The unemployment rate has increased to 27.7%.
This is the highest it has been since September 2003.
Could Government have prevented this?
How much is the Gupta love affair to blame?
Are these issues linked?
The Money Show’s Bruce Whitfield interviewed Dr Adrian Saville, Professor at Gordon Institute of Business Science (Gibs).
Listen to the interview in the audio below (and/or scroll down for quotes from it).
If senior cabinet ministers and our president were as busy at building the country as they were feathering their own nest; how different would life be in South Africa?— Bruce Whitfield, The Money Show
They’re furiously busy building empires of their own.— Dr Adrian Saville, Gibs
Between six and nine million jobs is required… We need a decade, or more, of fast economic growth to create that.— Dr Adrian Saville, Gibs
Youth unemployment is a scourge of society. It’s a burden people carry with them all their lives.— Dr Adrian Saville, Gibs
There’s a structural issue.— Dr Adrian Saville, Gibs
In industry after industry in South Africa, mid and small-sized businesses are missing.— Dr Adrian Saville, Gibs
In the absence of rule of law you won’t get the elevated levels of investment we need.— Dr Adrian Saville, Gibs
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