South Africa could double its per capita income and eliminate extreme poverty by 2030, according to a recently released World Bank Group report.
The report states that the country can achieve this by generating jobs for its high (and growing) number of young workers.
The Money Show’s Bruce Whitfield interviewed Catriona Purfield, Lead Economist at the World Bank in South Africa.
Scroll down to listen to the audio.
If you can make growth more labour intensive it’ll create a virtuous cycle.— Catriona Purfield, World Bank
South Africa needs a better business environment and less red tape.— Catriona Purfield, World Bank
Unemployment has always been a challenge in South Africa. However, it’s now more urgent than ever to address this. There are 280 000 new entrants to the jobs market every year.— Catriona Purfield, World Bank