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:


Recommended

by NEWSROOM AI
Read More
8 die on Cape roads over long weekend

8 die on Cape roads over long weekend

Traffic chief Kenny Africa talks to Kieno Kammies about the accidents over the weekend.

Robben Island Heritage Day free trips end in chaos

Robben Island Heritage Day free trips end in chaos

Safety & Security at Central City Improvement District Muneeb Hendriks says staff stood with blank stares not knowing what to do.

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
'She says I'm just waiting for this c**lie to move so I can take the photo'

'She says I'm just waiting for this c**lie to move so I can take the photo'

A caller on the Eusebius McKaiser Show, Zeenat says she was called a derogatory word for Indian on Heritage Day.

'This leaked document is calling a spade a spade'

'This leaked document is calling a spade a spade'

Breakfast Show Host Bongani Bngwa shares his views on the leaked report from the Thabo Mbeki Foundation.

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

WC DA leader refuses to hand over electronic devices as party probes media leak

WC DA leader refuses to hand over electronic devices as party probes media leak

Western Cape DA leader Bonginkosi Madikizela confirmed that he was asked to hand over his devices but he says that he refused.