource Money. Twitter Handle @redgenkosi
The national narrative around South Africa’s poor growth and low growth trajectory is that it is ordained by some confluence of forces of globalisation alongside the lack of domestic microeconomic reforms. Circumscribed by such forces, the nation state is thus incapable of any real policy space to grow the economy, save for the deployment of monetary policy and structural reforms, supported by a thin base of fiscal space.
As a consequence of such circumscription, most