The transformation of the African economy: What does a new and improved economy look like?

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Case study by Bonang Mohale, Chancellor of the University of the Free State, Professor of Practice in the Johannesburg Business School (JBS) College of Business and Economics and Chairman of The Bidvest Group Limited

Key Learnings:
● “Our job is to be safe, comply and respect our neighbours”
● Mohale highlights the importance of section 9 of the Constitution Of South Africa that guarantees equality and freedom from discrimination
● “The law is not a moral compass”
● “Asking for a hand up is not the same as asking for a handout”
● COVID-19 has demonstrated the deep structural inequality in our country
● The 2019 Employment Equity report statistics showed black people in positions of leadership at a disappointing 14.3%
● “Rather than restoring the economy, we need to be thinking about how we will press the reset button”
● Mohale: “Inequality is not something the market is going to fix by itself, it needs help”
● “It is the moral duty of beneficiaries of patriarchy and privilege to bring about gender equality and payparity, in order to attain the ideals of social justice, nation building and social coherence”

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The transformation of the African economy: What does a new and improved economy look like?

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