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The Impumelelo Economic Growth Lab is a unit at the BER that focuses on generating policy-relevant work and building capacity to achieve economic success in South Africa. Impumelelo means success.
The BER commissioned Prof Johan Fourie, Chair in Economics, History and Policy at Stellenbosch University, to explore why some countries achieve sustained economic growth and create jobs while others stagnate. He highlights three lessons for South Africa: crises can create reform opportunities if a credible political agreement is in place; the order in which reforms are implemented matters; and strong institutions are essential to ensure reforms last.
