CURRICULUM VITAE PROFESSOR VISHNU PADAYACHEE

Professor Extraordinaire Institute of Social and Economic Research Rhodes University, Grahamstown. 6140

July 2014

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CURRICULUM VITAE [A] NAME/ADDRESS Professor Mahavishnu Padayachee Aka Vishnu Padayachee Westville North, 3629 Durban KwaZulu-Natal Republic of South Africa Tel: 031- 260-1439 (Work) Cell: 082-4963574 Fax: 031-260-2359 e-mail: padayacheev2@ukzn.ac.za vishnu1.padayachee@gmail.com [B] CURRENT ACADEMIC APPOINTMENTS 1. Professor Extraordinaire, Institute of Social and Economic Research, Rhodes University, Grahamstown. 1 July 2012 to date. 2. Professor Emeritus, School of Built Environment and Development Studies, University of KwaZulu-Natal. 1 October 2012 to date. 3. University Fellow, University of KwaZulu-Natal. 1 January 2003 for life. Fellowships are life-time awards made (after nomination and selection) to those who have worked at the University for at least three years and have distinguished themselves in their academic work. Publications (or their equivalent) are taken as the main evidence of original academic work. 4. Fellow, Stellenbosch Institute for Advanced Study, Stellenbosch University. 2011, for life. 5. Non-resident Fellow, Kellogg College, Oxford University, UK. 2010, annually renewable. [C] PREVIOUS ACADEMIC APPOINTMENTS 1. Junior Lecturer and Lecturer, Department of Economics, University of Durban-Westville, 1 January 1977 - 30 June 1984. 2. Research Fellow, Institute for Social and Economic Research, University of Durban-Westville, 1 July 1984 - 31 December 1990. 3. Senior Research Fellow, Institute for Social and Economic Research, University of Durban-Westville, 1 Jan 1991 - 31 December 1992. 4. Associate Research Professor, Institute for Social and Economic Research, 1 January 1993 - 31 December 1994.

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5. Research Professor, Institute for Social and Economic Research, University of Durban-Westville, 1 January 1995 - 31 December 1996. 6. Special Assistant to the Vice-Chancellor, University of Durban-Westville, 1 April 1991 - 28 February 1993, (on secondment from ISER, UDW.) (In this position I had special responsibilities for co-ordinating joint-committees on transformation - democratisation, management and council restructuring, setting up of new committees -; crisis resolution; international relations, fund-raising and development, media liaison and senior academic staff recruitment.) 7. Research Professor, School of Development Studies, University of Natal, Durban. 1 January 1997 to 2001. 8. Senior Professor, School of Development Studies, University of Natal, later UKZN, from 1 January 2002- 30 June 2012 (previously titled Level 7 Professor). Promotion to this grade is considered for candidates who have an exceptional standing in their discipline and a continuing record of outstanding service, beyond the normal call of duty, to this University. 9. Interim Director, Centre for Civil Society, University of Natal, 1 January to 30 September 2004 . 10. Head, School of Development Studies, University of Natal, Durban, 1 January 2002 to 31 December 2004. 11. Head, School of Development Studies, University of KwaZulu-Natal, 1 January 2008-28 February 2011. [D] ACADEMIC QUALIFICATIONS 1. BComm [Accounting and Economics Majors], University of Durban-Westville, 1973, with distinctions in Economics 1 and 111; Accounting 111; Commercial and Mercantile Law 1 and 11; and Economic Development. 2. BComm [Honours], Economics [cum laude], University of Durban-Westville, Part-time, 1975, with distinctions in History of Economic Thought, Advanced Macroeconomic Theory, and Development Economics. 3. MComm [Economics], Faculty of Commerce, University of Durban-Westville, 1979. Title of dissertation: A Survey of Theories of Wage Determination and Wage Differentials with special reference to the wage structure of Indian employees in Municipal Durban. 4. PhD [Economic History/Economics], Faculty of Economics and Management, University of Natal [Durban], 1990. Title of dissertation: South Africa’s International Financial Relations, 1970-1989: History, Crisis and Transformation. Supervisor: Bill Freund. Examiners: John Loxley (York, Canada); Teddy Brett (Sussex, England); Merle Holden (Natal).

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[E] FELLOWSHIPS, EXTERNAL GRANTS AND HONOURS E1 Visiting Fellowships 1. Visiting Professor, Department of African Studies, The Paul H Nitze School of Advanced International Studies, The Johns Hopkins University, Washington DC, 1 January 1986 - 30 June 1986. 2. Visiting Research Fellow, Department of Social Science and Development, Chr Michelsen Institute, Bergen, Norway, 1 May - 31 July 1993. 3. Researcher and Steering Committee member, Macroeconomics Research Group, University of the Witwatersrand, July – December 1993. 4. Bye Fellow, Robinson College, and Academic Visitor, Judge Institute of Management Studies (Judge Business School), University of Cambridge, October-December 1995. 5. African Associate, Centre for African Studies, University of Cambridge, UK, 1 September 1996 to December 2009. 6. Associate Member, Department of Social Policy, University of Oxford, UK, 12 June 2002 to December 2005. 7. Member of the International Advisory Board of the Centre for Poverty and Development Studies, University of Malaya, Kuala Lumpur. October 2008 to date. E2 Grants Recipient of research, institutional and travelling grants from, among others, the Ford Foundation, United States-South Africa Leadership Exchange Programme, the Anglo-de Beers Chairman’s Fund, the British Council, The Charles Mott Foundation, the National Research Foundation, the Canon Collins Educational Trust for Southern Africa, The World Bank, The Human Science Research Council, The University of Durban-Westville Research Fund, The University of Natal Research Fund, Durban; The Maurice Webb Race Relations Trust; Toyota Motor Corporation. E3 Awards and Honours Selected for two consecutive years as one of the top 300 black decision-makers in South Africa. (See Financial Mail, Special Supplement, 2 November 2001 and October 2002). Elected a Member of the Institute of Directors of South Africa on 24 August 2012. (M.Inst.D) Inducted as a member of the Royal Society of South Africa on 24 October 2012. (M.RSSAf) [F] CURRENT RESEARCH PROJECTS Major research projects and papers being worked on currently: 1. Capitalism in post-apartheid South Africa.

