Sluggish economic growth blamed for job losses
Economist Prof. Jannie Rossouw says South Africa’s economic growth is too slow to absorb labour.
South Africa's unemployment rate has increased to 33.7% in the third quarter, according to Statistics South Africa's Quarterly Labour Force Survey, showing a rise from 33.6% in the previous quarter. Economist Professor Jannie Rossouw has linked this upward trend to sluggish economic growth, arguing that the country's growth is insufficient to generate enough jobs.
According to Rossouw, enhancing service delivery in municipalities throughout the nation is crucial to tackling the unemployment crisis. He emphasizes that functional municipalities, capable of delivering essential services such as clean water, reliable electricity, well-maintained streets, and operating robots, are necessary to create a local environment that attracts business investment.
Rossouw further explains that a conducive investment environment would likely lead to increased employment opportunities for people.
Written by urgent.news from SABC News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
