Browsing by Subject "Apartheid"

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    Deconstructing profitability under apartheid: 1960-1989
    (Taylor & Francis, 2014) Nattrass, Nicoli
    This paper discusses trends in South African profitability between 1960 and 1989 (the last peak year before the release of Nelson Mandela in 1990). It is argued that where distributional conflict is a persistent feature of the economic historical landscape, or is claimed to be of central importance (as is the case with regard to the radical ‘cheap labour’ theory of capital accumulation and growth under apartheid), examining trends in profitability and the underlying forces behind it may be of some assistance to economic historians. Trends in the profit rate can be linked to institutional transformation, and deconstructing the profit rate can help isolate the relative importance of the profit share and productivity in shaping the rate of return for capitalists. The empirical analysis finds that there were different economic factors at work behind trends in profitability between 1960 and 1989, and that Marxist claims about cheap labour being the basis for supposedly rising profitability and growth under apartheid are not supported by the data. Rather, the paper highlights the role of falling capital productivity as the key determinant of falling profitability – developments which suggests that investment in the late apartheid period was misdirected in significant ways.
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    Educational inheritance and the distribution of occupations: Evidence from South Africa
    (Review of Income and Wealth, 2015-05-28) Keswell, Malcolm; Girdwood, Sarah; Leibbrandt, Murray
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    Income inequality after apartheid
    (CSSR and SALDRU, 2015-05-28) Seekings, Jeremy; Leibbrandt, Murray; Nattrass, Nicoli
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    Poverty and inequality after apartheid
    (2007) Seekings, Jeremy
    Democratic South Africa was born amidst high hopes for the reduction of income poverty and inequality from their high levels under apartheid. The reality has been disappointing: despite steady economic growth, income poverty probably rose in the late 1990s before a muted decline in the early 2000s, income inequality has probably grown, and life expectancy has declined. The proximate causes are clear: persistent unemployment and low demand for unskilled labour, strong demand for skilled labour, an unequal education system, and a social safety net that is unusually widespread but nonetheless has large holes. It is also clear that economic growth alone will not reduce poverty or inequality. Pro-poor social policies are important, but not as important as a pro-poor economic growth path. Unfortunately, there is little sign of the political conditions changing to push the state towards the promotion of a more pro-poor pattern of economic growth. There is some chance of parametric reforms of the welfare state. Overall, however, it is likely that, after another ten years of democracy, unemployment and poverty rates will remain high, despite significant redistribution through cash transfers, and incomes will continue to be distributed extremely unequally.