Prof Charles Wait to unpack budget and recovery plan at free webinar

Want to know how the Reconstruction and Recovery Plan (RRP) affects the Medium-Term Budget policy statement? You can tune into a free webinar by the Department of Economics at the Nelson Mandela University (NMU) on Monday 2 November to find out.

The faculty of Business and Economic Sciences’ Department of Economics will be unpacking this week’s budget policies and government’s RRP released earlier this month.

The topic is: “The South African Economic Recovery Plan and the Medium-Term Budget Policy Statement, two weeks apart, are they synchronised?”

webinar budget and recovery plan

Prof Charles Wait to speak at budget webinar

Emeritus Professor Charles Wait is the main speaker at the online event.

“The proverbial person in the street is aware of the recession in the South African economy, exacerbated by the COVID-19 lockdown,” he said.

“Business closures, loss of income and high levels of unemployment, spilling over into poverty and deepening inequality are on everyone’s lips. Government, as agent of the South African population, is compelled, among others by the Constitution, to do something meaningful about the matter.”

Wait will outline how the recovery plan and medium-term budget, which this year also served as a second adjustment budget, are linked. He also will explain how the budget had a focus on allocating resources towards the RRP.

Sharing business knowledge

Webinar organiser Asanda Fotoyi, who is also an economics lecturer in the Faculty of Business and Economic Sciences, said the webinar will be for free to attend.

She hoped a wide audience would tune in between 2pm and 3pm on Monday, on the Microsoft Teams platform. Click here for webinar link.

“Webinars and other digital tools to share knowledge have been increasingly important in a year such as 2020,” Fotoyi said.

“Many students and some staff are back on campus. However blended and online learning still are taking precedence over the traditional models of face-to-face lecturing and public talks.”

Faculty of Business and Economic Sciences events

Fotoyo said there would be other related events organised by the Department of Economics in the Faculty of Business and Economic Sciences.

Wait has taught economics for over 46 years, published in highly accredited journals, written books and presented at conferences.

He also contributes the Economic Review column to the publication by the Nelson Mandela Bay Business Chamber.

From 1996 to 2000, he was the dean of the (then) Faculty of Economic Sciences and Building Disciplines and member of the university council, and also provost vice-chancellor.

Over the years, he has also been a member of selected panels and committees within and outside the university.

For more information, contact Asanda Fotoyi: asanda.fotoyi@mandela.ac.za

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Presh JM Reporter

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