Free market the answer to jobless rate of 35.3%, says economist

SA’s unemployment is showing no sign of abating, with the jobless rate climbing to a new record despite a sharp rebound in economic activity in 2021 after the easing of Covid-19 lockdown restrictions.

Coming just a few days after President Cyril Ramaphosa hosted an investment conference in which he was able to say he was within touching distance of a R1.2-trillion target announced four years ago, Stats SA data on Tuesday gave a dose of realism, highlighting the need for the government to deal with constraints such as Eskom power cuts and Transnet’s floundering rail network...

This should be a free article

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

East Africa bloc becomes $250bn market as Congo joinsThe Democratic Republic of Congo joined the East African Community, bringing the regional trading bloc’s market size to a quarter of the continent’s population and providing it with access to the Atlantic Ocean. Moneyweb AfricaNews
Source: Moneyweb - 🏆 5. / 77 Read more »