Safety first: the economic cost of crime in South Africa

This event launches the 14th edition of the World Bank’s South Africa Economic Update.

South Africa’s severe economic challenges have stifled growth for over a decade. Among the many constraints facing the economy is the high rate of crime that takes a heavy toll on businesses, households, infrastructure and the public sector. This edition of the World Bank’s South Africa Economic Update marks a significant milestone in quantifying the economic impact of crime on the economy, and its implications for growth and development.

The launch will include presentations on recent economic developments, South Africa’s outlook and the findings of the economic cost of crime on the country’s economy. A panel discussion with leading policy makers, subject matter experts and stakeholders from affected sectors, will follow. 

This seminar is co-hosted by the World Bank and the Institute for Security Studies (ISS).

Moderator: Alize le Roux, Senior Researcher, African Futures & Innovation, ISS

Opening remarks:

Fonteh Akum, Executive Director, ISS

Marie Francoise Marie-Nelly, World Bank Country Director

Presentation: Benedicte Baduel, Economist, World Bank

Panelists:

Ismail Momoniat, Advisor, National Treasury

Graham Wright, Chief Executive Officer, Business Against Crime SA

Hermione Cronje, Anti-Corruption Specialist

Gareth Newham, Head, Justice and Violence Prevention, ISS

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