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2. Inflation credibility and monetary policy in South Africa (with Prof Jannie Rossouw, UNISA and Ms Adele Bosch, SARB, and others) 3. Monetary policy controversies in South Africa in the inter-war years (with Bradley Bordiss, PhD student) 4. Macroeconomic policy issues in post-apartheid South Africa (with Ben Fine and others). 5. From ANC Claims (1943) to the RDP (1994) Recovering the economic and social policy thinking of the ANC and its allies. (book length manuscript in preparation, with Robbie van Niekerk, Rhodes, as co-editor) [G] PUBLICATIONS G1 Books and monographs. 1. Indian Workers and Trades Unions in Durban: 1930-50, [co-author, with Shahid Vawda and Paul Tichmann, University of Durban-Westville]. Published by the Institute for Social and Economic Research, Durban, 1985, 227p. (SAPSE-accredited) 2. Making Democracy Work: A Framework for Macroeconomic Policy in South Africa, [Member of a 4-person editorial team including Professors Laurence Harris, Ben Fine and John Sender, University of London]. Published under the name of the Democratic Movement of South Africa by the Centre for Development Studies (Cape Town), 1993, 330pp. 3. The Political Economy of South Africa's Transition: Policy Perspectives in the late 1990s, [co-editor and co-author with Jonathan Michie, Cambridge University]. Dryden Press/Harcourt Brace, London, UK, April 1997, 250pp. 4. (D)urban Vortex: a South African City in Transition, [co-editor and co-author, with Bill Freund, Economic History, University of Natal]. University of Natal Press, Pietermaritzburg. July 2002. 5. Blacks in whites: a century of cricket struggle in Natal [co-author] with Ashwin Desai, Krish Reddy and Goolam Vahed), University of Natal Press, Pietermaritzburg, December 2002. 485pp 6. The Development Decade?: Economic and Social Change in South Africa, 1994-2004. [editor], HSRC Press, Cape Town. April 2006. 470pp 7. The Political Economy of Africa [editor and co-author] Routledge. London and New York, 2010. 435pp

G2 Chapters in Books 1. Capital Accumulation, Control and the Construction of Urban Space: An Overview of some aspects of Urbanisation and Urban Space Construction in South Africa, 1870-1980, [co-author], in, The Struggle for Social and Economic Space: Urbanisation in Twentieth Century South Africa, Richard Haines and Gina Buijs [eds.], ISER Special Publication, 1985, pp.1-39. 2. The Politics of International Economic Relations: South Africa and the IMF, 1975 and beyond, in, After Apartheid: The Renewal of the South African Economy, John Suckling and Landeg White, [eds.], James Currey and Sons, London, 1988, pp.191-204.

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3. The Politics of South Africa's International Financial Relations, in, The Economic Crisis: Recent Economic Trends in South Africa, Stephen Gelb, [ed.], David Philip, Cape Town; and Zed Press, London, January 1991, pp.88-109. 4. The IMF and World Bank in post-apartheid South Africa: Prospects and Dangers, in Beyond Apartheid: Discussion Papers on a Democratic Development in South Africa, Proceedings of a Conference on post-apartheid South Africa. Published by the Centre for Development Research, Copenhagen, 1992, pp.247-279. 5. Banking, Credit and Capital in Colonial Natal: 1850-1910, pp 160-203, Chapter 5, [with Rob Morrell and Shahid Vawda], in, Local Suppliers of Credit in the Third World: 1745-1960, Gareth Austin and Kaoru Sugihara, [eds.], MacMillan, Basingstoke, England; and St Martins Press, New York, September 1993, pp.160-203. 6. Development Implications for South Africa of using IMF and World Bank Loans and Resources, in, South Africa and the World Economy in the 1990s, Pauline Baker, Alex Boraine and Warren Krakchik [eds.] David Phillip, Cape Town; and the Brookings Institution, Washington DC, September 1993, pp.184-211. 7. Regional Development in the post-Cold War Era, [with Enver Motala], in, Prospects for Progress: Critical Choices for Southern Africa, Minnie Venter [ed.] Maskew Miller Longman, Cape Town, 1994, pp.72-83. 8. The IMF and Democratisation in post-apartheid South Africa, in, The Political Economy of South Africa's Relations with the International Monetary Fund and the World Bank, Anthony Leysens [ed.], University of Stellenbosch and the Konrad-Adenauer-Foundation, Cape Town, 1994. 9. Afterword, (The Making of Economic Policy in South Africa), in, Building a New South Africa: Vol 1, Economic Policy, Marc van Ameringen [ed.], IDRC, Ottawa, 1995, pp.51-78. 10. The International Monetary Fund and the World Bank in post-apartheid South Africa, in, Reconstruction, Development and People,, JK Coetzee and J Graaff [eds.], International Thompson, Halfway House, 1996, pp.353-375. 11. South Africa's Transition - The Policy Agenda, [with Jonathan Michie], in, The Political Economy of South Africa's Transition - Policy Perspectives in the late 1990s, Jonathan Michie and Vishnu Padayachee [eds.], The Dryden Press/Harcourt Brace, London, 1997, pp.9-26. 12. The Evolution of South Africa's International Financial Relations and Policy: 1985-95, in, The Political Economy of South Africa's Transition - Policy Perspectives in the late 1990s, Jonathan Michie and Vishnu Padayachee [eds.], The Dryden Press/Harcourt Brace, London, 1997, pp.27-54. 13. The South African Policy Debate Resumes, [with Jonathan Michie], in, The Political Economy of South Africa's Transition - Policy Perspectives in the late 1990s, Jonathan Michie and Vishnu Padayachee [eds.], The Dryden Press/Harcourt Brace, London, 1997, pp.223-234. 14. Making Economic Policy in South Africa's Transition to Democracy, in Czech Republic and South Africa Compared, Peter Skalnik (ed.) SetOut Press, Prague, 1999, pp. 61-87. 15. South Africa: economic transition from apartheid, (1000 words), in "Reader's Guide to the Social Sciences" (Jonathan Michie, ed.), Fitzroy Dearborn (London and Chicago). September 2000. 16. South Africa: political transition from apartheid [with Adam Habib], (1000 words), in "Reader's Guide to the Social Sciences" (Jonathan Michie, ed.), Fitzroy Dearborn (London and Chicago). September 2000.

