Democracy 30 | Macro-economic policy impact: Prof Patrick Bond
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 Published On Apr 28, 2024

As the country celebrates 30 years of Democracy, how impactful has macro-economic policy been for the South African economy and, more particularly, for the ordinary South African? While the economic policies of the governing party have often been given the thumbs up, the lack of their implementation has been a common gripe. However, fundamentally, there has been a real fight about whether the country pursues more socialist or capitalist policies. The governing party has tried to strike the balance between the two, but with high unemployment, poverty and inequality still being at the forefront of the country's woes, questions around policy effectiveness remain.

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