‘Jobs an emergency case’
EXPERTS are urging newly elected ANC president Cyril Ramaphosa to act fast on unemployment, even calling for a “state of emergency” to tackle the country’s 28% unemployment rate.
Ramaphosa heads the party at a time when business and consumer confidence are low with GDP growth for this year expected to be below 1%. To make matters worse, 500000 new job seekers enter the labour market every year amid a gap of R50.8bn in tax receipts.
An economist told The New Age it was vital for the country’s leadership to tackle unemployment, especially among the youth and to curb the growing list of social grant recipients.