Today's Labour News

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employment thumb100 BL Premium reports that the National Planning Commission (NPC) has slashed its most optimistic forecast of SA’s unemployment rate by 2030 in half and has warned of slow progress across the board in reaching the targets of the National Development Plan (NDP).  

In its latest report on the economy, "The Crossroads: Accelerating progress towards the NDP’s vision 2030", the commission says a 6% unemployment rate by 2030 is an impossible goal.  According to the report, the best SA could hope to achieve by then was a jobless rate of 14%.  "While the democratic government achieved significant improvements in employment, poverty and growth over the decade up to 2008, SA is once again engaged in self-inflicted growth strangulation," the report begins.  It points outs that there is now a "clear and present danger" of the country falling into a spiral of falling investment and lower revenue.  The report warns against further tax hikes and calls for performance-based salaries in the public service.  But, it maintains that it is possible to boost SA’s growth rate to 3% a year within two years, and proposes, among other things, a review at the SA Revenue Service (Sars) to restore "tax buoyancy".  The commission proposes the establishment of a "social charter that is needed to strengthen alignment around the NDP".

  • Read this report by Karl Gernetzky in full at BL Premium (paywall access)


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