Camco and TIPS report on ‘Climate Change: Risks and Opportunities for the South African Economy – An Assessment of Mitigation Response Measures’

This report considers the ‘secondary’ impacts that climate change could have on various sectors of South Africa’s economy. It concludes that ‘efforts to maintain short and medium-term growth can no longer ignore the implications of climate change for business and the economy more broadly. Many of the commercial implications of climate change are already being experienced in developing countries such as South Africa, driving private sector innovation but also creating new areas of economic vulnerability. Continue reading

World Development Indicators 2010 released

This year’s WDI focuses on the Millennium Development Goals (MDGs), now in their 10th year. It shows that considerable progress has been made in reaching these challenging goals. Despite the economic and financial crisis that has swept over the globe, the target to reduce by half the proportion of people living in extreme poverty is still within reach in several developing regions. Home to the most people living on less than $1.25 a day, Asia has accounted for much of this remarkable achievement. Sub-Saharan Africa meanwhile remains off track to meet the income poverty goal.

But progress has been uneven at the country level. Only 49 of 87 countries with data are on track to achieve the poverty target. Some 41 percent of the people in low- and middle-income countries live in countries that are unlikely to achieve the target. And 12 percent live in the 60 countries for which there are insufficient data to assess progress. Continue reading

Urban Informality and the formally educated

The informal economy is often associated with low-skilled residents, often isolated from job opportunities by their limited skills set(s). However, the current economic and climate conditions are pushing more and more people with formal education and varied skills sets into the informal economy. The article explores this phenomena in Zimbabwe where women are increasingly working in the informal sector thus challenging the idea that the ‘black economy’ – as it has often been referred to – is home to the uneducated.

Will this increase of educated people in the informal sector help us to look at this sector of the economy with less skepticism and be more realistic and embracing about its contribution to the ‘formal’ economy?
My view is that governments and the broader community alike need to be more aware and sensitive to the accessibility of service that we are/can be afforded through the informal business sector.

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