What to do about SA's unemployment crisis
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Non-agricultural employment in South Africa improved by 0.8% year-on-year in the first quarter, with employers adding 76,000 staff to their payrolls.Sanlib's chief economist Kevin Lings however has noted that this improvement is modest relative to the growth in SA's labour force, which increased by roughly 600, 000 people over the past year. So with a growing work force and a lack of substantial job gains in an economy where growth is stagnant and companies are focussed on cost containment measures, how do we address SA's unemployment crisis? Business Day TV posed this to a panel of experts which included Econometrix chief economist Azar Jammine; Businesss Leadership SA COO Busi Mavuso and National Spokesperson of Numsa Phakamile Hlubi-Majola for their perspectives on the situation.