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.