At 29%, unemployment is the highest since 1994.
Although the current administration has worked to stabilise the turbulence, efforts have been largely reactive – a firefighting effort of sorts – from organising a jobs summit to taking several international trips in search of foreign investment. Between 1996 and 2007, there was a national economic discourse that manifested in raging conversation about what policies would deliver the promise of development.
It is certainly refreshing to read Finance Minister Tito Mboweni’s proposition for an economic strategy, titled In theory, the strategy makes a reasonable prognosis of how the economy can turn upward not only faster, but also in an inclusive way. To expect mass employment from a technology-intensive agricultural sector and an unpredictable tourism sector is to expect miracles.Second, we’ll need to hold meaningful conversations about the type of state capable of delivering inclusive growth.
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