THE IMF says excluding small and medium enterprises from crippling collective bargaining agreements will create more jobs in SA.Addressing a lecture hosted by the Wits Business School on Tuesday, IMF first deputy managing director David Lipton said: "It is important to exempt small and medium enterprises from collective bargaining agreements to create space for hiring,"Boosting economic and inclusive growth and tackling corruption are among key issues the International Monetary Fund (IMF) recently highlighted in its recommendations to the government after conducting a country review.Lipton said on Tuesday that SA’s falling capita per income and increases in the jobless rate, which now stands at 26.7% according to Statistics SA, was among the highest in the world. "That would spell tough times ahead given the difficulties facing the global economy," he said.The IMF expected anaemic growth of 0.1% for SA for 2016 from 0.6% previously and an improvement to 1% in 2017.READ THIS: Corrupt...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.