SA IS a country rich in resources in terms of its minerals, land and peoples. However, it is not a wealthy country.After assessing the age distribution of the population, it is estimated that between 2015 and 2030, approximately 16-million new entrants will enter the labour market. This means that unemployment will increase dramatically over the next 15 years.Any policy that creates uncertainty, reduces investment, reduces consumer expenditure and slows economic growth must be avoided. The objectives of government must be to reduce unemployment, poverty and inequality. This cannot be done without focusing on raising the economic growth rate thereby increasing employment and raising the standard of living of all South Africans. The poorer 75% of the population must have the opportunity to obtain a greater share of the resources and goods.The government seems to be in the process of introducing many policies that, in many instances, have the opposite effect of their well-meaning inten...
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