The National Planning Commission has slashed its most optimistic forecast of SA’s unemployment rate by 2030 in half, warning of slow progress across the board in reaching the targets of the National Development Plan (NDP). The commission, tasked with providing a blueprint for SA’s socio-economic development, reports to minister in the presidency for planning, monitoring & evaluation Nkosazana Dlamini-Zuma. It has provided proposals aimed at returning SA on the path set out by the NDP. Some of them have already found their way into President Cyril Ramaphosa’s stimulus plan. In its latest report on the economy, "The Crossroads: Accelerating progress towards the NDP’s vision 2030", the commission says a 6% unemployment rate by 2030 is an impossible goal. The best SA can hope to achieve is a jobless rate of 14% by then. "While the democratic government achieved significant improvements in employment, poverty and growth over the decade up to 2008, SA is once again engaged in self-inflict...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.