South African business leaders told President Cyril Ramaphosa that the jobless rate could rise to 38.1% by 2030 without urgent action to solve the country’s energy, logistics and crime crises.
Unemployment in South Africa is already among the highest of more than 80 nations tracked by Bloomberg. If the constraints were successfully addressed the business groups, collectively known as B4SA, forecast economic expansion would average 5% and unemployment would decline to 28% by 2030. Supporting the return of additional units at the Kusile power plant and four key stations and helping their managers with turnaround plans at those facilities;
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