This paper examines an issue of overwhelming importance in South Africa--unemployment and its rise. It explains the factors behind the sharp rise in unemployment in the post-apartheid period, investigates the role of labour legislation and the system of labour market governance, evaluates the...

Are frequents in freely floating exchange rates attributable to stabilising speculation reflecting changes in the fundamental determinants of currencies or to destabilising behaviour of various kinds, driving prices away from fundamentals, and creating 'excess' volatility? This paper, motivated...

This paper reviews the design and performance of monetary policy in South Africa since 1994. Quantitative indexes of transparency reveal a strong rise in the transparency and accountability of monetary policy between 1994 and 2004. Inflation and interest rate expectations data and forward...