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Ideas Matter | Here’s how South Africa can address the unemployment crisis

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The official unemployment rate is now 34.4% Photo: Gallo/ iStock
The official unemployment rate is now 34.4% Photo: Gallo/ iStock
iStock

Ideas Matter

Instead, an environment must be created which encourages capital formation and investment, where entrepreneurship and wealth creation are incentivised, not punished and where what you earn and build will be secure for your children and grandchildren.

To adequately tackle the crisis, South Africa must protect property rights, relax labour regulations and embrace the African Continental Free Trade Area (AfCFTA).

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