Despite the availability in South Africa of free public health care for young children, sick children in poor households are less likely to receive medical treatment than those from more well-off households.
Evidence suggest that the use of inflation targeting by the South Africa Reserve Bank (SARB) has supported the anchoring of inflation expectations in South Africa. The monetary policy success is gauged by measuring the sensitivity of inflation expectations to surprise movements in macro-economic variables.
What might seem like a good idea for satisfying the hungry is likely to leave the economy in a dyspeptic state. Jan Van Heerden’s study into the relative merits of a food voucher programme (ERSA Working Paper number 110) suggests that the price distortions created by such a scheme are likely to inflate production costs, undermine economic competitiveness and slash output. This is unlikely to be a worthwhile price to pay for reducing poverty.
According to economic theory, risk is a central consideration in financial decision-making. In practice, though, it is difficult to quantify the uncertainty faced by investors, particularly if the aim is to present a risk measure that is consistent with economic theory, is objective and can be replicated.
Hammed Amusa, Njeri Wabiri and Krish Chetty, February 2009
Despite its small size and limited quantities of oil reserves, South Africa has various options for improving the security of its oil supplies -- particulary at a time of fluctuating oil prices and geopolitical tension in major oil-producing regions.
When amplified levels of corruption and reduced penalties for illegal behaviour encourage greater levels of tax evasion, the policy response will exacerbate measures that constrain the functioning of private‐sector financial markets. In the ERSA working paper “Tax evasion and financial repression: a reconsideration using endogenous growth models” (Working Paper No.