President Cyril Ramaphosa has appointed members of the Presidential Economic Advisory Council who will play an important characteristic in guiding the 7th Administration in its pursuit of rapid, inclusive and sustainable financial impart and job introduction.
President Ramaphosa has location up the Council to be distinct greater coherence and consistency in the implementation of financial coverage and construct distinct authorities and society usually is healthier geared up to answer to altering financial instances.
Comprising native and international financial notion leaders, the Council advises the President and authorities more broadly, serving to the plot and implementation of financial insurance policies that spur inclusive impart.
The Council is a non-statutory and fair physique chaired by the President and brings together excellent economists and technical consultants drawn from academia, the private sector, labour, neighborhood, have confidence tanks and numerous constituencies. The members, who will volunteer their time, are appointed for the length of time of the 7th Administration.
The Council constitutes trip in international economics; macroeconomics (in conjunction with fiscal coverage and monetary economics); labour economics; economics of training and the economics of poverty and inequality and metropolis construction. Assorted areas of insights entail microeconomics with a form out network industries, regulation and competition, change, energy and climate swap.
The Council serves as a dialogue board for in-depth and structured discussions on emerging global and home trends, financial and construction insurance policies, and faciltates socialisation and diligent execution thereof.
This working mannequin is supposed to toughen the work being done to construct a capable pronounce, which is one other of the 7th Administration’s top three priorities.
People of the Presidential Economic Advisory Council are (in alphabetical declare, 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. For the time being, she occupies the keep of Executive Chair of Concentric Alliance and Chair of the Executive Staff Pension Fund.
Dr Antonio Andreoni is Professor of Trend Economics on the Department of Economics of SOAS University of London and Co-Director of the Centre for Sustainable Structural Transformation (CSST). As co-Director of CSST Antonio makes a speciality of four inter-linked analysis areas – energy transition, mineral property, reorganisation of the international supply chain, and constructing of most in vogue infrastructure.
Prof Haroon Bhorat is Professor of Economics and Director of the Trend Policy Evaluation Unit on the University of Cape City. His analysis interests duvet labour economics, poverty and earnings distribution.
Dr Kenneth Creamer is a Senior Lecturer in the College of Economics and Finance at Wits University. His instructing and analysis makes a speciality of macroeconomics, impart and the correct energy transition. Dr Creamer has written numerous tutorial papers and standard articles on financial and construction coverage in South Africa.
Prof Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Trend Economics in the Department of Economics on the Massachusetts Institute of Skills. In her analysis, she seeks to know the financial lives of the wretched, with the goal to serve construct and overview social insurance policies. Prof Duflo has bought numerous tutorial honours and prizes in conjunction with the 2019 Nobel Prize in Economic Sciences (with co-Laureates Abhijit Banerjee and Michael Kremer).
Prof Vusi Gumede is currently the Dean of the School of Economics, Trend and Enterprise Sciences on the University of Mpumalanga. For 11 years, he held numerous senior authorities positions earlier than joining academia.
Prof Alan Hirsch is Emeritus Professor at The Nelson Mandela College of Public Governance at UCT and founding director of the College, 2011 – 2019.
Ms Mamokete Lijane is the Chair at Economic Evaluation South Africa (ERSA) and a Strategist in Global Markets at Long-established Bank CIB, with 22 years’ trip as an analyst in monetary markets. She has a deep ardour in the intersection between public coverage, economics, and monetary markets.
Ms Trudi Makhaya is the Senior Book on the Boston Consulting Neighborhood. She served as financial handbook to President Cyril Ramaphosa from 2018 to 2023, all over which length she additionally served as South Africa’s G20 Sherpa. Earlier than taking on this characteristic she led Makhaya Advisory, a boutique consulting firm with a form out serving to industry navigate financial coverage, in conjunction with competition coverage.
Prof Mariana Mazzucato is Professor in the Economics of Innovation and Public Designate at University School London (UCL), where she is Founding Director of the Institute for Innovation & Public Reason (IIPP). She is the creator of three extremely acclaimed books in conjunction with the newly launched Mission Economic system: A Moonshot Knowledge to Altering Capitalism. She advises coverage makers spherical the sphere on innovation-led, inclusive and sustainable impart, in conjunction with as Chair of the WHO Council on the Economics of Nicely being for All.
Mr Isaah Mhlanga is the Chief Economist and Head of Global Markets Evaluation for Rand Merchant Bank (RMB). He leads a personnel of economists, analysts and strategists covering macroeconomics, mounted earnings, currencies, commodities and credit ranking across South Africa and quite quite a bit of other key African international locations to assist the monetary institution and its institutional and company customers.
Mr Kuben Naidoo used to be until recently a Deputy Governor of the South African Reserve Bank (SARB) and a member of the Monetary Policy Committee. He is the Head of Company Payment Channels at Investec.
Mr Zeph Nhleko is the Chief Economist of the Trend Bank of Southern Africa (DBSA), where he coordinates company plot, files administration, analysis and economics. He started his profession as an economist on the South African Reserve Bank.
Prof Dani Rodrik is Ford Basis Professor of World Political Economic system on the Harvard Kennedy College. He has published broadly in the areas of financial construction, international economics, and political economy. His most in vogue analysis makes a speciality of employment and financial impart, in each establishing and developed economies.
Mr Wandile Sihlobo is the Chief Economist of the Agricultural Enterprise Chamber of South Africa and the creator of Finding Novel Floor: Land, Fairness, and Agriculture. He is a member of the Council of Statistics of South Africa (Stats SA) and a Commissioner on the World Alternate Price of South Africa (ITAC).
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Dr Vera Songwe is a non-resident senior fellow in the Africa Improve Initiative on the Brookings Institution. She is a gradual Below-Secretary-Total on the United Worldwide locations and Executive Secretary of the United Worldwide locations Economic Price for Africa.
Prof Fiona Tregenna holds the DST/NRF South African Evaluation Chair in Industrial Trend, and is a Professor of Economics on the University of Johannesburg. Her most important analysis ardour is in concerns with structural swap, deindustrialisation and industrial construction.
Prof Imraan Valodia, an Economist, is Dean of the School of Commerce, Legislation and Management, and Director of the Southern Centre for Inequality Evaluation, University of the Witwatersrand, Johannesburg (Wits). His analysis interests contain inequality, gender, competition coverage and industrial construction, and employment in establishing international locations. Professor Valodia is a fragment-time member of the Competition Tribunal in South Africa. He is additionally a Commissioner of the National Minimum Wage Price.
Prof Ingrid Woolard is Dean of the School of Economic and Management Sciences and Professor of Economics at Stellenbosch University. Prof Woolard’s areas of research ardour contain the dimension of poverty and inequality, unemployment, social security and monetary coverage.
President Ramaphosa has expressed his appreciation to the members of the Council for their willingness to contribute to South Africa’s financial construction with their strategic insight and counsel.