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17. South Africa: progressive economists in the transition to democracy, (1000 words), in "Reader's Guide to the Social Sciences" (Jonathan Michie, ed.), Fitzroy Dearborn (London and Chicago). September 2000. 18. A Sustainable Growth Path?, [with Ben Fine], in, South African Review 8, Steven Friedman. (ed.), HSRC Publications, Johannesburg. December 2000. 19. A Sustainable Macroeconomic Growth Path for South Africa? (with Ben Fine), in Development in Transition: Theory, Policy and Practice, Jan K Coetzee, Johan Graaff, Fred Hendricks, and Geoffrey Wood (eds.) Oxford University Press, Cape Town. 2001. 20. South Africa: A Third Way in the Third World? (with Jonathan Michie), in The Economics of Third Way, Philip Arestis and Malcolm Sawyer (eds.) Edward Elgar, London. 2001. 21. Developing South-South links? Malaysian investment in post-apartheid South Africa. (with Imraan Valodia), in The Ugly Malaysians: South-South Investment Abused, KS Jomo (ed.), Institute for Black Research, Kuala Lampur. 2002. 22. Durban- structures from the past, pressures in the present, prospects in the future [with Bill Freund], in (D)urban Vortex, South African City in Transition’, Bill Freund and Vishnu Padayachee (eds.). University of Natal Press, Pietermaritzburg. 2002. 23. Financing Durban’s Development, in (D)urban Vortex, South African City in Transition, Bill Freund and Vishnu Padayachee (eds.). University of Natal Press, Pietermaritzburg. 2002. 24. Capital, the state and globalization: South African conglomerates at the end of the 19th and 20th centuries, in Globalization and its Discontents, Revisited, in KS Jomo and KJ Khoo (eds.) Tulika (New Delhi), 2003. 25. Development discourses in post-apartheid South Africa, in The Development Decade? Economic and Social Change in South Africa, 1994-2004. [Vishnu Padayachee, editor], HSRC Press, Cape Town. April 2006. 26. Empire, Race and Indian Cricket in Natal, 1880-1914, (with Goolam Vahed), in Cricket, Society, Empire and War in South Africa, 1884-1912.. Goolam Vahed and Bruce Murray (Editors), UNISA Press, 2009. 27. Ideas and power: academic economists and the making of economic policy (with Graham Sherbutt), in The Poverty of Ideas (William Gumede and Sandile Dikeni, eds.). Jacana. 2009. 28. Between black and white: a case study of the KwaZulu-Natal Cricket Union. (with Goolam Vahed and Ashwin Desai) in The Race to Transform: sport in post-apartheid South Africa.(Ashwin Desai, ed.) HSRC Publication. 2010. 29. Introducing the African Economy, (with Keith Hart), in The Political Economy of Africa. (Vishnu Padayachee, ed.) Routledge UK, London. 2010. 30. South Africa in Africa: from national capitalism to regional integration (with Keith Hart), in The Political Economy of Africa. (Vishnu Padayachee, ed.) Routledge UK, London. 2010.

31. Development (with Keith Hart). The Human Economy: a world citizen’s guide. Cambridge: Polity Press, UK. Keith Hart, Jean-Louis Laville and Antonio David Cattani (editors). 2010.

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32. Economy, in South Africa Today. Iceland. 2010. 33. Central Banking after the crisis, the South African case, in Haroon Bhorat, Ravi Kanbur et al. The Oxford Companion to South African Economics, forthcoming 2014. 34. The Political Economy of Restructuring South Africa, (with Sam Ashman, Ben Fine and John Sender), in Haroon Bhorat, Ravi Kanbur et al, The Oxford Companion to South African Economics. forthcoming 2014.

G3 Journal Articles (* =Refereed/accredited journals, Sapse, ISI or IBSS) 1. The Determinants of Wages and Wage Differentials among Indians in the Durban Municipal Area, Journal of the University of Durban-Westville, Vol 4, No 2, 1983. *2. A Comparative Study of the Economic Status of Muslim and Non-Muslim Indians in the Durban Municipal Area, Journal of the Institute of Muslim Minority Affairs, (Jeddah, Saudi Arabia) Vol 5, No 1, 1984. 3. Unemployment in South Africa: Trends, Causes and Cures [with Trevor Bell], Carnegie Conference Paper No 119, SALDRU, University of Cape Town, 1984. *4. Unemployment in South Africa, [with Trevor Bell], Development-Southern Africa, Vol 3/4, 1984. 5. Workers, Unions and Politics: The Falkirk Dispute of 1937, [with Shahid Vawda and Paul Tichmann], Journal of the University of Durban-Westville, New Series No 2, 1985. 6. Trades Unions and the Communist Party in Durban in the 1940s, [with Shahid Vawda and Paul Tichmann], The South African Labour Bulletin, Vol 11, No 7, August 1986. *7. Apartheid and the International Monetary Fund, Transformation, 3, 1987. *8. Private International Banks, the Debt Crisis and the Apartheid State, African Affairs, The Journal of the Royal African Society (London) Vol 87, No 348, July 1988. *9. State Reform Policy in South Africa, [with Mike Morris], Transformation, 7, 1988. *10. Hegemonic Projects, Accumulation Strategies and State Reform Policy in South Africa [with Mike Morris], in Labour, Capital and Society, (Montreal) Vol 22, No 1, April 1989. *11. Indian Merchants and Dukawallahs in the Natal Economy: c1875-1914, [with Rob Morrell], Journal of Southern African Studies (London) Vol 17, No 1, 1991. 12. Fighting Fire with Fire: Ethnicity, the NIC and the Struggle for Non-racialism, [with Ashwin Desai], Work in Progress, 75, June 1991. 13. Beg and Choose: South Africa, the IMF and World Bank, New Era, Vol 6 No 4, Summer 1991. *14. Dealing with the IMF: Dangers and Opportunities, South African Labour Bulletin, Vol 18, No 1, Jan/Feb.1994.

