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 […]
unemployment
Posted inEquality, General
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 […]
Posted inEquality, General, News/Politics
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 […]
Posted inBusiness, General
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 […]
Posted inBusiness, General, News/Politics
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 […]
Posted inBusiness, News/Politics
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 […]
Posted inGeneral
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 […]
Posted inBusiness, Equality, News/Politics
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 […]
Posted inBusiness, News/Politics
Labour-intensive growth strategies key to reduce unemployment
It is generally accepted that unemployment at current levels of about 25% (using the narrow rate) is the most critical and pressing of our socio-economic challenges as it directly impacts how successfully we can reduce poverty and inequality. The problem assumes crisis proportions if we consider that the broader unemployment rate sits at about 43% […]
Posted inBusiness, News/Politics
SA needs low-wage, labour-intensive growth strategy to boost economy
Faced with an economy that has been in decline for more than a decade and given the slowing demand from our trading partners, the State of the Nation address should have pointed in an emphatic way, to a radical and fundamental policy shift in strategies that are aimed at economic regeneration and the way we […]
Posted inBusiness, News/Politics
No Christmas box for my fellow countrymen
I was out doing my irregular early morning jog when I was stopped by a lean and hungry-looking man. My street-wise eyes screened him up and down as he walked in my opposite direction. The distance between us closed and in no time we were face to face. What I picked up was the shabby […]
Posted inBusiness, General, News/Politics
Is it time to nationalise the Reserve Bank?
Every time the Monetary Policy Committee announces interest rate cuts, unions and some sectors of the population immediately jump up calling for the “nationalisation” of the Reserve Bank. One wonders if they do actually have a point. The recent appointment of Lesetja Kganyago as the Reserve Bank governor-designate has re-ignited the debate. During my studies […]