Fortunately, South Africa is not in this group of countries and today’s generation enjoys a higher standard of living than their parents. In most families there is confidence and optimism that the children will do better than their parents. Our economy has grown steadily since 1994, with incomes per capita over a third higher than in 1994.
Over the medium term, it would be helpful to achieve closer institutional convergence, with an enhanced role for the authorities within the resolution process, by recognising in particular their leading role in the administration of ailing financial institutions, in full respect of the due role of the judicial system.