'Unemployment is not a problem, it's a crisis'

The shocking unemployment statistics were released on Tuesday.

It's not a problem, it's a crisis.

Terry Bell, Labour analyst and Fin24 columnist

Bell says government keeps talking about creating jobs to no avail.

At least a week ago we finally had a politician, and it happened to be the president himself, who said we have to prepare for more unemployment. At least he's finally realised what is happening. Or at least I hope so.

Terry Bell, Labour analyst and Fin24 columnist

We have summits upon summits and they do absolutely nothing.

Terry Bell, Labour analyst and Fin24 columnist

Many analysts have been warning of this crisis for years, he says.

For example, South Africa is among the most efficient poultry producers, yet the country imports poultry from overseas, he exclaims.

The garment industry has been annihilated by Chinese imports, he adds.

We need a complete change across the board, but we need to recognise it is not just economics it is politics as well.

Terry Bell, Labour analyst and Fin24 columnist

The real unemployment rate is probably 50%.

Terry Bell, Labour analyst and Fin24 columnist

And if he was in charge of jobs what would he do?

The first thing I would do would be to inform the public of the real situation, work out which are the right and wrong decisions that have been made, and I would say let's put forward every idea you've got and openly debate it - and if I can't do my job, or any of the people in Parliament can't do their jobs, then sack the whole lot of us and put in people who will do the right thing.

Terry Bell, Labour analyst and Fin24 columnist

Take a listen to Bell's views below:


This article first appeared on CapeTalk : 'Unemployment is not a problem, it's a crisis'


Recommended

by NEWSROOM AI
Read More
Former media exec molested 'hundreds' of boys and young men - Deon Wiggett

Former media exec molested 'hundreds' of boys and young men - Deon Wiggett

The final episode of Deon Wiggett's podcast series 'My Only Story' has been published in collaboration with News24.

District Six land claimants to discuss govt's proposed restitution plan

District Six land claimants to discuss govt's proposed restitution plan

The District Six Reference Group will hold a meeting on Saturday to outline the proposals that the government has put on the table.

'We're ready and able to deal with increased online payments on Black Friday'

'We're ready and able to deal with increased online payments on Black Friday'

PayFast MD Jonathan Smit says the spread of technologies available should help mitigate risk of compromising payment systems.

Worst unemployment rate in 16 years. 455 000 more people jobless than a year ago

Worst unemployment rate in 16 years. 455 000 more people jobless than a year ago

About 6.7m people in SA are unemployed, up from 4.3m a decade ago. Bruce Whitfield interviews labour economist Andrew Levy.

ANC disbands youth league

ANC disbands youth league

The ruling party shares the latest developments from its NEC meeting as well its reaction to the increased unemployment rate.

SA unemployment rate rises to 29%, the worst since 2008

SA unemployment rate rises to 29%, the worst since 2008

Statistician-general Risenga Maluleka says there are 2.7-million people who are discouraged employment seekers.

Popular articles
No life jackets found at Nyati Bush and Riverbreak where Enoch drowned - police

No life jackets found at Nyati Bush and Riverbreak where Enoch drowned - police

North West police spokesperson Colonel Adéle Myburgh says an initial autopsy on Enoch Mpianzi was conducted this morning.

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.