South Africa’s official unemployment rate hit a record high of 30.8% in the third quarter, with the expanded definition of unemployment, which includes discouraged work seekers, rising to a catastrophic 43.1%. Joblessness has been this country’s biggest problem for decades, fuelling the twin scourges of poverty and inequality. Extricating ourselves from this deepening hole requires a step change in investment to stimulate growth and jobs. That will require increased policy certainty, including the certainty that those who steal money through corrupt practices will face the consequences.
EMAIL THIS ARTICLE SAVE THIS ARTICLE ARTICLE ENQUIRY
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here