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15. Can the RDP survive the IMF? Southern African Report, (Toronto) Vol 9, No 5 July 1994. *16. The RDP White Paper: Reconstruction of a Development Vision, [with Asghar Adelzadeh], Transformation, 25, 1994. *17. Debt, Development and Democracy: The IMF in post-apartheid South Africa, Review of African Political Economy, (Sheffield), Vol 62, December 1994. *18. Foreign Capital and Economic Development in South Africa: Recent Trends and Post-apartheid Prospects, World Development, (Washington DC) No.178, Vol 23, No 2, February 1995. *19. Macroeconomic and Labour Market Policies for Employment Generation in South Africa, [with Harry Zarenda], Metroeconomica: International Review of Economics (Rome), Vol 47, No 2, 1996. (Cited in the International Bibliography of Economics, Vol XLV, 1996, p.1653.) *20. The Development of a Working Class: South African Mining, A Review Article based on VL Allen's 'The History of Black Mineworkers in South Africa, Vol 1', International Review of Applied Economics (London), Vol 10, No 2, 1996. *21. The State of the Market, A Review Article based on Amitava Dutt, Kwan S Kim and Ajit Singh's 'The State, Markets and Development: Beyond the neo-classical Dichotomy, International Review of Applied Economics, (London), Vol 10, No 3 1996. *22. The State and Economic Transformation, A Review Article based on Ha-Joon Chang and Robert Rowthorn’s ‘The Role of the State in Economic Change’, International Review of Applied Economics, (London), Vol 11, No 3 1997. #23. Malaysian Money: Sustainable Investments? [with Imraan Valodia], Indicator South Africa, Vol 14, No 2, 1997. *#24. Malaysian Money: Sustainable Investments?,[with Imraan Valodia], The Economic and Political Weekly, (New Delhi, India), September 19, 1998. *25. Post-apartheid South Africa: The Key Patterns Emerge [with Bill Freund]. The Economic and Political Weekly, (New Delhi, India), Vol XXX111, No 20, May 16 1998. *26. Convergence and Divergence in Europe and South Africa, [with Mark Hunter], A Review Article based on Christel Lane’s ‘Industry and Society in Europe: Stability and Change in Britain, Germany and France’, Society in Transition, Vol 29, Nos 1-2 1998. *27. Three Years after Apartheid: Growth, Employment and Redistribution, [with Jonathan Michie], The Cambridge Journal of Economics, (Cambridge, UK), Vol 22, No 5, September 1998. *28. Progressive Academic Economists and the Challenge of Development in South Africa’s Decade of Liberation, Review of African Political Economy, (Sheffield, UK) Vol 25 No 77, September 1998. #29. Less Ideology, More Commonsense: Financial Globalisation and the Currency Crisis, Indicator, South Africa, Vol 15 No 3, 1998.

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*#30. Less Ideology, More Commonsense: Financial Globalisation and the Currency Crisis, Economic and Political Weekly (New Delhi, India), Vol XXX111, No 46, 14 November 1998. *31. South Africa, Economics and Postcolonialism, Interventions: The International Journal of Postcolonial Studies, (Nottingham, UK) , Vol 1, No 1, 1998. *32. ‘The State in a Changing World’: Plus ca Change?, Reflections from the South on the World Bank’s 1997 World Development Report [with William Munro, Francie Lund and Imraan Valodia], Journal of International Development , (London), Vol 11, No 1, 1999. *33. Struggle, Collaboration and Democracy: The 'Indian Community' in South Africa, 1860-1999, Economic and Political Weekly (New Delhi, India), Vol XXX1V, No 7, 13 February 1999. *34. Malaysian Investment in South Africa: South-South Relations in a Globalising Environment? [with Imraan Valodia], Journal of Contemporary African Studies, Vol 17, No 2, 1999. *35. Indian Workers and Worker Action in Durban, 1930-50 [with Shahid Vawda], South African Historical Journal. No 40, May 1999. *36. South Africa: Reflections on post-Mandela era, [with Imraan Valodia and Thokozani Xaba], Economic and Political Weekly, (New Delhi, India) Vol XXXIV, No 32, 1999. 37. South Africa's Second Democratic Elections: Reflections on the post-Mandela era, [with Imraan Valodia and Thokozani Xaba], Indicator South Africa, Vol 16, No 3, 1999. *38. Afrique du Sud: pouvoir, politique et strategie economique dans la transition democratique, [with Adam Habib], Revue Tiers Monde (Paris), No 159, July-Sept, 1999. *39. Economic Policy and Power Relations in South Africa's Transition to Democracy, [with Adam Habib], World Development, (Washington DC). Vol 28, No 2, February 2000 (cited in the International Political Science Abstracts, 2000). *40. Financing Regional Development: The Role of South African Financial Institutions (with Jens Erik Torp], Transformation, No 41, 2000. *41. The 2000/01 Budget: new directions in economic policy? (with Terry Smith and Imraan Valodia), Economic and Political Weekly, (New Delhi, India) Vol XXXV, No 16, April 15-21, 2000. *42. Indian business in South Africa after apartheid: old and new trajectories (with Keith Hart, UK), Comparative Studies in Society and History (Michigan, USA), Vol 42, No 4, 2000. *43. Independence in an era of globalisation: central banking in developing countries. A review article based on Sylvia Maxfield’s “The International Political Economy of Central Banking in Developing Countries”; and Maxwell Fry, Charles Goodhart and Alvaro Almeida’s “Central Banking in Developing Countries”. International Review of Applied Economics (London). Vol 14, No 4, 2000. *44. Central Bank transformation in a globalised world: The Reserve Bank in post-apartheid South Africa, Journal of International Development. Vol 13 No 6, August 2001. *45. Changing Gear: The 2001 budget and economic policy in South Africa (with Imraan Valodia). Transformation, No.46, 2001.

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46. Economic reform, markets, and poverty reduction in post-apartheid South Africa (with Julian May and Michael Carter). South African Labour Bulletin, Vol. 28, No. 2, April 2004. *47. Managing Transformation in the Global Age: The Story of Cricket in KwaZulu-Natal. (with Goolam Vahed and Ashwin Desai). Patterns of Prejudice (London), Vol 38, No 3, 2004. *48. The State of the South African Economy, 1994-2004. Social Research. (New York) Vol 72, No 3, 2005. *49. Living in Cloud Cuckoo-land: Politics and cricket in white South Africa. Transformation 59, 2005. *50. Beyond apartheid: race, transformation and governance in KwaZulu-Natal cricket. ( with Goolam Vahed and Ashwin Desai). Transformation 61,2006. *51. African Integration and Civil Society: the case of the African Union. (with Mammo Muchie and Adam Habib). Transformation, 61, 2006. *52. A Survey of Inflation Credibility among University of Pretoria students (with Jannie Rossouw, SARB). South African Journal of Economic and Management Science. #10, April 2007.

