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Economic impact assessment


Economic impact assessment

Overview

In economics there are always trade-offs. Changes in policies, laws, and regulations, and every government intervention creates both positive and negative impacts, winners and losers.

Good government requires that these impacts are mapped and understood, so that responsive policy can be crafted to maximise the positive while minimising the negative.

Projects

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    A new approach to impact reporting rolled out in Ghana with SCB

    Standard Chartered Bank partnered with Genesis as impact advisors to develop a next generation approach to impact measurement and reporting. This new approach was rolled out in a case study on lending to the manufacturing and infrastructure sectors in Ghana.

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    Charting a new course for failing state-owned enterprises

    Genesis worked with the National Planning Commission, a nucleus government advisory agency, to assess state-owned enterprises' performance and contribution to achieving the National Development Plan’s Vision 2030 of economic transformation and inclusive growth.

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    Assessing economics of R5.5b pelagic fishery as rights expire

    Africa’s largest fishing company approached Genesis to produce an independent economic report on the underlying economics of the pelagic industry to provide a sound basis for meaningful engagement between the industry and Department of Environment, Forestry and Fisheries, and ultimately assist informed decision making with respect to the fishing rights allocation process.

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    Socio-economic impact of debt forgiveness Bill

    Genesis was appointed by the dti (on behalf of Parliament) to undertake an independent socio-economic impact assessment of the National Credit Amendment Bill 2018, a separate debt review regulatory regime and process for a defined lower-income segment, called debt intervention.

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    Study counts value of deep-sea hake prior to 2020 rights allocation

    Genesis Analytics quantified, for the first time, the socio-economic contribution of the R6,7-billion deep-sea hake trawl fishery. The SA Deep-Sea Trawling Industry Association (Sadstia) commissioned the report ahead of the allocation of long-term rights for 12 commercial fisheries by the Department of Agriculture, Forestry and Fisheries in 2020.

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    What value does Airbnb add to the South African economy?

    Since its launch in 2015 Airbnb has grown rapidly in South Africa. Like other disruptive businesses, it has faced pushback from the traditional hospitality industry. To establish the contribution of Airbnb, the Shared Value practice at Genesis Analytics was asked to undertake an independent study to quantify the benefit of Airbnb to the economy.

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    Are 'sin taxes' on alcohol appropriate?

    Genesis was approached by a major alcohol manufacturer and distributor to assess the appropriateness of excise tax as a tool to reduce harmful consumption of alcohol and to raise revenue for the state.

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    Economic impact of De Beers on Botswana

    De Beers, the world’s largest diamond miner, has been in partnership with the government of Botswana for 50 years - arguably the world’s most successful public-private partnership. The company asked Genesis and PwC to produce an independent report to analyse the economic contribution of the partnership to Botswana.

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    Impact of multi-billion move from sugar to corn syrup

    Genesis was appointed by two of the world’s top fast-moving consumer goods brand to evaluate the economic pros and cons of a multi-billion-rand mega-transaction in the FMCG sector.

View all

Related Focus Areas

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    Agriculture and agribusiness

    Africa’s agricultural sector is critical to sustainable economic development. Recognising the important role which agriculture plays in supporting economic opportunities, in particular for rural communities, the essential role of the sector for food security, and linkages with poverty alleviation, Genesis works at the public-private interface for government, donor, philanthropic and private sector clients, and in fruit, vegetable, cash and staple crop value chains across Sub-Saharan Africa.

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    Energy

    The energy sector has become a source of significant policy and regulatory focus in countries across Africa. Energy security and reliability – and in some cases failed energy reform – represent important challenges for economic growth and development. 

    This includes South Africa where the energy crisis has required careful policy review to determine the optimal long-term market structure across diverse sources of energy, as well as short-term remedies to resolve more immediate challenges.

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    Financial services strategy

    Our Financial Services team has completed more than 600 projects across sub-Saharan Africa and the Middle East since 2001. We work with leading financial institutions to address their challenges, unlock value for their stakeholders and shape the future of the industry.

    Our team understands the evolving technology and market structures, economics and regulatory trends across all segments of the financial services sector. Our distinct approach is characterised by deep specialisation and rigorous analysis based on a strong economics foundation.

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    Health

    We work with our clients to develop solutions aimed at improving the health of populations throughout sub-Saharan Africa. 


    Our region faces the challenges of the quadruple burden of disease, which includes both communicable and non-communicable diseases, as well as violence and injury. 

    Coupled with this are relatively weak health systems, heavy reliance on donor funding and inequitable public and private sectors. Within this context, we provide experts with decades of experience in the design, implementation, costing and evaluation of health programmes, and strengthening of sustainable health systems.

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    Infrastructure

    Infrastructure holds the key to development in Africa but there has been limited success in meeting the challenge. At Genesis Analytics we offer the tools and expertise to strengthen infrastructure planning, identify sources of finance, and enable project development efficiently and effectively.

    The development of infrastructure in South Africa often relates to key regulated sectors such as energy, which includes electricity, piped gas and petroleum pipelines. Genesis’s regulatory economics expertise in policy and regulatory design, regulatory accounting, and tariff determination is often an essential element in understanding and implementing infrastructure projects in these sectors.

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    Manufacturing

    The manufacturing sector ranges from industrial to fast-moving consumer goods. Genesis has extensive experience in providing services across this sector, from the manufacture of steel, cement, chemicals, resins and fertilizers to credit cards, supermarkets, cereals and tyres.

    Working in this sector requires that economists quickly come to grips with technical issues of production and use of the products. At a retail and consumer level, economists must develop an understanding of competition dynamics that are often based on product differentiation through branding and marketing. They also need to understand the socio-economic impact of the sector.

    In addition to the competition economics and international trade work, our Applied Behavioural Economics practice is also active in this sector. We understand that humans routinely use biases and heuristics to make decisions, and that this often results in atypical or unexpected outcomes. We have proven that businesses can derive considerable value from designing for the fallibility of human decision-making, especially in the consumer-goods sector – whether that be in product design, marketing, sales, service, channels, or other functional areas.

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