MMUSI MAIMANE: Time and money have run out so Cyril Ramaphosa has one last chance to save SA
The ANC’s allies are holding the country to ransom for the sake of their members, while the poor bear the brunt
Two things happened in the past week that should serve as an urgent wake-up call for President Cyril Ramaphosa and his government. The first was the decision by ratings agency Fitch to maintain SA’s subinvestment credit rating while downgrading the outlook from stable to negative. The second was the release of the latest jobs numbers by Statistics SA.
The expanded unemployment rate has now shot up to 38.5% — the highest since the quarterly labour force survey was launched 11 years ago. For the first time the number of unemployed South Africans has breached the 10-million mark and now stands at 10.2-million. This is a crisis we dare not downplay...
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