*53. South African price changes and inflation since 1974: a note on the testing of inflation accuracy. (with Jannie Rossouw, SARB). South African Journal of Economic and Management Sciences. Vol 11 (2) 2008. 54. Inflation credibility barometers: evidence from a survey of employees of the South African Reserve Bank. (with Jannie Rossouw and Johan Fourie, both SARB). Central Banking Vol XIX No 2, (London). November 2008. *55. Capitalism of a special type? South African capitalism before and after 1994. Journal fur Entwicklungspolitik (Austrian Journal of Development Studies). Vienna. Vol 24, No 4. December 2008. *56. Development Studies in the future: a South African perspective. European Journal of Development Research. (London). Vol 21 (1) February 2009. *57. Measuring inflation credibility: results of a first representative South African sample. (with Jannie Rossouw, SARB). South African Journal of Economics. Vol 77 #2 June 2009. *58. Links or disconnect? A first consideration of inflation expectations and inflation credibility, with specific reference to South Africa. (with Jannie Rossouw and Adel Bosch, both SARB). South African Journal of Economics and Management Sciences. Vol 12 (4) 2009. 59. Global economic recession: effects and implications for South Africa at a time of political challenges. Claves de la Economia Mundial (Madrid). 2010. *60. Re-introducing the minerals-energy complex. Transformation 71. 2010. *61. Vergoedingsneigings in die openbare sector te midde van volgehoue inflasie: ‘n ekonomiese perspektief. (Remuneration trends in the public sector during sustained inflation: an economic perspective. (met/with Jannie Rossouw) Tydskrif vir Geesteswetenskappe/Journal of Humanities (Suid Afrikaanse Akademie vir Wetensap en Kuns). Vol 50 #2 June 2010.

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62. Surveying inflation credibility (with Jannie Rossouw, and Fanie Joubert, UNISA). Central Banking (London). Vol XX, No 4. May 2010. *63. A comparison of inflation expectations and inflation credibility in South Africa: results from survey data, with Jannie Rossouw (SARB) and Adele Bosch (SARB). South African Journal of Economics and Management Sciences., Vol 14 No 3 2011. *64. Reflecting on ninety years of intermittent success: The experience of the South African Reserve Bank with inflation since 1921. with Dr Jannie Rossouw (SARB). Economic History of Developing Regions, special issue on the occasion of the 90th anniversary of the South African Reserve Bank. July 2011. *65. “A superior practical man”, Sir Henry Strakosch, the Gold Standard and monetary policy debates in South Africa, 1920-23. with Bradley Bordiss. Economic History of Developing Regions, special issue on the occasion of the 90th anniversary of the South African Reserve Bank. July 2011. *66. Ideas and Power: Academic Economists and the making of economic policy: the South African experience in comparative perspective (1985-2007). (with Graham Sherbutt). Cahiers d’etudes Africaines. (Paris). Special issue, Vols (2-3), September 2011. *67. An international comparision of inflation credibility surveys. South African Journal of Economics and Management Sciences. (with Jannie Rossouw and Fanie Joubert , both UNISA). July 2013. *68. Lost and Found: The South African transition through a Stellenbosch lens. Review article, in International Review of Applied Economics, London. 2013. *69. Barbaric gold and civilised banking: Keynes’ “Indian Currency and Finance”. A view from the South after 100 years. (with Bradley Bordiss). Review article in International Review of Applied Economics. London. 2013. *70. Introducing varieties of capitalism into the South African debate: uses and limits, in “Capitalism of a Special type” South African capitalism before and after apartheid. Transformation 81/2, July 2013. *71. A history of South African capitalism in national and global perspective (with Keith Hart), in “Capitalism of a Special type” South African capitalism before and after apartheid”. Transformation 81/2, July 2013. *72. Corporate governance in South Africa: from ‘Old Boys Club’ to Ubuntu? In “Capitalism of a Special type” South African capitalism before and after apartheid”. Transformation 81/2, July 2013. *73. After apartheid and Mandela: South Africa’s 2014 elections. Economic and Political Weekly. Vol xlix No 24, 14 June 2104.

G4 Articles under review or in preparation: 1. A selected history of South African inflation perceptions: the question matters (with Jannie Rossouw and Adel Bosch). Under review by Studies in Economics and Econometrics. (Stellenbosch)

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2. Inflation expectations and inflation credibility in South Africa: Are the results comparable? (with Adel Bosch SARB, and, Jannie Rossouw, UNISA). Under review by South African Business Review. (UNISA)

3. Central banks and fractional reserve banking: the case against conspiracy theories. Under review by African Review of Economics and Finance (Rhodes)

4. Shifting financial power from London to New York? Gerhard Vissering and Edwin Kemmerer in South Africa, 1924-25. (with Bradley Bordiss, in preparation)

G5(Short) Book Reviews *1. A Review of S Bhana and B Pachai, 'Indian South Africans', International Journal of African Historical Studies (New Haven) Vol 19, No 1, 1986. *2. A Review of M Swan's 'Gandhi: The South African Experience', International Journal of African Historical Studies (New Haven) Vol 20, No 1, 1987. *3. A Review of M Marqusee’s ‘Anyone but England: Cricket and the National Malaise’, Transformation 33, 1997. 4. 'The African Gandhi': A Review of JM Brown and Martin Prozesky's 'Gandhi and South Africa, Principles and Politics, in The Book Review of India, (New Delhi) Vol 20, No 10, October 1996 *5. A Review of Glen Adler and Eddie Webster (eds.) ‘Trade Unions and Democratization in South Africa, 1985-1997’, in International Labor and Working Class History ( New York. No.59, Spring 2001.). 6. A Review of Theunissen, JJ and Akkerman A (eds.): ‘Africa and the World Economy, national, regional and international challenges’. Journal of Development Perspectives. Vol 2:2 December 2006. 7. A Review of Uwe Becker (ed.) ‘The BRICS and emerging economies in comparative perspective: political economy, liberalisation and institutional change’. Transformation, 86, December 2014. G6 Research Reports, and Occasional and Discussion Papers 1. The Income and Employment Structure of Indians in the Durban Municipal Area, ISER Research Report No 9, 1980, 120p. 2. An Analysis of Some Aspects of Employment and Unemployment in the African Townships of Umlazi and Lamontville, ISER Occasional Paper No 14, 1985, 49p. 3. Apartheid and the International Economic System: South Africa's Relations with the International Monetary Fund, 1970-1985, ISER Occasional Paper No 21, August 1987, 36p. 4. The IMF and World Bank in post-apartheid South Africa: Prospects and Dangers. Economic Trends Research Group, Working Paper Series No 6, 1991, 34p.

