Browsing by Author "Mali, Kukhanyile"

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    Austerity measures and their role on infrastructure and economic development in South Africa: A review of the period 1996 – 2019
    (University of the Western Cape, 2022) Mali, Kukhanyile; Sheefeni, Johannes
    The global economy is a complex system. Due to globalization, the South African economy has become interconnected and integrated into the global economic system. Thus, it is a complex system influenced by domestic and international activities. South Africa is also a country that has been troubled with many challenges in the past. It is a nation that emerged from apartheid, a discriminatory Afrikaner system that legislated the discrimination, disinvestments, and exploitation of blacks, mainly Africans, by whites in all spheres of society (Christie and Collins, 1982). Despite the democratic breakthrough that was achieved by the ANC and its allies through struggle and negotiations, South Africa still faced a triple threat of unemployment, poverty, and inequality along racial lines.
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    Austerity measures, infrastructure and economic development in South Africa (1996–2019)
    (Vilnius University Press, 2023) Mali, Kukhanyile; Sheefeni, Johannes
    The paper aims to establish whether austerity measures promote economic development, improve infrastructure development, and whether they exacerbate infrastructure backlogs. The methodology used is a quantitative research method, sourcing secondary quarterly data from the South African Reserve Bank. The VAR model is used to analyse data between 1994 and 2019. The results showed that austerity measures have a significantly negative role in economic development. Also, they slow down investments that are crucial for infrastructure development. The results also pointed to the exacerbation of infrastructure backlogs caused by austerity measures