The Presidential Economic Advisory Council (PEAC) advises President Cyril Ramaphosa with the aim of providing sound advice on economic policy in order to spur sustained, inclusive economic growth, investment and job creation for South Africa.
The Council is a non-statutory and independent body chaired by the President and brings together prominent local and international economists and technical experts drawn from academia, the private sector, labour, community, think tanks and other constituencies.
The Council constitutes expertise in international economics; macroeconomics (including fiscal policy and monetary economics); labour economics; economics of education and the economics of poverty and inequality and urban development. Other areas of insights entail microeconomics with a focus on network industries, regulation and competition, trade, land and agriculture policy energy and climate change.
The Council serves as a forum for in-depth and structured discussions on emerging global and domestic developments, economic and development policies, and to facilitate socialisation and diligent execution thereof.
This operating model is intended to enhance the work being undertaken to build a capable state, as demanded by the National Development Plan. The Council will also be instrumental in building a knowledge base of policy and implementation lessons, best practices and field-tested success stories.