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5. South Africa’s Re-entry into the Global Economy: A Review and Critique of post-1990 strategies of Re-integration, CSDS Working Paper, No. 14, 1997, 26p. 6. Financing Durban's Development:, 1970-98. CSDS Working Paper, No.26, 2000, 38p. 7. Lessons for PRSP from Poverty Reduction Strategies in South Africa. (with Nina Hunter and Julian May). CSDS Working Paper, No 39, 2004, 59 p. 8. Testing inflation credibility: South African inflation and price changes since 1921. With Jannie Roussow (SARB). South African Reserve Bank Discussion Paper, October 2006. 9. Inflation Credibility barometers: Evidence from a survey of University of Pretoria students. With Jannie Roussow (SARB). South African Reserve Bank Discussion Paper, November 2006. 10. An analysis of inflation from a central banking perspective: The South African experience since 1921. CSDS working paper No 50, 2008. 11. Ideas and power: academic economists and the making of economic policy (with Graham Sherbutt). SDS working paper, No 43. 2008. 12. Inflation accuracy during periods of subdued and accelerating inflation: comparing the South African experiences of 2004 to 2006, and 2006 to 2008. (with Jannie Rossouw, SARB). South African Reserve Bank Discussion Paper, #1, January 2009. 13. Inflation credibility surveys in inflation targeting countries: any lessons? (with Jannie Rossouw, SARB and Fanie Joubert, UNISA). SDS working paper No.55, November 2009. 14. A comparison of inflation expectations and inflation credibility in South Africa: results from survey data. (with Jannie Rossouw and Adel Bosch, SARB). ERSA Working Paper. No 173. 2010. 15. Representative Inflation credibility surveys since 2006: what do the results tell us? (with Jannie Rossouw). SDS Working paper No 59, October 2011. G7. Guest editorships: 1. Special co-editor of the journal Transformation on “African Integration and Civil Society. 61, 2006. 2. Editor of the special section of the journal Transformation on the Minerals Energy Complex. 63, 2010 3. Co-editor of the journal Economic History of Developing Regions to commemorate the 90th anniversary of the South African Reserve Bank, Vol 26, Supplement 1, 2011. 4. Special editor: Capitalism of a special type: South African capitalism before and after 1994. [special issue editor and co-author] Special double issue of the journal, Transformation 81/2. July 2013. G8. Publications in finance and economics newspapers 1. Banking truths not as exciting as theories of intrigue. (with Jannie Rossouw). Business Day, 24 June 2014.

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[H] CONFERENCES AND INVITED SEMINARS Over 50 papers presented at specialist academic and policy conferences, seminars and workshops in South Africa and internationally, including in Washington DC, Baltimore, York (UK), Harare, London, Cambridge, Copenhagen, Bergen, Oslo, Stockholm. In addition numerous papers on economic policy issues presented to academic audiences, trade unions, NGOs, government and business at seminars and workshops in Cape Town, Johannesburg and Durban. NB: Only selected major conferences are listed below: 1. The South African Economy after Apartheid. Organisers: The Centre for Southern African Studies, York University, UK. Venue: York University, York, UK. Dates: 30 September-2 October 1986. Paper: The Politics of International Economic Relations: South Africa and the International Monetary Fund, 1975 and Beyond. 2. Twelfth Biennial Conference, South African Historical Society Organisers: South African Historical Society. Venue: University of Natal, Pietermaritzburg. Paper: Banking, Credit and Capital in Colonial Natal (with Rob Morrell and Shahid Vawda). 3. The Future of post-apartheid South Africa. Organisers: The Centre for Development Research, Copenhagen, Denmark. Venue: University of Copenhagen, Copenhagen, Denmark. Dates: 21-23 February 1991. Paper: The IMF and World Bank in post-apartheid South Africa, Prospects and dangers. 4. Re-entry into the Global Economy: Nicaragua, South Africa and Vietnam. Organisers: The Institute for International Studies, University of California, Berkeley. Venue: Marconi Center, Point Reyes, California, USA. Dates: 20-23 April 1996. Paper: South Africa's Re-entry into the Global Economy. 5. International Conference on ‘The City of Durban Project’. Organsiers: The Department of Economic History, University of Natal, Durban. Venue: Innovation Centre, University of Natal, Durban. Dates: 9-11 July 1998 Paper: Financing Durban’s Development 1970-1998. 6. International Conference on ‘Economics of the Third Way’. Organisers: Malcolm Sawyer (University of Leeds) and Philip Arestis (South Bank University). Venue: University of East London, Barking Campus, UK. Dates: 25/26 May 2000 Paper: South Africa, Third Way in the Third World? 7. World Economic Forum, Southern African Economic Summit 2000. Organisers: World Economic Forum (Top 1000 global companies) and SADC.

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Venue: International Convention Centre, Durban. Dates: 21-23 June 2000. Session rapporteur for “Actions for Financial Services and Financial Markets to Sharpen the Region’s Competitiveness”. 8. World Economic Forum, Southern African Economic Summit 2001. Organisers: World Economic Forum (Top 1000 global companies) and SADC. Venue: International Convention Centre, Durban. Dates: 6-8 June 2001. Moderator/Chair: Positioning Labour in Southern Africa’s Private-Public Partnership. 9. Globalisation and its Discontents, revisited. Organisers: Sephis (South-South exchange programme on the History of Development). Venue: Hilton Petaling Jaya, Kuala Lumpur, Malaysia. Dates: 14-16 June 2002. Paper: Capital, the State and Globalisation, South African conglomerates at the end of the 19th and 20th centuries. 10. Civil Society and African Integration “Grand Finale” Conference. Organisers: UKZN, Africa Institute. Venue: VIP Hotel, Maputo. Dates: 26-28 August 2004. Paper: Conceptualising Civil Society and African Integration (with Adam Habib and Mammo Muchie) 10. Capitalism of a special type? 10.1 University of Birmingham Business School, Birmingham, 16 October 2006 10.2 Tata Institute for Social Sciences, Bombay 5th September 2007. 11. African Development: new challenges and opportunities. Organisers: The Centre for Poverty and Development Studies University of Malaya, KL. 21 April 2010. 12. ID20: 20th anniversary conference of the Department of International Development, LSE. Organisers: London School of Economics, LSE, 7-10 September 2011. Chair: Plenary session: Responding to the economic crisis, papers by Dr Justin Lin (Chief Economist, World Bank), Professors Michael Lipton (Sussex) and Robert Wade (LSE). (day 2) (and) Paper presented: The Impact of the global economic recession on South Africa. 13. The Human economy: economy and democracy. 2013 International conference. University of Pretoria. Organisers: The Human economy Project. University of Pretoria, 22-25 August 2013. Paper: Deepening democracy and accountability in central bank activity, the Reserve Bank in post-apartheid South Africa. 14. Economics Society of South Africa Annual conference. Organisers: ESSA University of the Free State, Bloemfontein September 2013. Paper: A selected history of South African inflation perceptions: the question matters. (joint paper presented by Professor Jannie Rossouw and Adele Bosch).

