Abstract
This thesis explores the convergence of globalisation, decolonisation, and economic
policy within the context of post-apartheid South Africa. The assertion is made that
while South Africa attained political independence in 1994, it has encountered
considerable hindrances in realising substantive economic decolonisation as a result.
The analysis scrutinises the neoliberal economic paradigm embraced by the African
National Congress (ANC), which has perpetuated economic reliance on former
colonial powers instead of promoting genuine autonomy and development.
This thesis examines the influence of global economic institutions, including the World
Trade Organisation (WTO) and the International Monetary Fund (IMF), on the
formulation of South Africa’s economic policies. It underscores the conflicts between
the initial objectives of the liberation movement and the market-driven strategies
adopted in the post-apartheid period. It underscores the necessity for a more
expansive and thorough approach to decolonisation that transcends mere political and
legal changes, incorporating cultural, social, and economic aspects as well.
By examining significant scholarly contributions, the thesis situates South Africa’s
post-apartheid economic strategy within an international context, illustrating the impact
of foreign entities such as the World Bank and IMF on the nation’s economic policies.
The text underscores the paradox inherent in the ANC’s leftist liberation ideology
juxtaposed with the market reforms enacted following the establishment of a non-racial
government. It emphasises that these reforms have constrained the state's capacity
to foster national development, favouring foreign capital at the expense of local
requirements.
The thesis further explores the ramifications of globalisation on feminist dynamics, with
particular emphasis on the experiences of Afrikan women who have been
disproportionately impacted by neoliberal economic policies. This examination delves
into their historical defiance against economic oppression and their endeavours to
formulate alternative narratives in opposition to repressive structures, highlighting the
interconnectedness of race, gender, and class in the quest for land rights, economic
equity, and social justice.
vi
Moreover, the thesis examines the African Continental Free Trade Agreement
(AfCFTA) as a prospective avenue for fostering regional cohesion and addressing
historical economic inequities through collaborative economic efforts. This analysis
rigorously explores the potential benefits and obstacles associated with the AfCFTA
in reshaping economic interactions within the Afrika continent, and promoting a sense
of autonomy among its nations. The thesis further examines the notion of the Fourth
Industrial Revolution (4IR), positing that it embodies a novel iteration of digital
colonialism, thereby intensifying pre-existing disparities. The argument posits that the
technological advancements linked to the Fourth Industrial Revolution are
predominantly governed by developed nations, thereby exacerbating socio-economic
inequalities in South Africa and throughout the Afrikan continent.
In conclusion, the thesis posits that for South Africa to realise authentic economic
decolonisation, it is imperative to engage in a thorough re-evaluation of its economic
policies, placing emphasis on self-determination, social justice, and fair distribution of
resources. It promotes an economic framework that considers the enduring impacts
of colonialism and neoliberalism, all while being firmly rooted in the socio-political
contexts of the Afrikan continent. This study enhances our comprehension of South
Africa's position within the global economic framework and enriches current dialogues
surrounding decolonisation, gender disparities, and economic liberation across the
Afrikan continent.