South Africa can add 1.2m jobs by 2030, McKinsey says

Digitisation and automation advancements could add 1.2 million jobs in South Africa by 2030, McKinsey & Co said in a report Thursday.

Technology-related gains could triple South Africa’s productivity growth, more than double growth in per-capita income and add more than a percentage point to the real gross-domestic-product growth rate over the next decade, the report said.

Still, McKinsey cautioned “concerted action will be needed from businesses, government, labour organisations and educational institutions” to realise the gains.

© 2019 Bloomberg L.P.

Source: moneyweb.co.za