With the unemployment rate at an alarming 29.1%, finance minister Tito Mboweni’s stance on e-tolls will further harm the prospects of reviving the ailing economy. At least 6.7-million people are unemployed and desperately need jobs.
When faced with an unemployment crisis, to boost economic growth the governments of the world’s most advanced countries employ strategies such as reducing taxes instead of increasing them. They create labour-intensive jobs by increasing government spending on big projects and cut interest rates. ..
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