Topic > The economy and politics of South Africa: a...

2. IntroductionHas the post-1994 South African government succeeded in improving the economic status of previously disadvantaged groups? In the following essay I will discuss the codependency of economics and politics in South Africa.3. Changing political power After 27 April 1994, South Africa faced a huge economic and political transformation. The power of political domination now rested with the previously disadvantaged black majority, and this led to the need to reevaluate existing racial discrimination and undeserved privileges. A series of legislative reforms and affirmative action (AA) measures have been initiated on the journey towards transformation. , for example the Labor Relations Act 1995, the Constitution of South Africa 1996, the Basic Conditions of Employment Act 1997. This was followed by the Employment Equity Act 1999, the Skills Development Act 1998 and the Skills Development Levies Act of 1995. 1999. The intent of the latter two laws was to promote the recruitment, succession planning, development and training of people belonging to designated groups and ultimately to close the skills gap. (Booysen, 2007) These policies were created and implemented to impact as many South Africans as possible and not just to benefit big business and a few select individuals in society.4. 888888888In President Jacob Zuma's speech at the Large-Scale Black Economic Empowerment Summit on 3 October 2013 at the Gallagher Estate in Johannesburg, he discussed the successes and failures since the passage of the BBEEE Act 10 years ago. President Zuma has confirmed that they will approach economic transformation through: • the creation of decent jobs for all South Africans • the eradication of poverty and decisive intervention...... half of the document ..... .ment post 1994 has made progress in eradicating inequality and addressing poverty and unemployment through the implementation of different legislation and policies. The South African economy is stimulated to grow by various policies, as demonstrated by the Statistics South Africa report.Works CitedAron, J., &Muellbauer, J. (2013). Wealth, credit conditions and consumption: Evidence from South Africa. Income and wealth review. Booysen, L. (2013). Shifts in social power and changing social identities in South Africa: Implications for the workplace. South African Journal of Economic and Management Sciences, 10(1), 1-20. http://polity.org/article/sa-jacob-zuma-address- by- the-president- of-south-africa-to- the-broad-based –black-economic-empowerment-summit-gallagher-estate- johannesburg-03102013-2013-10-03Labour market dynamics in South Africa, 2012. Report 5 November 2013.