Unemployment: The numbers and implications for South Africa.
Key Points:
- Unemployment in South Africa is very high, and the formal sector is not growing adequately to alleviate it.
- According to research, South Africa’s expanded unemployment rate was 39% in 1996
- .The cost of unemployment to individuals is high. They suffer not only from the lack of an adequate income, but are also marginalised by society.
- High unemployment in a middle-income country like South Africa goes hand in hand with a highly unequal distribution of income
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South Africa cannot separate sustainable employment creation from long-run social and economic development. This challenge cannot be met by government alone – it must become an integral part of the plans and projects of all economics actors.
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