BUSI MAVUSO: Can our leaders stop languishing and start clearing reform hurdles?

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Increasing social benefits only addresses the symptoms of a system gone wrong

It is astounding that there were 660,000 fewer people employed in the third quarter of 2021 than a year earlier, considering that a year ago we were in a lockdown. There is something going seriously wrong in the labour market. This reflects a collapse in business confidence beyond the effects of Covid-19 and the unrest in July. Our businesses just don’t believe it is profitable to invest and expand.

The tragedy is that the solutions have been recognised and largely acknowledged for a long time, but for various reasons, including ideological ones, implementation of reforms to accelerate economic growth and create jobs has long been delayed. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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As soon as they finish 'eating' MYANC

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