Unemployment in South Africa a disaster
29 October 2019
The unemployment rate that, according to Statistics South Africa's recent quarterly report, has risen to 29,1%, which is the highest that the country has had over the last 11 years, is an absolute disaster.
The ruling ANC's rash and populist policy directions and its lack of political will to combat unemployment are just making matters worse.
Policy directions, like expropriation without compensation, that cause uncertainty among investors and other government failures, like the utter lack of proper service delivery and the destruction of local government, only serve to exacerbate the situation.
An economy simply cannot prosper if the most basic services are not delivered by municipalities. Local economies are hampered by poor local government, which suppresses the economic outputs of local businesses and limits job creation.