Fitch paints a bleak economic picture | Citypress

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Extremely high youth unemployment will erode support for the governing ANC in the local government election next week, and the country’s opposition political parties will do well, according to Fitch Ratings

The credit rating agency’s head of sub-Saharan African risk, Jane Morley, said this week that it expected the South African government to make slow progress in tackling joblessness, given

several structural constraints on job creation faced by the country.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

 

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Fitch is correct on this one. The ANC will find the going very tough. CR is no longer a 'pull factor' and this will be the moment of reconning.

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