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15 Jul, 3 tweets, 3 min read
The @IEJ_SA calls on govt to roll out a R70 bn emergency relief package over the next 3 months. This proposal aimed to cushion the economic effects of #Level4 restrictions prior to the outbreak of civil #Unrest sweeping SA in recent days. Although this
mailchi.mp/iej.org.za/thi… ImageImageImage
package isn't a direct response to the civil unrest, the proposals remain relevant. Level 4 restrictions in the #3rdWave, while necessary, will hurt workers, businesses, & livelihoods. Even when civil unrest abates, underlying socio-economic crises will remain, and ImageImage
require even more urgent government action. The rolling out of these relief measures would need to be adjusted, and expanded, to address the damage caused by the recent unrest. But inaction is not an option, and will cost the country dearly.

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More from @NeilColemanSA

Neil Coleman Profile picture
14 Jul 20
I have been overwhelmed with responses to my tweet👇of DSD Minister announcing governments intention to implement a #BasicIncomeGrant. Leaving aside the usual attacks by trolls, serious concerns raised can be boiled down to 8 issues. I deal with these as best I can below. Thread:
1. *Why is it only proposed to benefit those from 18-59*? The reason is that there are extensive grants for children and pensioners, & the big gap is the poor & unemployed from 18-59. If the grant for this group is universal (not means-tested), then it will be a BIG
2.*Why now, when the Covid-19 unemployed grant has been such a mess?* The crisis of unemployment & poverty (over 10 million unemployed, & over 50% in poverty) is growing as the Covid crisis deepens. The Covid grant expires end October. There has to be something to replace it. A
Read 14 tweets
Neil Coleman Profile picture
23 Jun 20
As we head towards the #budget @TitoMboweni announced the government intends to introduce #ZeroBasedBudgeting (ZBB)- the notion that budgets are justified from scratch- to radically cutback on spending. What does this mean?
A thread:
When the RDP was introduced in 1994, the notion of #ZBB (while not mentioned in the RDP doc.) was used at the time to convey the idea that apartheid budgets couldn’t serve as the baseline, but that new budgets needed to be constructed by the democratic state.
A relatively conservative section was controversially inserted on macro economic policy & budgeting- a discussion for another time.
omalley.nelsonmandela.org/omalley/index.…
Read 28 tweets
Neil Coleman Profile picture
20 Dec 19
Ive been asked to comment on why @UKLabour was defeated in the #UKelection2019 & so many working class people voted for right wing #Tories. Outsider humility dictates caution in responding, but I have collated some articles containing incisive analyses.They suggest some answers👇
@OwenJones84 argues #Labours loss was combination of mishandling of #Brexit & Corbyns leadership, but that the policies were right.
theguardian.com/commentisfree/…
This survey👇shows Labours policies in fact do have majority support:
But "Labour did not succeed in turning the big manifesto offer into a short, sharp set of priorities that showed that they would make you ...directly better off" mirror.co.uk/news/politics/…
Read 13 tweets
Neil Coleman Profile picture
28 Aug 19
Some people have asked for our comment on the #Treasury #EconomicStrategy document
There are two major issues: process and content.
I deal with these in turn.Note: these are not the official views of the @IEJ_SA 👇
Firstly on *process*
National Treasury has gone rogue...again
They have unilaterally published a policy document without engaging
👉government structures
👉ANC structures or
👉civil society (unless you count financial sector economists present at their colloquia).
Given that we are in a deep economic crisis, this Treasury unilateralism is highly irresponsible, as broad engagement on the *nature of the problem* is critical to coming up with *appropriate solutions*. But it now emerges that such engagement was totally absent.
Read 18 tweets
Neil Coleman Profile picture
8 Dec 18
Is the #NationalMinimumWage which comes into effect on 1 January a victory or a defeat for workers? I try to answer this question in the thread below
@Cosatu @Zwelinzima1 @CyrilRamaphosa @GiladIsaacs @iValodia @Dennis_G1 @SAFTU_media
How many workers will benefit from the #NMW? According to research by @SA_NMW around *4 million workers* are earning <R20 p/h. This is a significant no. - over one third of the formal workforce. The widely quoted figure of 6,4 million isn't accurate, & reflects 2016 estimates.
Nevertheless a high proportion of workers in SA will benefit from the #NationalMinimumWage by international standards. According to the @SA_NMW the following fell below the NMW: in 16 Latin American countries most were below 15%. In the UK, 5%. Germany, 7% Malaysia, 15%.
Read 11 tweets
Neil Coleman Profile picture
24 Oct 18
A widespread perception around #MTBPS2018 today is that there are too many public servants, who're paid too much, & that we can only afford to expand services/investment if these costs are cut back. But check this 👇 thread, & see whether this is in fact correct @Zwelinzima1
Despite having to extend services to a large population historically excluded from many services, the numbers employed by government (local provincial & national) compared to the numbers employed under apartheid has not significantly increased as a share of total employment.
There was a reduction of 203 000 public service jobs between 1995-99. While those cutbacks were subsequently reversed, this was not done on a scale which kept pace with the growth in the economy, the population, or service delivery requirements.
Read 24 tweets

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