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[Ia] TEACHING EXPERIENCE, UDW 1977: Economics 1 [Introductory Macroeconomics] Economics Honours [Advanced Theory of Value and Distribution]. 1978-84: Economics 1 [Introductory Macroeconomics] Economics Honours [Advanced Theory of Value and Distribution) Economics Honours (Development Economics] Economics 111 [Economics Structure and Change in South Africa] Economics for Management [in the Graduate School of Business] 1990-94: Lectures and seminars to: Sociology Honours (Finance and Development) 1994-96: Seminar/lectures for: Social Policy, course work Masters: Macroeconomics for Development (1st year) Globalisation and Social Change (2nd year): Convenor [Ib] TEACHING EXPERIENCE, UND/UKZN 1. 1983: Business Administration 111 [International Aspects of Development], as part-time lecturer. 2. 1995-to date: Lectures and seminars for Development Studies, Coursework Masters, University of Natal, Durban. • South African Development Problems and Policies, 1995-1997. Selected seminars. • Comparative Development Problems and Policies, 1995-1998. Selected seminars. • Comparative Development Problems and Policies, 2002 to 2008 (principal lecturer and course co-

ordinator). • Economics of Development 1, selected seminars, 1997-2007. • Economics of Development 2, 2004. Selected seminars. • States, Institutions and Development, 1999-2001. • Programme Director, MA Course in Development Studies, March-July 1999. • South African Development Problems and Policies (principal lecturer and course co-ordinator, 2009 and

2010-)

3. PhD Co-ordinator in the School of Development Studies, and Chair, PhD Forum (1997-2001). [Ic] OTHER TEACHING EXPERIENCE

1. The Political Economy of South Africa, a (full) Masters course developed for and taught in the School for Advanced International Studies (SAIS), 1986. The Johns Hopkins University, Washington DC.

2. The Development of capitalism in South Africa. Developed and taught an Honours/Masters level course in the Department of Economics, Rhodes University, April/May 2013-to date.

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[J] GRADUATE SUPERVISION PhDs and Research Masters (completed and current): (* indicates current registration.) 1 Candidate: Adam Habib. South African Supervisor, PhD thesis in the Department of Political Studies, City University of New York, 1994/5. And member of the Defense Committee, New York, 12 December 1997. Graduated 1998. 2. Candidate: Aman Maharaj. PhD. UKZN. Graduated 2003. 3. Candidate: Julian May. PhD. UKZN. Graduated 2008. 4. Candidate: Jannie Roussouw. PhD. UKZN. Graduated 2008. 5. Candidate: Showers Mowowa (co-supervisor). 2009-2012. PhD. UKZN. Graduated 2014. 6. Candidate: Bradley Bordiss: Full Research Masters: Graduated 2014. *7. Candidate: Niki Cattaneo: PhD, Department of Economics, Rhodes University. Proposal in progress. 2014. *8. Candidate: Bradley Bordiss: PhD, School of Economics, University of the Witwatersrand. Proposal in progress. 2014 Course work Masters: 1. Supervisor of over 50 course-work based Masters dissertations in the School of Development Studies (1997-to June 2012). *2. Candidate: Pamela Tanyanyiwa: (Research Masters 50%) Department of Economics. Rhodes University, 2013/4. [K] OTHER RELEVANT ACADEMICALLY-RELATED AND UNIVERSITY COMMITTEE WORK K1 Journal Editorial Committees 1. Member of the Editorial Advisory Board of World Development, January 2001 to date. 2. Member of the Editorial Board of the Journal of Contemporary African Studies, November 1991-to date. 3. Associate Editor and then Editor of the (Sapse-accredited) journal Transformation: Critical Perspectives on Southern Africa, January 1987-December 1998. Corresponding editor 1998-2011. Editor Jan 2012 to date.. 4. Member of the Editorial Committee of Indicator South Africa, (publishers of two quarterly journals, Indicator South Africa, and Crime and Conflict), May 1997-to October 1999; member of the Management Committee of Indicator South Africa, January 1999-to October 1999.

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5. Regional Editorial Board Member of Interventions: International Journal of Post-colonial Studies, Routledge, UK, January 1998- June 2009. 6. Adviser to a Reader’s Guide to Social Sciences, Jonathan Michie (ed.) to be published in two (800 page each) volumes by Fitzroy Dearborn (London and Chicago) in 2001 7. Academic referee or reader for a number of accredited international journals (including World Development, the Cambridge Journal of Economics, Comparative Studies in Society and History). I have also acted as a reviewer for major book publishers such as the University of Natal Press, and James Currey/International Africa Institute. K2 Conference Organising Committees 1. Local Organiser of the 1981 conference of the Economic Society of South Africa, held at University of Durban-Westville, September 1981. 2. Local Organiser of the 1988 conference of the Association for Sociology in South Africa, held at the University of Durban-Westville, July 1988. 3. Joint Organiser (as editor of the journal Transformation) of the International Conference on Research and Transformation of South African Society, 31 Jan-2 Feb 1992, University of Natal, Durban. 4. Member of the Organising Committee of the 1992 UDUSA National Conference on 'Universities in Transformation', held at the University of Durban-Westville, July 1992. 5. Co-organiser of the International Conference on the ‘City of Durban Project’, held at the University of Natal, Durban, 9-11 July 1998. 6. Co-chair of the organising committee of the School of Development Studies Conference on 10 years of Development and Democracy in South Africa, ICC, Durban, October 2004. K3 University Committees, UDW 1. Member of the Council Sub-committee investigating the Democratisation of the Council of UDW, October 1990 - April 1991. 2. Member of Senate of the University of Durban-Westville, 1 January 1993- 31 December 1996. 3. Member of the UDW-Council Committee on 'Racism, Sexism, Sectarianism and Political, and other forms, of Intimidation. August 1992 -August 1993. 4. Senate representative on the Board of the Macro-education Policy Unit, Faculty of Education, UDW, February 1993-February 1995. K4 University Committees, UN/UKZN/RHODES

