Controversy and negative publicity a contributing factor to SA's woes

Statistician General Pali Lehohla on Tuesday announced that South Africa’s unemployment rate, for the third quarter of 2016, has climbed to 27.1%.

This rate is said to be the highest seen since 2003.

Dr Iraj Abedien, executive chairman at Pan-African Capital Holdings says there is no quick fixing to this situation.

The economy is not growing, you cannot create jobs unless the economy is growing. And you cannot grow the economy unless investment happens.

Iraj Abidian, Executive Chairman at Pan-African Capital Holdings

He says we haven't been promoting investment in South Africa. The private sector is continuously being hammered and the country continues to get itself in controversial issues of negative nature.

If investment doesn't take place don't expect jobs in fact expect closure and scaling down.

Iraj Abidian, Executive Chairman at Pan-African Capital Holdings

Abedien says another contributing factor is that our educational system has been in eternal turmoil which makes the graduates we produce not employable. We need to have the right labour force, graduates, skills and the right mindset for the type of industries of the 21st century.

To hear how South Africa can improve its employment rate, listen below:

Read More
Yaya Jameh steals $50 million dollars before leaving office

Yaya Jameh steals $50 million dollars before leaving office

Justice Minister, Abubacarr Tambadou, revealed that Yaya Jameh stole $50 million dollars before going into exile.

R24m investment to improve STEM subjects in 10 disadvantaged schools

R24m investment to improve STEM subjects in 10 disadvantaged schools

Metropole North and East Education Districts in the WC are the two districts in which the R24 million project will be implemented.

Unemployment rate at 13-year high (despite the economy adding 288 000 jobs)

Unemployment rate at 13-year high (despite the economy adding 288 000 jobs)

The unemployment rate rose to 27.1% despite many new jobs added as these were offset by the increase in the number of job seekers.

Proposed R3500 minimum wage an important step in right direction - Gordhan

Proposed R3500 minimum wage an important step in right direction - Gordhan

Gordhan also spoke to Karima Brown about what South Africa needs to get right in order to avoid a downgrade.

SA institutions are pivotal to economy -  Gordhan

SA institutions are pivotal to economy - Gordhan

Finance Minister Pravin Gordhan SA's democracy is not without challenges, and the road towards a more inclusive economy is vital.

How to keep informal enterprises from being swallowed by messy politics.

How to keep informal enterprises from being swallowed by messy politics.

Awethu Project's Yusuf Randera Rees speaks about the power informal enterprises have in our economy.

Popular articles
Ruda Landman (fearless former Carte Blanche anchor) opens up about money

Ruda Landman (fearless former Carte Blanche anchor) opens up about money

The Money Show’s Bruce Whitfield interviews Landman about her attitude to money (hopes and fears, successes and failures, etc.).

Steam rooms and saunas will be closed from Wednesday at Virgin Actives in CT

Steam rooms and saunas will be closed from Wednesday at Virgin Actives in CT

The gym will be imposing strict measures to save and use water wisely across the city.

Emergency doctor says Henri van Breda's injuries were superficial

Emergency doctor says Henri van Breda's injuries were superficial

The wounds sustained by axe murder Henri van Breda continue to be scrutinised in court as the State calls another medical expert.

How Beaufort-West survived its worst drought in history

How Beaufort-West survived its worst drought in history

In light of the current drought in Cape Town, Kieno Kammies finds out what measures were used in Beaufort-West.

'Red Tie Guy'  who captured the world's attention during an Obama speech dies

'Red Tie Guy' who captured the world's attention during an Obama speech dies

Stellenbosch University's Goldfields Residence confirmed the news of Mikhail Hendricks death in a social media post on Friday.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.