South Africa’s unemployment rate, estimated at 25% is among the highest in the world and has kept the nation’s credit rating at just a notch above investment grade at major rating agencies such as Standard & Poor’s. As the continent’s biggest economy struggles to create jobs for its 12 million unemployed, politicians, economists and South Africans are asking what economic policies are required to lift growth, create jobs and address the world’s worst income inequality.
That’s the hot topic on this edition of Meeting of the Minds, the Great Economic Debate. Our Panel of Minds are:
Zwelinzima Vavi - General Secretary, Cosatu
Jabu Mabuza - President, Business Unity South Africa
Herman Mashaba - Chairman, Freemarket Foundation of South Africa.
Nicky Weimer - Senior Economist, Nedbank
Rob Davies - South African Minister of Trade & Industry