By Luyolo Mkentane for Business Day
The unemployment rate rose to a near 15-year high in the first quarter of 2019, highlighting the enormity of President Cyril Ramaphosa’s plans to recover the country’s economy.
Ramaphosa said he wants to lead the country out of “nine wasted years”, a tacit reference to his predecessor Jacob Zuma’s term in office, which was marked by increasingly brazen corruption and state capture. Under Zuma’s watch unemployment soared and economic growth faltered, while confidence in the SA economy fell to new lows.
Read the full article here: https://www.businesslive.co.za/bd/economy/2019-05-14-soaring-joblessness-weighs-on-ramaphosa-presidency/