This paper investigates structural symmetry among SADC countries in order to establish, judged by modern OCA theory, which of these countries may possibly make for a good monetary matrimony and which countries may be left out in the cold. SADC remains adamant that it would conclude monetary...

The theory of purchasing power parity implies that real exchange rate series should be stationary. However, conventional unit root tests on the Southern African Development community (SADC) real exchange rates confirm the existence of a unit root. Such deficiencies in the investigation of the...

In this paper we investigate the likelihood of a proposed monetary union in the Southern African Development Community (SADC) being successful from the viewpoint of the Generalised Purchasing Power Parity (GPPP) hypothesis and optimum currency area (OCA) theory. We apply Johansen’s...

The eyes of the world have, in recent years, been steadfastly focused on China’s economic progress. As China has in recent years emerged as a major player on the world economic stage, its growing relations with other developing regions received much attention. Of particular note is the...

Alan Cobley (1990: 3) has argued that no sustained interest was taken in the subject of class in South Africa until the arrival of a generation of radical historians in the 1970s, and then the focus of concern was largely with the origins and development of a black working class in whose...

Resource-poor rural South Africa is characterised by high human densities due to the historic settlement patterns imposed by apartheid, high levels of poverty, under-developed markets and substantially high food insecurity. This chronic food insecurity combined with climate and weather...

Volunteers are people who supply labour for the production of goods and services, for the benefit of others. Volunteer work is of significance in a time when social safety nets are weak and there are ever increasing demands on welfare organisations. The question is, who are these good...

This paper adds to the literature on the crowding out effect of tobacco expenditure in two ways. Firstly, the paper uses expenditure data from a low income sub-Saharan African country, Zambia, where most households are poor. Secondly, unlike previous studies, we relax the exclusion restriction...

The majority of academic research on central bank communication has analysed a central bank’s audience as a single group. Analyses, especially empirical research have focused almost exclusively on a central bank’s interaction with the financial markets, facilitated by the...

Navigation of estuaries is a vitally important aspect of boating recreation in South Africa and elsewhere. This paper uses a choice experiment to estimate recreation values of the Kromme River Estuary, a popular estuary along South Africa’s east coast. This valuation methodology allows...