Dr Iraj Abedian, economist and private equity investor

This course will argue that the prevailing socio-economic order in South Africa is neither fair nor sustainable. Both the poor and the rich stand to lose – albeit in different forms. The youth in particular face a bleak future and stand to be the biggest losers. Yet the country’s national endowment, its geographic location and its existing socio-economic infrastructure offer a vastly different potential. The failure of its socio-economic and political leaders is the primary factor in the gap between the country’s potential and its actual performance. Closing this gap will require a great deal of systematic rethinking of the nation’s approach to socio-political governance together with a new framework for economic policy and business promotion.



  1. A stylised review of the South African economy
  2. Rethinking the economy’s future: balancing equity with sustainability
  3. Action plan for transition into a new economic structure


Recommended reading

Assa, Jacob. 2012. 'Financialization and its consequences: the OECD Experience'. Finance Research, Vol.1, No. 1January, 2012, pp.35-39.
Tomaskovic-Devey, Donald; Ken-Hou, Lin, Nathan Meyers, Meyers. 2015. 'Did financialization reduce economic growth?'. Socio-Economic Review, Volume 13, Issue 3, July 2015, pp. 525–548,



Date: Monday 6–Wednesday 8 January
Time: 5.00 pm 
COURSE FEES: Full R354 Staff & Students R177
Venue: LT1 Kramer Law Building UCT