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School of Economics and Finance
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- Dr Lumkile Mondi is a Lecturer at the School of Economics and Finance at the University of the Witwatersrand in Johannesburg, South Africa. His research interests include political economy, macroeconomics, competition and regulation and public sector economics. He is a lead independent non-executive director of Gemfields Ltd and Safal Steel. He is also ... moreDr Lumkile Mondi is a Lecturer at the School of Economics and Finance at the University of the Witwatersrand in Johannesburg, South Africa. His research interests include political economy, macroeconomics, competition and regulation and public sector economics. He is a lead independent non-executive director of Gemfields Ltd and Safal Steel. He is also the chairman of Thelo Rolling Stock Leasing. He is a trustee of the FinMark Trust and the Centre of Excellence in Financial Services.edit
Malaysia and South Africa conduct two of the most extensive affirmative action programmes in the world, and perhaps most distinctively, the policy encompasses the corporate sphere. Affirmative action seeks to promote the upward mobility... more
Malaysia and South Africa conduct two of the most extensive affirmative action programmes in the world, and perhaps most distinctively, the policy encompasses the corporate sphere. Affirmative action seeks to promote the upward mobility of a population group – often designated by race, ethnicity, religion, gender or disability – through preferential treatment, in order to increase their participation in areas in which they are under-represented. The policy beneficiary in both countries constitutes the demographic majority and politically dominant ethnic group, namely, the Bumiputeras in Malaysia and blacks in South Africa. While various countries implement affirmative action in higher education, public sector employment and public procurement, fewer pursue such policies in ownership, control and management of corporations.
This chapter provides a comparative overview of affirmative action in corporate development in these two countries. We survey political economic foundations, institutional frameworks and policy instruments, and discuss recent policy initiatives and future prospects.
This chapter provides a comparative overview of affirmative action in corporate development in these two countries. We survey political economic foundations, institutional frameworks and policy instruments, and discuss recent policy initiatives and future prospects.
Research Interests:
This policy brief looks at policy options that can facilitate Africa's convergence, catching up and leapfrogging using industrial policy instruments in the post-Great Recession period. During 1990-1999 the development policies... more
This policy brief looks at policy options that can facilitate Africa's convergence, catching up and leapfrogging using industrial policy instruments in the post-Great Recession period. During 1990-1999 the development policies recommendations shifted from the state to the market, from import substitutions to outward-oriented policies, from price controls to 'getting the price right'. 1 Africa had withstood both the Y2K and the subsequent dotcom bust. The upward movement in commodity prices during 2001-2007 was accompanied by massive capital inflows into the continent. The capital inflows continued after the crisis, chasing growth and better yields in Africa as a result of the Great Recession in the developed world. The capital inflows went into a variety of sectors including commodities, information technology and telecommunications, as well as financial services and retail. The United States (US) government and the European Union (EU) and its member countries embarked on the most aggressive fiscal and monetary policy deployment in history during the crisis 2. In Africa, during the period before and after the crisis, a debate ensued among scholars and others as to whether Africa could converge, catch up and leapfrog the rest of the developing world. If so, what policies could support the necessary structural change?
