African Economic Outlook: South Africa

African Economic Outlook ^

[SoFloFreeper]

... The unemployment rate remained above 25% in the final months of 2012. South Africa continues to face the triple challenge of chronic high unemployment, poverty and inequality amid a slow and volatile domestic and global economic environment. The National Development Plan needs to be implemented to address structural bottlenecks to job creation....

[SoFloFreeper]

While the media weeps over the passing of Mandela, let us remember part of his legacy they are ignoring: the disastrous economy of his home country.

Results matter, don't they?

[circlecity]

"The National Development Plan needs to be implemented to address structural bottlenecks to job creation...."

Yeah, I'm sure that will fix everything....

[RedStateGuyTrappedinCT]

Results matter, don't they?

Wrong , this is the 0bama media, only "good intentions" matter.

[SharpRightTurn]

“inequality”

Yeah, well that’t the natural order of things because people were made with unequal abilities, so get over it.

The only way to have things “equal” is by a scorched earth commie policy like Zimbabwe, North Korea, the old Khmer Rouge regime, etc.: make everyone “equally” miserable and destitute.

The maximum wealth and advantage to the great majority of all persons, regardless of their talents, is found in capitalism and freedom.

[grania]

...people were made with unequal abilities

I'd rather say different abilities, most of these abilities more prevelant based on ethnicity.

I couldn't play NBA basketball. LeBron probably couldn't teach higher level math. Most people if they looked at pictures of us could probably guess correctly which one was in the NBA and which one is a Math teacher.

[headstamp 2]

“The National Development Plan needs to be implemented to address structural bottlenecks to job creation....”

Oh look, another “5-year plan”.

[stormer]

Given the history of SA, it’s really somewhat ridiculous to place all the blame for the nation’s economy on Mandela. It’s easy to appear prosperous when you have what is in effect a slave-based economy; when that structure fails, what outcomes would you expect? Take a look at the South following the Civil War.

[Robe]

My prediction : with in a year South Africa will explode re:
Zimbabwe, Rwanda, etc
So it is with African countries, there will be a cause dejure, to cause death and destruction.