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Title
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Integration and policy constraints to industry and trade in Botswana, Lesotho and Swaziland
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Creator
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Setai, Bethuel
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Date
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1988
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Collection
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African Journal of Political Economy
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Description
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The Southern African Customs Union (SACU) is comprised of Botswana, Lesotho, Swaziland (BUS) and South Africa and until 1975 when Botswana withdrew to establish her own central bank, all the four countries were members of the Rand Monetary Area (RMA). In this paper we review the performance of the BLS countries under both institutional arrangements focusing on industry and trade. The SACU and RMA are characterised by restraints and controls thathave a negative impact on the growth and...
Show moreThe Southern African Customs Union (SACU) is comprised of Botswana, Lesotho, Swaziland (BUS) and South Africa and until 1975 when Botswana withdrew to establish her own central bank, all the four countries were members of the Rand Monetary Area (RMA). In this paper we review the performance of the BLS countries under both institutional arrangements focusing on industry and trade. The SACU and RMA are characterised by restraints and controls thathave a negative impact on the growth and development of the smaller partners. While we recognise the effect of polarisation due to market forces, we point out that polarisation is a result of institutional restraints and controls which enable South Africa to take advantage of the gains of economic co-operation in all aspects of economic activity particularly consumption activities, capital, supply of raw materials and labour resources.
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Title
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The 1994 and 1999 electoral process/systems : promoting democracy in South Africa
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Creator
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Bauer, Constanze
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Date
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2001-06
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Collection
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African Journal of Political Science
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Description
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South Africa's general elections of 1994 was a unique occurrence in the country's history, having for the first time enfranchised the majority of the country's citizens. The 1999 elections advanced this process of democratizing the South African policy. This article examines the electoral systems that were applied to two elections, as well as the role of the Independent Electoral Commission in connection with those two elections. It argues that the legal and institutional frameworks...
Show moreSouth Africa's general elections of 1994 was a unique occurrence in the country's history, having for the first time enfranchised the majority of the country's citizens. The 1999 elections advanced this process of democratizing the South African policy. This article examines the electoral systems that were applied to two elections, as well as the role of the Independent Electoral Commission in connection with those two elections. It argues that the legal and institutional frameworks established by the relevant laws ensured free and fair elections; but above all they advanced the democratization process.
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Title
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The political economy of bank failure and supervision in the Republic of South Africa
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Creator
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Okeahalam, Charles
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Date
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1998-12
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Collection
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African Journal of Political Science
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Description
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The failure of banks has financial, economic, social and political implications. Banks serve as deposit holders and financial intermediaries. As deposit holders they are the custodians of savings and via the market for capital, transfer the savings into investment or consumption. The particular role which banks play in the modern economy is significant and accordingly they are subjected to an extensive regulatory framework to ensure that they can continue to play the role for which they have...
Show moreThe failure of banks has financial, economic, social and political implications. Banks serve as deposit holders and financial intermediaries. As deposit holders they are the custodians of savings and via the market for capital, transfer the savings into investment or consumption. The particular role which banks play in the modern economy is significant and accordingly they are subjected to an extensive regulatory framework to ensure that they can continue to play the role for which they have been designed and to maintain confidence in the monetary andfinancial system. Despite these regulations (some would argue, because of these regulations) banks still become insolvent or fail to meet the conditions for maintenance or renewal of their licences. The final arbiter of this decision is usually the central bank. In the Republic of South Africa (RSA), it has been suggested that the central bank - Reserve Bank of South Africa (RB) - has been unduly political in determining the manner in which it has applied banking regulation and conducted its role as lender of last resort. This paper contributes to this debate by discussing the manner in which the RB has performed its role and ways in which bank supervision in South Africa can be improved.
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Title
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South Africa - the rainbow nation and prospects for consolidating democracy
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Creator
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Habib, Adam
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Date
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1997-12
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Collection
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African Journal of Political Science
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Description
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Since the 1994 elections ushered in the Government of National Unity (GNU) led by Nelson Mandela and his African National Congress there have been claims that a stable, multi-racial democratic society has finally triumphed in South Africa. This article refutes such thesis; it examines the prospects for consolidating democracy, and argues that the lack of significant progress regarding social (class and race) and economic (ownership) relations under the GNU is likely to precipitate a political...
Show moreSince the 1994 elections ushered in the Government of National Unity (GNU) led by Nelson Mandela and his African National Congress there have been claims that a stable, multi-racial democratic society has finally triumphed in South Africa. This article refutes such thesis; it examines the prospects for consolidating democracy, and argues that the lack of significant progress regarding social (class and race) and economic (ownership) relations under the GNU is likely to precipitate a political crisis. This could produce an authoritarian response and thereby severely compromise the democratic and socio-economic aspirations which inspired the anti-apartheid struggle.
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Title
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Elections for parliament and the provinces in the new South Africa : 1994-2004
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Creator
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Faure, A. M.
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Date
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1997-06
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Collection
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African Journal of Political Science
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Description
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This article discusses the arrangements for the election of parliament and the provincial legislatures in the new South Africa. Present electoral provisions in terms of the Interim Constitution of 1993, as well as the prospects for the elections of 1997 and beyond, in terms of the Final Constitution, are covered. The article also reviews the results of the 1994 general election and offers a general assessment of South Africa's electoral provisions.
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