Voltaire — To learn who rules over you, simply find out who you are not allowed to criticize
Tuesday, June 23, 2015
South Africa’s economy is stagnant, with growth running at an annual rate of just 1.3%
That matters a great deal because the economy needs to expand by at least 5% every year if poverty and unemployment are both to fall. Instead, the number of people out of work has risen by 1.6 million since 2009. Unemployment - even at the narrowest definition - now stands at 26%. If you use a broad definition that includes people who are too demoralized to look for work, the jobless total rises to 36%.