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...
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.
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