Keyword: financialisation

The Financialisation of the South African Economy and the Havoc It Wreaks

Picture: Verso Books Gilad Isaacs - It has become commonplace for South African policymakers, business leaders and pundits, to extoll the virtues of South Africa’s “world-class” financial system. Indeed, in post-apartheid South Africa the financial sector has grown at almost double the rate of the economy as a whole. Before we applaud such dynamism we must consider whether the greatly expanded role of finance in our economy helps or hinders our ability to tackle the enormous developmental challenges we face....