SA’s unemployment rate jumped to an 11-year high of 29% in the second quarter of the year, which is likely to make it harder for President Cyril Ramaphosa to fulfill his promise of creating a quarter of a million jobs a year.

Reducing the unemployment rate and putting the economy on a robust growth path are at the top the list in Ramaphosa’s reform drive. But there are growing concerns that he might not be able to push through structural changes to address racial disparities in income, housing and other services as some influential leaders within the ANC appear to be opposed to his agenda.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now