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Foreign direct investment won’t create enough jobs to resolve SA’s unemployment crisis

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Foreign direct investment won’t create enough jobs to resolve SA’s unemployment crisis: Foreign direct investment will not create enough jobs to resolve the unemployment crisis

there was excitement about the potential jobs that would come from the world’s biggest retailer’s foreign direct investment .

But Amazon’s announcement that it is cutting 18 000 jobs globally has doused some of that euphoria, once again underlining the need for South Africa to drive its own job growth. Amazon said it had “hired rapidly” during the Covid-19 crisis to meet the increased demand for deliveries, doubling its staff globally over the past two years.

 

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