Question

South Africa has a high unemployment rate, researchers have suggested that the SA government should adopt expert-led growth policies to address this problem given that increasing exports has the potential to increase productivity, should the South African government increase its economic openness without government regulation of any kind? 100 words

Answer 1

South Africa faces key challenges such as poverty, low levels of education and employment, as well as an urgent need for economic growth. We still have more than seven million people in this country that go to bed without food.

South Africa has a highly developed economy and advanced infrastructure. One of the world's largest exporters of gold, platinum, and other natural resources, it also has well-established financial, legal, communications, energy, and transport sectors as well as the continent's largest stock exchange.

South Africa, despite its wealth, is ranked as the most unequal country in the world. About 42 percent of total wealth in Africa is held by 140,000 high net-worth individuals, defined as those with assets of at least $1 million. Even the richest of African cities are home to great numbers of people living in poverty

Inadequate education and lack of productivity is costing jobs. Unemployment increases progressively with decreased educational levels; and the education system is not producing the skills for the labour market. Labour supply is affected by the increase in the number of job seekers over the years.

How to reduce unemployment in South Africa

• Skills & Development

Importance Of Youth Empowerment
South Africa has a high rate of unemployment, there are many people who are not working. And they cant provide for their families. These is not good for the economy, when people are not working , the economy is no longer stable. How to reduce unemployment in South Africa? we must come with strategy that will help us to reduce unemployment in our country. People must have skills so that they will able to develop themselves in our country. Skills that we have can help us to create something that will help our society.​​​​​​

• Encourage entrepreneurship reduce unemployment in South Africa

People must be taught about entrepreneurship. This will help us to because we wont wait for the government to provide jobs for us. People will start small business and able to create job opportunities to others. And entrepreneurship will also bring stability in our economy. When many people have businesses our economy will be stable and parents must teach their children about business. When they are still young so that they will grow up know the importance of entrepreneurship.

• Education and training

Education and training is needed in our society, when we are educated it will be easy for us to get jobs. Because we will be having the knowledge that employers need for us to be employed. So we encourage people to study. Education will open doors for them and it will reduce the high rate of unemployment in the country. The government must provide training centers so that we will be trained for jobs, internships and leanerships will prepare us for jobs.

Summery

South African government should redirect its spending towards activities that directly and indirectly promote creation of employment and decent jobs, a conducive environment and flexible labor market policies or legislations without impediments to employment creation should be created, and lastly government should prioritize industries that promote labor intensive. All this will help in absorbing large pools of the unemployed population thereby reducing unemployment in South Africa.