South Africa has highest unemployment rate in world
(005320.38-E003569.93NHORLOSUC20V)
6 Pics: When South Africa was White and VIBRANT! - The Hanging building!
This building still exists in Johannesburg. It was already built and looking great in the mid-1980s when I came to work in Johannesburg. Someone back then told me that the floors of this building are hanging. I did not quite know what to think of it, but its design is strange and when you look at the bottom, youll see the whole building is held up by a central column. (Just like those buildings of 911).
[I'm sure that even these figures are understated. Jan]
14 May 2024
ActionSA is highly concerned about South Africa’s unemployment crisis, as for every 100 South Africans that entered the labour market this year, only six could get a job.
According to StatsSA, the number of unemployed South Africans surged by 330,000 to a record 8.2 million in the first quarter of 2024. The current unemployment crisis is disastrous. From 2014-2023, the unemployment rate rose from 25.1% to 32.4%, and the situation continues deteriorating. In Q1 2024, the official unemployment rate rose to a dismal 32.9%, while the broad unemployment rate (which includes disgruntled job seekers) increased to 41.9% in 2024.
The situation is much worse for young South Africans, with unemployment rising to 59.7% in Q1 2024. Therefore, for jobseekers aged 15-24 who are not enrolled at educational institutions and are actively looking for work, only four of every ten have jobs.
The ANC’s disastrous policies, unending load-shedding, corruption, and capital flight have strangled the South African economy, preventing it from growing and creating new jobs. From 2014-2023, economic growth averaged a meagre 0.76% a year, much weaker than our population growth rate of 1.15% during the same period. Simply put, under the ANC, South Africans are becoming poorer while water, electricity and jobs are growing scarcer.
Creating jobs is one of ActionSA’s main priorities in government. We will fund new infrastructure projects, reform the labour market, support entrepreneurs and businesses, and revitalise rural economies. In government, ActionSA will support local businesses in our townships against unfair competition from foreign nationals, keeping money within our communities and growing township wealth. ActionSA will champion a business-friendly competitive economy, attracting international investments and creating jobs.
ActionSA’s Inclusive Economic Empowerment (IEE) plan underscores our plans to revitalise the economy. IEE includes groundbreaking policy measures like the Opportunity Fund, a Universal Basic Income Stimulus (UBIS), and targeted employment equity measures. These policies will reform and grow South Africa’s economy from the bottom up – benefitting the whole country.
During the first five years in government, ActionSA plans will boost economic growth to 5% and create 4.8 million jobs by 2029, ushering in an era of high inclusive growth and economic prosperity in South Africa.
Issued by Pieter Scribante, Team FixSA Member: Economic Development, 15 May 2024
From Germany: Horst Mahler: The Wanderer‘s Redemption
Great News! This book has finally been translated into English! Reflections about Gilad Atzmon and World Jewry