‘State of SA’s economy keeps me awake at night’ – Ramaphosa
President Cyril Ramaphosa says the state of the nation’s economy and the high number of people out of work keep him awake at night.
Ramaphosa: Unemployment in our country is a crisis
Evidence that shows Ramaphosa has a jobless crisis in SAThe millions of people in South Africa “who are not economically engaged in any activity: that is enough to keep me awake at night. It concerns me a great deal,” he said.
South Africa’s economy is struggling to recover from its worst contraction in almost three decades in 2020 because of the coronavirus pandemic.
Growth last year was stifled by the worst riots since the end of apartheid in 1994 that left 354 people dead.
The nation’s 34.9% unemployment rate is the highest on a global list of 82 countries and the Eurozone monitored by Bloomberg.
Read: SA welfare recipients surpass number of taxpayers
Source: moneyweb.co.za
