Banker S.A. April 2014 | Page 18

A realistic view of South African democracy Twenty years following the first fully democratic election in South Africa, the country finds itself at an inflection point. “Poverty alleviation strategies have reached their maximum efficacy. The time has come to shift to poverty reduction strategies.” Writes economist Chris Hart 16 BANKER SA feature2.indd 16 Edition 9 2014/04/07 9:04 AM