Professor Harold Ngalawa


Professor Harold Ngalawa is a professor of economics and the founding member of the Macroeconomics Research Unit (MRU) and the only research unit specializing in macroeconomics research in South Africa. Ngalawa served as the Acting College of Law and Management Studies Dean of Research from 2017 to 2019 following his appointment as the Academic Leader Research and Higher Degrees in School of Accounting, Economics and Finance. Prior to joining the University of KwaZulu-Natal, Ngalawa taught economics at the University of Malawi and before that worked as a bank economist at the Commercial Bank of Malawi Limited and later as the Head of Research at the Continental Discount House Limited in Malawi. Ngalawa holds a PhD in economics from the University of Cape Town and a Master of Arts in economics from the University of Malawi. He is also a Certified Associate of the Institute of Bankers in South Africa. Ngalawa’s research interests include monetary theory and practice, structural asymmetries and policy failure, deposit insurance, banking instability and indigenous finance, among others. He has published extensively in many local and international journals including Economic Modelling, Journal of Applied Economics, South African Journal of Economics, The African Finance Journal and the South African Journal of Economic and Management Sciences, among many others. He has also presented his research at conferences in many countries including the United Kingdom (Oxford University), United States of America, Norway, the Netherlands, Hong Kong, China, Czech Republic, Turkey, Tanzania, Senegal, Ethiopia, Swaziland, Kenya, and Uganda, among others. Harold is the co-author of the “Secret Kingdoms: De Beers, Botswana and the Global Diamond Marker.”

Academic Qualifications


Professional Qualifications


Professional Bodies and memberships

Economic Society of South Africa

Research Interests

  • Monetary theory and practice
  • Banking Instability
  • Deposit Insurance
  • Informal Finance
  • Monetary-fiscal policy interdependence
  • Dynamic stochastic general equilibrium modeling
  • capital formation
  • economic growth and regional integration.