South Africa can add 1.2-million jobs by 2030, McKinsey says

5th September 2019

By: Bloomberg

  

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Digitization and automation advancements could add 1.2-million jobs in South Africa by 2030, McKinsey & Co said in a report Thursday.

Technology-related gains could triple South Africa’s productivity growth, more than double growth in per-capita income and add more than a percentage point to the real gross-domestic-product growth rate over the next decade, the report said.

Still, McKinsey cautioned “concerted action will be needed from businesses, government, labour organisations and educational institutions” to realise the gains.

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Edited by Bloomberg

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