The unemployment rate refuses to come down..!!
In a state-of-the-nation speech earlier this year, President Jacob Zuma proudly called 2011 the “Year of Job Creation” and vowed to increase the number of people in employment by 5m within the next decade.
THE ruling African National Congress (ANC) came to power in 1994 on a promise of “Jobs, jobs, jobs!” But ever since then the number of jobless, including those too discouraged to keep looking, has hovered around 30%. Participation in the labour force is a good 10-15 percentage points below other comparable developing countries. In 2004 the government pledged to cut unemployment in half by 2014. But the best it can now promise is to do so more or less by 2020.
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