Everyone’s Guide to the South African Economy. 9th edition, by André Roux
André Roux's Everyone’s Guide to the South African Economy, in it's 9th edition, is essential reading for every South African consumer and taxpayer.
There are thousands of books on economics. Most of them are written as university textbooks and, as such, are of a somewhat theoretical and technical nature - and rightly so. But it is not only university students who want to learn about economics. Each and every one of us needs to understand the nature of the economic forces that often dictate the course of our lives. The South African economic landscape has changed profoundly since this book first appeared some 15 years ago. Then, full democratisation of the country was only a vague possibility; South Africa was effectively isolated by the major world economies; and unemployment was a niggling - but not major - concern. It is therefore fitting that this book should be restructured and modified to take account of some of the new realities and imperatives that have emerged during the last decade. Despite these changes, the underlying purpose of the book, as described in the first edition, remains unchanged: to explain in relatively simple terms some of the important economic factors and relationships confronting us every day. Financial data and statistics are constantly changing and are subject to both the national and the international economic situation. While every care has been taken to ensure the accuracy of the material contained herein at the time of publication, neither the author nor the publisher bears the responsibility for any changes that may be instituted in the future.
Content: Everyone’s Guide to the South African Economy. 9th edition, by André Roux.
PREFACE
WHAT IS ECONOMICS ALL ABOUT?
Defining Economics
Economic Systems
We Are All Economists!
NATIONAL ACCOUNTS
Money Value vs Value in Real Terms
Gross Domestic Expenditure
Gross Domestic Product
Gross National Income at Market Prices
Net National Income at Market Prices
Net National Income at Factor Cost
The Informal Sector
BUSINESS CYCLES
Phases of the Business Cycle
Recovery Phase/Upswing
Boom Phase
Recession/Downswing
Depression
Some Factors Are More Sensitive than Others
Identifying Recessions and Upswings
South Africa's Business Cycles
ECONOMIC GROWTH
What Is Economic Growth?
Growth in the South African Economy
Land and Natural Resources
Labour and Entrepreneurship
Capital
Putting Economic Growth in Perspective
Participation Is the Key
UNEMPLOYMENT
Defining Unemployment
The Extent of Unemployment in South Africa
Causes of Unemployment
Frictional Unemployment
Seasonal Unemployment
Cyclical Unemployment
Structural Unemployment
The Changing Structure of the South African
Economy
Education, Skills and Training
Discrimination
Substituting Capital for Labour
Solutions
INFLATION
Basic Principles
The Consumer Price Index
Calculating Inflation
How Reliable Is the Inflation Rate?
What Causes Inflation?
The Consequences of Inflation
GOVERNMENT SPENDING AND TAXES
Government Spending
Tax Revenue
Value Added Tax (VAT)
Fiscal Policy
The Annual Budget Speech
THE BALANCE OF PAYMENTS
International Trade
Balance of Payments
Exports
Imports
Trade Balance
Service and Income Receipts and Payments
Current Account
Financial Account
Changes in Foreign Exchange Reserves
South Africa's Foreign Debt
EXCHANGE RATES
What Is an Exchange Rate?
Factors Influencing the Rand/Dollar
Exchange Rate
Inflation
Monetary Policy
The Gold Price
The Dollar
The Role of the South African Reserve Bank
The Effects of Changes in the Exchange Rate
Foreign Trade
Impact on GDP and Inflation
The Financial Rand (Finrand)
In Concluding
MONEY
The Meaning and Importance of Money
The Functions of Money
Definitions of Money
The Creation of Money
Money-Creating Triggers
MONETARY POLICY AND INTEREST RATES
Monetary Policy in South Africa
Policy Instruments
Open-Market Operations
Bank/Repo Rate
Bankers'Acceptance (BA) Rate
Call Rate
Treasury Bill Rate
Summary of Monetary Policy
Capital Market Rates
SOUTH AFRICA IN AN INTERNATIONAL CONTEXT
The South African Economy vs the Rest of the World
Global 'Rules of the Game'
South Africa and Africa
South Africa in a Nutshell
ECONOMIC CHALLENGES IN SOUTH AFRICA
South Africa's Economy: The Good, the Bad and the Ugly
The Reconstruction and Development Programme (RDP)
Growth, Employment and Redistribution (GEAR)
Accelerated and Shared Growth Initiative for South Africa (AsgiSA)
South Africa's Performance: 1980-1993 vs 1994-2006
Conclusion: The Challenge to You
REFERENCES
INDEX
This is an excerpt from the book: Everyone’s Guide to the South African Economy. 9th edition, by André Roux.
Title: Everyone’s Guide to the South African Economy
Author: André Roux
Publisher: Random House Struik
Imprint: Zebra Press
9th edition. Cape Town, South Africa 2007
ISBN 9781770220201 / ISBN 978-1-77022-020-1
Softcover, 13x21 cm, 208 pages, several tables
Roux, André im Namibiana-Buchangebot
Everyone’s Guide to the South African Economy. 9th edition
The 9th edition of Everyone’s Guide to the South African Economy clearly explains the economic forces that subtly dictate the day-to-day existence of South Africans.
Everyone’s Guide to the South African Economy. 10th edition
The 10th edition of Everyone’s Guide to the South African Economy explains the economic forces that subtly dictate the day-to-day existence of ordinary people.
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