In concurring [with President Ramaphosa], Baissac said a few strong signals and a few simple but effective regulatory steps by the President would engender the confidence for investors to begin investing again and consumers to begin consuming again. “That’s what this President needs to do to get things started. If he does that, then we can start talking about the more long-term structural activities and actions that we need to take to remove the real constraints to growth – education,
“I don’t think South Africa has the luxury of reckless experimentation, for example land expropriation without compensation is reckless experimentation. We know what works in terms of economic policy and growth, [there are] plenty of countries that share South Africa’s very divisive, colonial and very unequal history that have managed to get beyond this…you can look at Malaysia which is a very interesting example for SA.” “They found a way to balance the necessity for transformation and industrialisation while attracting
South African consumers are getting more and more concerned about the economy, especially with upcoming elections igniting uncertainties about whether elected leaders will live up to their commitments or not. A recent report by Eunomix Business & Economics Ltd. further revealed that South Africa's economy for over a decade now is the worst among nations that aren't suffering through wars. The report said the downtrend is expected to keep up as corruption from previous administrations continues to loom over the government. Aside
SA has a well developed and functioning economy resembling that of a First World nation, but the country seems to have languished in a Third World state for decades, says Claude Baissac, CEO of Eunomix, a research and advisory firm that assesses countries on a number of metrics to determine their economic and social health. In this edition of Business Day Spotlight, host Mudiwa Gavaza is joined by Baissac, who discusses his firm’s research into the SA economy, explaining some
“In SA, as in many countries around the world right now, you have this fairly rapid creep to the right and nativism,” said Claude Baissac, the head of political risk consultancy Eunomix. “Trump and Bolsonaro made it not only acceptable but fashionable. The DA has very cynically and opportunistically taken the nationalist route.”
Eunomix CEO Claude Baissac will be an expert panelist at the Global Economic Governance's forum on Trade Mispricing in Africa at the Hyatt Regency in Johannesburg. Following Eunomix's groundbreaking report that debunked research conducted by the United Nations Conference on Trade and Development on misinvoicing in South Africa's gold sector, Claude will be discussing the data challenges of measuring Trade Mispricing on the continent.
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These things my spirit bids me
teach the men of Athens:
brings countless evils for the city,
but Eunomia brings order
and makes everything proper,
by enfolding the unjust in fetters,
smoothing those things that are rough,
sentencing hubris to obscurity
making the flowers of mischief to whither,
and straightening crooked judgments.
It calms the deeds of arrogance
and stops the bilious anger of harsh strife.
Under its control, all things are proper
and prudence reigns human affairs
Thus wrote the Athenian statesman Solon, philosopher and poet in the 6th century BC, of Eunomia, daughter of Zeus, who in dreams would appear to the rulers of the city-state and inspire them to legislate and rule justly and competently.
Eunomia, it seems to us, represents the ideal metaphor of the proper management of human affairs, and has inspired the name EunomixTM.