Our Story

Read a little about our history

Lumec (originally named ‘Resource Research and Strategy Consultants’) was founded in early 2016 by Joanne Parker and Paul Jones. Joanne and Paul worked together previously as development economists and share a passion for tackling complex social and economic questions. In time, they became increasingly frustrated with the fact that research conducted rarely transferred into action or impacted the lives of citizens.

When discussing their vision for the future, Joanne and Paul both recognised the importance of building a company that can provide innovative and sustainable analyses, using relevant research methodologies and technology to ensure that research outcomes are practically implementable. They also felt it was important to have an open approach to research which is underpinned by inclusivity and transparency. They hoped this would lead to more effective solutions to the social and economic challenges that are facing South Africa.

In their first 18 months, their identity continued to grow and evolve as they came to better understand their company and their role in the market. In November, 2017, Joanne and Paul rebranded and relaunched their company as Lumec. The name Lumec is a combination of the word ‘lumin’, meaning light in Latin, and ‘economics’ and reflects Joanne and Paul’s desire to bring an innovative, alternative perspective and approach to economics in the country.

Lumec continues to strive towards providing informed economic solutions that are relevant, data-driven and practically implementable.

Our Latest Articles

August 8, 2019

As economists, we are acutely aware of the economic benefits that arise from local manufacturing, which is one of the reasons Lumec employees share a passion for supporting locally produced goods and services. Earlier this year we noticed something surprising – not a single can of tuna on Spar’s shelves contained tuna sourced in South Africa. Every brand of tuna stated that its tuna was sourced from Thailand. 

July 5, 2019

The creative economy “refers to economic systems in which value is derived from creative and imaginative qualities instead of traditional sources such as capital, land or labour”.

June 11, 2019

In March 2019, eThekwini Municipality’s executive committee approved the establishment of the Glenwood Urban Improvement Precinct (UIP), which is expected to become fully operational in August 2019.