Theoconomy: Rebooting the South African economy

Abstract

2018) launched an advertising campaign to promote full-scale industrialisation and inclusive growth. The campaign forms an integral part of President Cyril Ramaphosa's drive to improve the South African investment environment and to raise $100 billion in new investment. In the advertising campaign, 10 reasons why the trade block, among others, should invest in South Africa, were listed as follows:In this article, the reasons why ethics ought to be one of the pillars of an all-inclusive economic growth strategy are expounded. Because of the unethical burden of the South African history, coupled to the myopic way of transforming the post-apartheid society and building an inclusive nation, a deep rooted ethical and trust deficit prevails among the people of South Africa. This is the reason why the South African society is in a sophisticated and self-inflicted war with itself that permeates nearly all segments and components of the politico-economic order. The authors argue that a shared ethics and vision, founded upon a strong shared ethos, would restore and bolster trust and confidence in the economy. This would reform the economic household and place the economy on a growth strategy of 6% per annum that is needed to improve the economic prospects and allow to break free from the equilibrium of low growth and high inequality in which South Africa has been trapped for decades.

‘Blessed are you who are poor’: Political economy under the reign of God

“…In a recent article by this author (Walters & Vorster 2019), it has been concluded that we as South Africans do not have to be fixated only on the current economic woes, turbulence and ethical deficit. South Africa Incorporate could regain its resolve but needs to visualise the long-term picture of a shared inclusive economy where the potential of all its people and all the resources of the land could bring true and lasting prosperity.…”