Tag Archives: unemployment

Stagflation

Stagflation is an economic condition where inflation is high, economic growth is slow and unemployment is high. To say that South Africa is suffering in a state of stagflation is an understatement. Everyday the cost of living increases, the availability of economic opportunity diminishes and joblessness expands. To confirm this we have been told that…

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Breaking down South Africa?

In 2015, it was reported that Zulu King Goodwill Zwelithini, speaking to followers at Nongoma, criticised black South Africans for not building further on the country they had inherited from the National Party, opting instead to destroy or break down infrastructure, in this way cancelling out the (economic) progress made during a time when the…

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Why the ANC continues to flounder and defend the power of patronage

In my previous contribution in this column “The ANC must undergo creative destruction to re-invent and survive”, the theme of my message was that the task of reinventing the ANC and re-positioning its brand cannot succeed without a leadership overhaul. As the latest events have sadly confirmed, the urge to maintain the status quo trumps…

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South Africa’s policy choices unwittingly reinforce poverty

Statistician general Pali Lehohla has reminded us, yet again, that our stubborn and rising structural unemployment demonstrates that economic growth is still elusive and that our growth strategies are not delivering the intended outcomes. He also observes that the level of foreign and domestic investment is too low to create new businesses and jobs. The…

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Selfless leadership could fix South Africa

The #FeesMustFall movement is a dress rehearsal for the revolution South Africa will face unless we fix our socio-economic conundrum of inequality, poverty and unemployment. This will require leadership! It will require “bridge builders” who are not beholden to vested interests and can lead for the common good. It will require technical skill to empower…

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Tackle inequality vigorously to reduce racism and other social pathologies

A unique characteristic of South Africa as a society is the racialised structural inequality and unemployment inherited from the apartheid period. It was an intended and planned outcome of a warped strategy and a set of policy positions designed and rigorously implemented to achieve it. In a very weird way the outcome was hugely successful…

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Two ways to curb South Africa’s jobs crisis

By Zukiswa Mqolomba South Africa is currently facing a job crisis of epic proportions. The change in unemployment numbers masks even sharper deterioration in the labour market. Firstly, it masks the increase in the number of “discouraged work seekers” as individuals have given up hope of finding work. Secondly it masks the exponential increase in…

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Limping from policy disaster to policy disaster

It’s unusual to see a government that is on the face of it so entrenched in power — a solid 62% of the national vote after two decades in office, eight out of nine provincial assemblies — in such disarray. Yet President Jacob Zuma’s African National Congress administration limps from disaster to disaster, full of…

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This is why I don’t want to be a lawyer anymore

Unemployment is at its highest in SA at the moment, and even worse for the youth. Graduate unemployment is at an alarming rate. For those who are fortunate enough to be employed, there are times when you reach a point and have to say “deuces” to your employer. This could be brought on by a…

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So what is income inequality? How is it measured?

Income inequality in Africa is wide and persistent, particularly in South Africa. Will the country’s proposed national minimum wage lessen it? South Africa suffers from a large income gap between rich and poor. A 2013 survey by the Organisation for Economic Co-operation and Development suggested that “no progress towards income equality has been made since…

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