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1. Member of the Senate of the University of Natal, January 1997-December 1999; and January 2002 to date. 2. Member of the Research Committee of the Faculty of Community and Development Disciplines, January 1999 to December 2001. 3. Member of the Management and Staff Development Committees of the Faculty of Community and Development Disciplines, January 2002 to date. 4. Observer member of the University Research Committee, 1998/9. 5. Member of the University of Natal’s Working Group on the Reconfiguration of the Regional Tertiary Education Landscape, October 2001 to May 2002. 6. Member of the University (of Natal) Book Prize Committee, 2002. 7. Convenor: Economic Development Strategic Initiative, 2002 to 2008. 8. Member of the MANCO and Advisory Board of the Centre for Civil Society, January 2002 to 31 December 2004. 9. Elected academic staff member of the Founding Council of the University of KwaZulu-Natal, July 2004 to 2006 (and member of the Council Finance Committee). 11. Member of Senate, Faculty Board, and various Faculty sub-committees, 2008- to 2012.

12. Member of the Governing Board of the Institute for Social and Economic Research, Rhodes July 2012-

to date.

13. Member of the Governing Board of the Neil Aggett Labour Studies Unit, Rhodes. July 2013-to date. K5 Staff Association work 1. Secretary/Treasurer of the Academic Staff Association of the University of Durban-Westville, 1979-81. 2. Member of the Executive Committee of the Combined Staff Association [COMSA] of the University of Durban-Westville, 1987-1988; and again September 1990-April 1991. 3. Chair: Transformation Sub-committee of COMSA, University of Durban-Westville, September 1990-April 1991. K6 Membership of Non-University Committees 1. Member of the Economic Trends Research Group, commissioned by COSATU to undertake a study of the economic crisis in South Africa and of economic policies for a post-Apartheid South Africa, 1987-1992.

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2. Member of the Economics Co-ordination Committee of the Natal Town and Regional Planning Commission, 1984-8. 3. Associate member of the Association for Sociology in South Africa, 1984-92. 4. Member of the Committee of support for the establishment of the Kwa Muhle Museum at 132 Ordinance Rd, Durban. (Co-author of proposal to the Durban City Council, September 1991.) The other members of the Committee were (the late) Prof Colin Webb, Dr Iain Edwards, Dr Paulus Zulu, Mr Dennis Claude (all University of Natal), and Ms Gillian Berning, Director, Local History Museum. 5. Advisor to the Department of Economic Policy of the African National Congress, February 1990-1992. 6. Member of the Steering Committee, Economic Research Committee, Reference Team and Editorial Committee of the Macroeconomic Research Group (MERG), December 1991-to December 1993. 7. Member of the Technical Committee of the Transitional Executive Council's Sub-council on Finance, concerning South Africa's International Capital Market Strategy, February-March 1994. 8. Member of the Technical Editorial Group which supported the drafting of the Reconstruction and Development Programme (RDP), February-March 1994. 9. Member of the Tongaat-Huletts Durban-Functional Regional Planning Forum, June 1994-December 1995. 10. Member of the Advisory Group for the national Government's project on Poverty and Inequality in South Africa, August 1996-May 1998. 11. Member of the National Research Foundation’s Assessment Panel for Economics, Development Economics and agricultural economics, 1 June 2002-31 March 2003. 12. Council Member: Gerson Lehrman Group ,a leading Global Expert Network headquartered in New York.(Strategic Development Team for Europe, Asia & Oceania) 13. Consultant to the Board of Directors of the South African Reserve Bank, 1 February-31 August 2009. K7 Directorships of Corporate Boards, Councils and other Companies 1. South African Reserve Bank: 1a. State appointee on the Board of Directors of the South African Reserve Bank, 1 May 1996 to 20 July 2007 (Re-appointed for 2nd term in August 1999, and re-appointed for a 3rd term in October 2003.) 1b. Member of the Audit Committee, November 1996 to 20 July 2007. 1c. Member of the Rumuneration Committee, August 2001 to 20 July 2007 and Chair of Remco from 19th July 2006 -20 July 2007. 2. Ithala Development Finance Corporation: 2. Deputy-Chair of the Board (until 31 March 2007) and member of the Board , 2 March 2001 to 31 May 2010.

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2a. Chair of the Banking License Committee, 2 March 2001 to 24 November 2004; and again May 2008 to 31 May 2010. 2b. Member Audit Committee, December 2007 to 31 May 2010. 2c. Member of the Directors Affairs Sub-committee, May 2008 to 31 M1y 2010. Other boards and governing Councils: 3. Non-Executive Chairman and member of the Board of Directors, Invoice Clearing Bureau Pty, Ltd. (2006-to date). ICB is the South African/African subsidiary of a global company (VCB Global) operating in the nexus between IT, business intelligence and finance. 4. Member of the Board of Directors of the Dube Trade Port, October 2002 to February 2005. 5. Member of the Board of Directors of the United Cricket Board, now Cricket South Africa (Pty) Ltd, August 2002 to June 2003. 6. Member of the Board of Directors of the National Institute for Economic Policy, 1994-95. 7. Member (40% shareholding) AND Director, Praxis Publications cc (trading as Ike’s Books and Collectables), October 2000 to July 2013. 8. Member of the Founding Council of the University of KwaZulu-Natal, 1 July 2004 to 17 February 2006; and member of the Council’s Finance Committee. 9. Member of the Investment Advisory Board, Cantillon Retirement and investment managers Pty, Ltd. (2006-2008) and again Jan 2012- to date. 14. Member of the Interim Council of the Sol Plaatje University (Kimberly), appointed 1 June 2013. Chair of

the Audit and Risk Committee of the Interim Council, and a member of the Human Resource Committee, SPU Interim Council.

15. Chair: Governing Council/Board of Directors of the Gateway City College Group of private FET Colleges,

appointed 1 June 2013. L. Biographical details Date of birth: 31.05.52 Citizenship: South African Martial Status: Married (2 children)

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