Poor are getting poorer – Manyi

2010-10-07 10:25

The country’s poor are becoming poorer, Black Management Forum (BMF) president Jimmy Manyi has said.

Manyi was addressing the BMF’s summit in Johannesburg today which was themed “Sustainable and Economic Growth in South Africa and the Rest of the Continent”.

“The BMF is greatly disappointed as we have seen that economic growth is not always synonymous with inclusivity,” Manyi said.

Just before the recession, South Africa’s economy had been bullish, yet unemployment had remained a problem.

Added to this was the “economic misery” on the continent that had led to southerly migration to South Africa.

Manyi said that when formulating a strategy, the conference had to take into consideration that economic growth had to be synonymous with job creation.

A skills deficit – and not a skills shortage – also remained a problem for South Africa and required a remedial strategy which the conference should study.

The BMF’s concerns on growth also extended to the rest of the African continent and for this the organisation was “unapologetic”.

“The political and economic stability of the rest of the continent has a bearing on South Africa’s own economic growth,” Manyi said.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.