SHAWN HAGEDORN: Bold policy pivots are needed for SA to change lanes

Economists have been raising their forecasts for SA’s GDP growth, yet few see it averaging more than 3% a year without major policy shifts. Meanwhile, excessive household debt, combined with localisation policies, entrenches our extreme unemployment.

At the core of our unemployment crisis are those who left school several years ago and, having never been meaningfully employed, are now permanently marginalised. This group of millions of young adults is growing by about 250,000 a year. Cutting this annual increase in half by averaging 3% GDP growth would take many years...

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