Why Ramaphosa’s 10-point plan misses the mark

Ann Bernstein, CDE executive director, spoke on The Money Show with Stephen Grootes, to unpack the ANC’s latest economic growth strategy. Her takeaway was that the ANC appears to have given up on its ability to create millions of jobs. Commenting on the Presidential Employment Stimulus, Bernstein said, “This is nothing but public employment using taxpayers’ money to pay for short-term jobs for young people. This is no way out of a massive crisis that involves 12.5 million people.” This interview follows the release of CDE’s latest report, South Africa’s Unemployment Catastrophe: A call for urgent action.

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