Strong reaction to ‘state capture’ means SA will not fall into dysfunction

Business Day

Professor Mthuli Ncube delivered a keynote address at the opening of the Treasury’s first winter school on public economics in Pretoria, South Africa. He highlighted the challenge of inclusive institutions. 

"EXTRACTIVE institutions" structured to extract resources from the many by an elite few could not deliver sustainable economic growth, and although SA was seeing a disturbing emergence of such institutions, the fact that there had been such a strong response to "state capture" suggested SA was in no danger of falling into dysfunction.