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Copyright © Cambridge Political Economy Society

other

Three years after apartheid: growth, employment and redistribution?

Jonathan Michie and Vishnu Padayachee*

*Birkbeck College, University of London

Abstract

In 1994 South Africa's first ever democratic elections gave the ANC an overwhelming majority, with Nelson Mandela as President. This article reviews developments since then. It describes the economy at the beginning of the transition from apartheid, the policy initiatives of the new government, and the development of the economy over the three years following the 1994 elections. It analyses critically the government's 1996 'Growth, Employment and Redistribution' policy. It also discusses the shifts which have occurred in ANC economic thinking since 1990.

Manuscript received February 17, 1997; final version received August 14, 1997.


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