- Desmond Lachman, and Kenneth Bercuson
- Published Date:
- February 1992
© 1992 International Monetary Fund
Library of Congress Cataloging-in-Publication Data
Economic policies for a new South Africa / edited by Desmond Lachman and Kenneth Bercuson ; with a staff team comprising Daudi Ballali … [et al.]
p. cm. —(Occasional paper, ISSN 0251-6365 ; no. 91)
Includes bibliographical references.
ISBN 1-55775-198-6 : $15.00
1. South Africa—Economic policy. 2. Poverty—South Africa. 3. Blacks—South Africa—Economic conditions. 4. Income distribution—South Africa. 5. Taxation—South Africa. 6. South Africa—Politics and government—1989- I. Lachman, Desmond. II. Bercuson, Kenneth. III. Series: Occasional paper (International Monetary Fund) ; no. 91.
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The following symbols have been used throughout this paper:
… to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
– between years or months (e.g., 1991–92 or January-June) to indicate the years or months covered, including the beginning and ending years or months;
/ between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.
Since February 1990, with the release of Nelson Mandela and the unbanning of the formerly proscribed political parties, there has been a fundamental change in South Africa’s political environment. In particular, there has been a basic dismantling of the institutional framework of the former apartheid system and an indication by the present Government that it is now committed to negotiating a new political constitution based on universal suffrage and protected individual rights. Within this context, a debate has begun on the appropriate economic policies to be pursued in a new South Africa to address the country’s acute socioeconomic backlogs. This study aims at making a contribution to that debate. In this regard, it draws heavily on the work of the IMF’s 1991 Article IV consultation mission to South Africa.
The opinions expressed in the paper are those of the authors and do not reflect the views of the South African authorities, Executive Directors of the IMF, or IMF staff. Editorial assistance was provided by Margaret Casey and Elisa Diehl of the External Relations Department.