DUMA GQUBULE: Government not serious about reigniting the economy
It knows its much-hyped recovery plan will not deliver GDP growth and jobs, but it continues with its failed policies anyway
Ten days ago, officials for two ministers asked me to assist in preparing submissions on the government’s so-called economic recovery plan for a cabinet retreat that was held last week. Making such requests on the weekend before such an important meeting shows how seriously government takes the issue of developing a plan to reignite an economy that has created only 145,000 jobs since December 2008.
Over the same period, the labour force increased by 6.6-million people. As a result, the number of unemployed people increased by 6.5-million to 12.4-million. The expanded unemployment rate increased to 45.5%, according to the latest Stats SA labour force survey for the first quarter of 2022...