INCLUSIVE GROWTH
Actions needed from business to help its pledge gain traction
Good news on the economic front has been a scarce commodity for a few years, but there have been two bits of good news in the past two weeks. The economy grew 2.5% in the second quarter, which is good news because high rates of economic growth make it easier for SA to solve its socioeconomic problems. Even with economic growth, however, the country has failed to create enough jobs. The problem is getting worse daily. About 48,000 jobs were lost in the first three months of 2017, and two mining houses are planning to retrench more than 11,000 workers. Food costs are high; transport is expensive, often dangerous and unreliable; wages are low; the wage gap is exorbitant and young people are justifiably frustrated with their prospects. Business, though, appears through the recent pledge announced by Business Leadership SA’s Bonang Mohale to be in the process of making a firm commitment to building a strong and inclusive economy. The pledge is partly a response to the smear campaign agai...
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.