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The Citizen reports that President Cyril Ramaphosa said during his oral question and answer session in the National Assembly on Wednesday that the high unemployment rate was a clear signal that the country’s economy could not continue to grow at the current rate.
Ramaphosa stated that creating employment, in particular for young people and women, was the most urgent and critical priority for the government. He indicated this in light of Statistics SA (Stats SA) announcing in July that the official unemployment rate in the country had increased by 0.5% to 27.2% in the second quarter of 2018 from the first quarter. The president stated that extraordinary measures and exceptional efforts were required to address the challenge of unemployment. Furthermore, understanding the causes that led to the high unemployment rate was key to success in remedying its impact. Increasing the level of investment into the country’s economy was what government had prioritised as a way of addressing unemployment, the president stated. He indicated that in the coming days, Cabinet would announce details of a stimulus package to reignite growth in the country’s economy.
- Read this report by Makhosandile Zulu in full at The Citizen
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