WOMEN IN THE PUBLIC SECTORTHE STATE OF THE ECONOMY (S.A., AFRICA & THE WORLD)

NOMFUNDO ‘WARARA’ KAKAZA

7 MARCH 2016

AREAS TO BE COVERED

• HOW ECONOMIES OPERATE

• THE CURRENT STATE OF THE ECONOMY (S.A., AFRICA AND THE WORLD)

• HOW ECONOMIES ARE MANAGED

HOW ECONOMIES OPERATE

• CAPITALISM

• SOCIALISM

• MIXED ECONOMIES

HOW ECONOMIES OPERATE

INDICATORS OF THE ECONOMY

• INFLATION (PRICES)

• GROSS DOMESTIC PRODUCT (GDP) – PRODUCTION

• UNEMPLOYMENT (LABOUR)

INDICATORS OF THE ECONOMY

GDP = RESOURCES + TECHNOLOGY

CURRENT STATE OF THE ECONOMY (S.A., AFRICA & THE WORLD)

• DROUGHT

• WEAK RAND

• GDP – S.A = 0.9%

• GDP – AFRICA = 5.0%

• GDP – WORLD = 2.0%

CURRENT STATE OF THE ECONOMY (S.A., AFRICA & THE WORLD)

• LOAD SHEDDING

• OPPORTUNITIES FOR RENEWABLE ENERGY

• WATER SHEDDING

• UNEMPLOYMENT AT 25.4% = 8.3M PEOPLE UNEMPLOYED

• 71% SURVEYED PUT UNEMPLOYMENT AS TOP PRIORITY

CURRENT STATE OF THE ECONOMY (S.A., AFRICA & THE WORLD)

• CHINESE ECONOMY IS COOLING

• MAIZE IMPORTS

• CONTRIBUTORS TO GDP

• MANUFACTURING = 6.2%

• MINING SECTOR = -0.8%

• AGRICULTURE = -12.6%

• TERTIARY SECTOR = 2.2%

CURRENT STATE OF THE ECONOMY (S.A., AFRICA & THE WORLD)

• GAMBIA, SUDAN AND ZIMBABWE HAVE BEEN STRUGGLING FOR A WHILE

• OIL PRICES WENT DOWN DRASTICALLY, FROM $110 PER BARREL IN 2014 TO $30 PER BARREL

• NOT GOOD FOR SOME AFRICAN COUNTRIES LIKE NIGERIA

• NIGERIA = 2% OF GDP

• GHANA, MOZAMBIQUE AND KENYA ARE BEING ASSISTED BY THE IMF

• ZAMBIA WILL BE KNOCKING ON THE DOOR OF THE IMF SOON

CURRENT STATE OF THE ECONOMY (S.A., AFRICA & THE WORLD)

• LOW COMMODITY PRICES AND THE STRENGTHENING OF THE DOLLAR IS INCREASING THE

DEBT

• IMF AND THE WORLD BANK HAVE LOW LENDING RATES, HOWEVER, THEY ARE IN FOREIGN

CURRENCIES AND THEY COME UP WITH CONDITIONS ON THE ECONOMIC POLICIES

• RUSSIA AND BRAZIL ARE IN RECESSION

• CANADA CAME OUT OF RECESSION, AUSTRALIA IS STRUGGLING

HOW ECONOMIES ARE MANAGED

• REDUCTION OF PERSONAL TAX

• MINIMMUM WAGES

• #FEES MUST FALL

• REDUCING BANK INTEREST RATES

• REDUCTION OF COMPANY TAXES

• GOVERNMENT SPENDING

HOW ECONOMIES ARE MANAGED

• GOVERNMENT SPENDING

• S.A. = 50% OF GDP

• GHANA = 43% OF GDP

• MOZAMBIQUE = 50% OF GDP

• COTE D’IVOIRE = 31% OF GDP

• UGANDA IS AT 21% OF GDP

HOW ECONOMIES ARE MANAGED

• GOVERNMENT SPENDING

• RATING AGENCIES

• CURRENT TAX LAWS ON PENSION FUNDS & PROVIDENT FUNDS

• SELLING STATE ASSETS

CONCLUSION

• THE GLOBAL ECONOMIC ENVIRONMENT IS HOSTILE,

• IT’S A DOG EAT DOG ENVIRONMENT,

• IT’S THE SURVIVAL OF THE FITTEST,

• IF YOU ARE WEAK, YOU GO DOWN,

• THE STRONG PREY ON THE WEAK.