President Cyril Ramaphosa has appointed contributors of the Presidential Financial Advisory Council who will play a extremely crucial characteristic in guiding the 7th Administration in its pursuit of fleet, inclusive and sustainable financial increase and job advent.
President Ramaphosa has put of living up the Council to be particular greater coherence and consistency in the implementation of financial policy and be particular that authorities and society in typical is more healthy geared as a lot as answer to altering financial conditions.
Comprising native and worldwide financial belief leaders, the Council advises the President and authorities more broadly, serving to the arrive and implementation of financial policies that spur inclusive increase.
The Council is a non-statutory and just body chaired by the President and brings together well-known economists and technical experts drawn from academia, the non-public sector, labour, neighborhood, think tanks and other constituencies. The contributors, who will volunteer their time, are appointed for the term of the 7th Administration.
The Council constitutes skills in worldwide economics; macroeconomics (including fiscal policy and financial economics); labour economics; economics of education and the economics of poverty and inequality and metropolis building. Assorted areas of insights entail microeconomics with a highlight on community industries, regulation and opponents, alternate, vitality and native weather alternate.
The Council serves as a forum for in-depth and structured discussions on rising world and home inclinations, financial and building policies, and faciltates socialisation and diligent execution thereof.
This running mannequin is supposed to bolster the work being performed to fabricate a capable relate, which is one more of the 7th Administration’s top three priorities.
Members of the Presidential Financial Advisory Council are (in alphabetical thunder, following the profile of the Deputy Chairperson, Dr Renosi Mokate):
Dr Renosi Mokate (Deputy Chairperson): Dr Mokate served because the first deputy chair of PEAC. At repeat, she occupies the placement of Executive Chair of Concentric Alliance and Chair of the Authorities Staff Pension Fund.
Dr Antonio Andreoni is Professor of Vogue Economics at the Division of Economics of SOAS College of London and Co-Director of the Centre for Sustainable Structural Transformation (CSST). As co-Director of CSST Antonio specializes in four inter-linked research areas – vitality transition, mineral sources, reorganisation of the worldwide offer chain, and construction of fresh infrastructure.
Prof Haroon Bhorat is Professor of Economics and Director of the Vogue Policy Study Unit at the College of Cape Town. His research interests hide labour economics, poverty and profits distribution.
Dr Kenneth Creamer is a Senior Lecturer in the School of Economics and Finance at Wits College. His instructing and research specializes in macroeconomics, increase and the excellent vitality transition. Dr Creamer has written different tutorial papers and popular articles on financial and building policy in South Africa.
Prof Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Vogue Economics in the Division of Economics at the Massachusetts Institute of Know-how. In her research, she seeks to price the commercial lives of the unfortunate, with the just to wait on manufacture and review social policies. Prof Duflo has bought plenty of tutorial honours and prizes including the 2019 Nobel Prize in Financial Sciences (with co-Laureates Abhijit Banerjee and Michael Kremer).
Prof Vusi Gumede is at repeat the Dean of the College of Economics, Vogue and Industry Sciences at the College of Mpumalanga. For 11 years, he held different senior authorities positions earlier than joining academia.
Prof Alan Hirsch is Emeritus Professor at The Nelson Mandela School of Public Governance at UCT and founding director of the School, 2011 – 2019.
Ms Mamokete Lijane is the Chair at Financial Study South Africa (ERSA) and a Strategist in Worldwide Markets at Long-established Financial institution CIB, with 22 years’ skills as an analyst in financial markets. She has a deep ardour in the intersection between public policy, economics, and financial markets.
Ms Trudi Makhaya is the Senior Consultant at the Boston Consulting Community. She served as financial consultant to President Cyril Ramaphosa from 2018 to 2023, at some stage in which time she also served as South Africa’s G20 Sherpa. Sooner than taking on this characteristic she led Makhaya Advisory, a boutique consulting firm with a highlight on serving to alternate navigate financial policy, including opponents policy.
Prof Mariana Mazzucato is Professor in the Economics of Innovation and Public Build at College College London (UCL), where she is Founding Director of the Institute for Innovation & Public Plot (IIPP). She is the author of three extremely acclaimed books including the newly released Mission Financial system: A Moonshot Manual to Altering Capitalism. She advises policy makers all around the arena on innovation-led, inclusive and sustainable increase, including as Chair of the WHO Council on the Economics of Effectively being for All.
Mr Isaah Mhlanga is the Chief Economist and Head of Worldwide Markets Study for Rand Service provider Financial institution (RMB). He leads a crew of economists, analysts and strategists covering macroeconomics, mounted profits, currencies, commodities and credit ranking all over South Africa and several key African worldwide locations to serve the financial institution and its institutional and corporate possibilities.
Mr Kuben Naidoo was as soon as till lately a Deputy Governor of the South African Reserve Financial institution (SARB) and a member of the Financial Policy Committee. He’s the Head of Corporate Price Channels at Investec.
Mr Zeph Nhleko is the Chief Economist of the Vogue Financial institution of Southern Africa (DBSA), where he coordinates corporate approach, data administration, research and economics. He began his occupation as an economist at the South African Reserve Financial institution.
Prof Dani Rodrik is Ford Foundation Professor of Worldwide Political Financial system at the Harvard Kennedy School. He has printed broadly in the areas of financial building, worldwide economics, and political financial system. His fresh research specializes in employment and financial increase, in both increasing and superior economies.
Mr Wandile Sihlobo is the Chief Economist of the Agricultural Industry Chamber of South Africa and the author of Discovering Frequent Ground: Land, Equity, and Agriculture. He’s a member of the Council of Statistics of South Africa (Stats SA) and a Commissioner at the Worldwide Trade Commission of South Africa (ITAC).
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Dr Vera Songwe is a non-resident senior fellow in the Africa Enhance Initiative at the Brookings Institution. She is a weak Below-Secretary-Frequent at the United Nations and Executive Secretary of the United Nations Financial Commission for Africa.
Prof Fiona Tregenna holds the DST/NRF South African Study Chair in Industrial Vogue, and is a Professor of Economics at the College of Johannesburg. Her major research ardour is in points of structural alternate, deindustrialisation and industrial building.
Prof Imraan Valodia, an Economist, is Dean of the College of Commerce, Regulation and Management, and Director of the Southern Centre for Inequality Reports, College of the Witwatersrand, Johannesburg (Wits). His research interests consist of inequality, gender, opponents policy and industrial building, and employment in increasing worldwide locations. Professor Valodia is a phase-time member of the Opponents Tribunal in South Africa. He’s also a Commissioner of the Nationwide Minimum Wage Commission.
Prof Ingrid Woolard is Dean of the College of Financial and Management Sciences and Professor of Economics at Stellenbosch College. Prof Woolard’s areas of research ardour consist of the dimension of poverty and inequality, unemployment, social safety and fiscal policy.
President Ramaphosa has expressed his appreciation to the contributors of the Council for their willingness to contribute to South Africa’s financial building with their strategic perception and counsel.
