SA’s rising unemployment needs a fresh solution

South Africa is at a crossroads after 28 years of failed economic policies. If the government continues with its suicidal policies — inflation targeting, structural reforms and austerity — I estimate that there will be 17-million unemployed people by 2030. The expanded unemployment rate will increase to more than 50%. If it develops a short-term solution to the immediate crisis at Eskom and charts a new path towards economic development, the country can achieve full employment by 2035. 

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Duma Gqubule
Duma Gqubule is a financial journalist, analyst, researcher and adviser on issues of economic development and transformation

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