Budget 2017: OPINION
NICOLAAS KRUGER: Get set for change
We have to accept that the way things used to work will not necessarily be the way they continue to work, writes MMI Holdings CEO Nicolaas Kruger
The old adage that the only thing that is constant is change certainly holds true. At a global level, we have seen many surprises, such as Brexit in the UK and the inauguration of Donald Trump as president of the US, and instability continues in many parts of the world. In SA, ongoing uncertainty and sluggish growth have caused many people to accept that what we think has been working has not worked for many citizens. Many of the structures that we hold onto do not support the drive for equality or inclusive growth, and we must face the reality that too many fellow South Africans remain stuck in the cycle of poverty, and too few are able to access economic opportunities. SA’s unemployment rate is stuck at about 25%, with even higher rates for the youth, at more than 50%. An inadequately educated and unskilled workforce is one of the root causes of unemployment.
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