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South Africa

Realigning investment tax incentives to job opportunities

Sébastien Dessus's picture


لمجموعة البنك الدولي هدفان واضحان هما إنهاء الفقر بحلول عام 2030، وتعزيز الرخاء المشترك في كل بلد من البلدان النامية، وهما الهدفان اللذان تسترشد بهما عملياتنا وتحليلاتنا ومشورتنا بشأن السياسات.  لقد جعلت مجموعة البنك الدولي قياس الفقر المدقع هدفا صريحا لها، وتعهَّدت بالقيام بمتابعة دقيقة يُعوَّل عليها للسعي لبلوغ هذه الغاية.

Using viral load and CD4 data to track the HIV response in South Africa

Nicole Fraser's picture

If public sector organizations are to maximize the value from public-private partnerships (PPPs), they need to move their joint working within the public sector from transactional to collaboration to true partnership working.  To do this requires them to move up the Staircase of Relationships (see previous blog).
 
In moving up the Staircase of Relationships, performance will improve within the public sector and the public sector will become a more effective partner with the private sector.  Improvement in performance, however, is not enough.  Public sector organizations should be seeking to transform their performance through public-to-public (P2P) partnerships and to transform the performance that they achieve through PPPs.

“Your Ex Knows Best” - The Value of Reference Letters: Guest Post by Martin Abel

This is the first in our series of posts by Ph.D. students on the job market this year.
One of the key challenges of markets is to assess the quality of goods. A look at online dating websites – a market where information asymmetries loom particularly large - shows different ways in which people try to communicate that they are of “high quality”. A common strategy is to start your introduction with “My friends describe me as…” (to be followed by some glowing testimony “…smart, athletic, high-achieving – yet humble”). Why may this strategy not be effective? It raises questions about whether these friends are truthful and whether they have all the relevant information about your quality as a partner. The really interesting question you never see answered is: “How would your ex-partner describe you?”

My job market paper “The Value of Reference Letters”, coauthored with Rulof Burger (SU) and Patrizio Piraino (UCT), is about the challenges hiring firms face in identifying high-quality applicants. While the literature has largely focused on the role of friends and family members (Topa 2011, Beaman and Magruder 2012) in job referrals, we investigate whether information from ex-employers can facilitate the matching process. Specifically, we test the effect of a standardized reference letter asking previous employers to rate workers on a range of hard skills (e.g. numeracy, literacy) and soft skills (e.g. reliability, team ability).

Alternative procurement agencies to facilitate infrastructure investment

Michael Bennon's picture



Few people today doubt that smoking is bad. But many, including seasoned policy makers, do not realize just how bad it is. Bad for people, bad for economies, and bad for poverty reduction. In fact, tobacco use not only kills millions of people each year but places a staggering poverty and economic burden on low-income families and less-developed countries that is deepening inequalities between and within countries.

ICT essentials for rebuilding fragile states

Mark Jamison's picture

Ten year old Vibha Kumari looks like any Delhi school girl. Except that a clean but well- worn old handkerchief masks her young face. For Vibha has multi-drug resistant TB - or MDR-TB - caused by a strain of bacteria that has developed resistance to the first line of antibiotics.

Vibha’s is a classic case of drug-resistant TB. Two years ago, when she had a terrible cough that just wouldn’t go away, she was treated by a village doctor at home in Bihar. When she didn’t get any better even after eight months of treatment, the family moved to Delhi where her father sold drinking water on the teeming streets of the city.

Moving into a one-room tenement in an overcrowded urban slum – where large families share small badly-ventilated rooms in conditions that are ripe for the infection to spread –Vibha was tested for TB. When MDR TB was found, probably as a result of inappropriate treatment in the village, she was put on the second line of drugs for a two-year course of treatment.

How geospatial technology can help cities plan for a sustainable future

Xueman Wang's picture
Satellite image and analysis of damage caused by Tropical Cyclone Evan in Samoa. Credit: UNITAR-UNOSAT
With crisis mapping’s increasing profile, other organizations have joined the fray. Just this month, Facebook announced that it was partnering with UNICEF, the World Food Programme, and other partners to “share real-time data to help respond after natural disasters,” and the United Nations has also contributed to the field with its Office for the Coordination of Humanitarian Affairs (OCHA) founding MicroMappers along with Meier, as well as creating UNOSAT, the UN Operational Satellite Applications Programme of the United Nations Institute for Training and Research.

In a 2013 interview, UNOSAT Manager Dr. Einar Bjorgo described the work of his office.

“When a disaster strikes, the humanitarian community typically calls on UNOSAT to provide analysis of satellite imagery over the affected area… to have an updated global view of the situation on the ground. How many buildings have been destroyed after an earthquake and what access roads are available for providing emergency relief to the affected population? We get these answers by requiring the satellites to take new pictures and comparing them to pre-disaster imagery held in the archives to assess the situation objectively and efficiently.”

Four years later, UNOSAT’s work seems to have become even more important and has evolved from the early days when the group used mostly freely available imagery and only did maps.

What if…we could help cities more effectively plan a lower-carbon future?

Stephen Hammer's picture
Uttar Pradesh (UP), India’s most populous state with about 200 million people, has historically not performed well on sanitation. According to census figures from 2001 and 2011, the proportion of rural UP dwellers with a toilet increased slightly during the first decade of this century. However, the population grew as well, meaning that, overall, 13 million more people were defecating in the open in 2011. 

Forever Young? What Africa can learn from Southern Africa’s demographic transition

Lucilla Maria Bruni's picture
Forever Young: Southern Africa’s Demographic Opportunity


There has been an increase in attention on Africa’s changing population. Academics, development organizations and the media (among others, BBC, The Guardian, Financial Times, The Economist) have highlighted Africa’s late demographic transition – the population is young and will remain so for a long time, as fertility rates are not falling there at the same rate as they have fallen in the rest of the world.

Pensions, power & development performance

Elias Masilela's picture
Woman who works in the daycare kitchen of a local farm in Milnerton, South Africa


The investment of pension fund assets has moved from an obscure topic for actuaries, to an issue which raises political attention at the highest level.

This is for the simple reason that it directly touches the social and economic livelihoods of people.

Since the 2008 global financial crisis, developed economies have been looking for additional sources of long-term capital to fill the gaps which bank and government balance sheets can’t fill. This is a search that has engulfed the developing world for much longer if not for as long as they exist. Younger developing economies are starting to see their pension funds grow, side by side with an increasing awareness of the impact which productively invested assets can have on economic growth both today and tomorrow. If invested for the aligned intensions of social impact and financial return, pension funds can improve people’s lives today and secure their income in future. However, this isn’t a general phenomenon – applying only to larger funds which have invested in the intellectual capacity of their Trustees, and in countries which have understood and embraced the strong relationship between the macroeconomic performance and asset performance.

Redirecting pension investments from short-term assets (government paper, bank deposits) to investments with a long-term impact is key to delivering, not only improved, but sustained returns. Private equity (PE) - equity capital not quoted on a public exchange – is one such asset class. PE investment is increasingly in vogue as such capital is the foundation of all economies, and indeed leads to the development of robust stock markets. If structured with pension investors’ risk-return consideration in mind, it can deliver the diversification benefits which these investors need.  If properly targeted, such investments will be vital in meeting the Sustainable Development Goals, considering that 15 of the 17 SDGs have a focus on growth, development and sustainability (the last two being on implementation and capital resource origination). Active participation in investee companies by shareholders such as pension funds will be vital for ensuring a future sustainable and shared economy. In turn, for this to work optimally, requires conscientious and capable Trustees.


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