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Job losses despite growing SA economy

The biggest blot on the South African democracy was the five million people looking for work and the nearly two million who have given up hope of finding a job, according to Theo Vorster, CEO of Galileo Capital...

By Annelie Coleman

21 Apr 2015

Theo Vorster, CEO of Galileo Capital.<p>Image credit:

Theo Vorster, CEO of Galileo Capital.

Image credit: GalileoCapital.co.za

The good news, on the other hand, is the fact that the country's economy is now 2,5 times bigger than in 1994. Speaking at Free State Agriculture's 2015 Young Farmer conference in Bloemfontein, he said it was impossible for the state to create more job opportunities because the SA civil service can't accommodate more people.

Read the full story on http://www.farmersweekly.co.za/.

Source: Farmer's Weekly

Farmer’s Weekly has a long and proud history of serving South Africa’s agricultural industry. Throughout the years, Farmer’s Weekly has been a clarion for South Africa’s farming community and, the magazine remains fully committed to its original undertaking – the advancement of the interests of farmers and their industry.

Go to: www.farmersweekly.co.za

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