This paper tests for happiness differences among race groups in South Africa and also investigates the determinants of happiness for each race group. Using data from the 2008 National Income Dynamics Survey, the results indicate that reported happiness differs substantially among race groups,...

This paper investigates social democracy and the “developmental state” model as development alternatives for South Africa. This research is significant as it enhances the developmental debate in South Africa that is indispensable in light of South Africa’s poor socio-economic performance....

The paper analyzes the broad history underpinning the concept of sustainable development and its context within the events industry and specifically with regards to the South African National Arts Festival. A pilot contingent valuation study conducted at the 2010 National Arts Festival...

South African research has found tertiary education to have the highest rate of return amongst levels of education. Measures of effectiveness of the large allocation by government are a crucial area of study relatively untapped. Income levels relative to level of education were found to have...

The hidden economy surrounding the medicinal plant trade in South Africa is estimated to be worth approximately $60 to $100 billion per annum. There is increasing focus on the role that these resources play in the process of sustainable development. By combining Local Economic Development (LED),...

Since 1994 South Africa has been unable to sustainably achieve the rates of economic growth necessary to decrease its very high level of unemployment. Inadequate growth has been exacerbated by a structural increase in the share of private non-tradables (skill-intensive) employment alongside a...

Recently South Africa recorded record current account deficits at a time of high commodity prices. A major contributor to these deficits was a lower level of corporate saving. Low domestic savings makes South Africa reliant on foreign capital inflows to fund higher investment levels and the...

The economics of a Payment for Watershed Services (PWS) is examined as a way to finance the restoration of the Baviaans catchment. The proposed PWS consists of Gamtoos-valley farmers “buying” watershed services from upstream farmers in the Western Baviaanskloof, who need to change their...