'A turnaround in private sector investment will result in job creation in SA'
Nedbank economist Isaac Matshego says the current administration is cognisant of the unemployment challenges South Africa faces.
Matshego is responding to South Africa's unemployment rate increase by 1.4% in the second quarter of 2019 to 29%.
According to data released by Statistics South Africa on Tuesday, the increase is the highest since the first quarter of 2008.
Clement Manyathela on the Xolani Gwala Show chats to Matshego on the unemployment rate.
If we are going to ask whether the government is doing something to address the unemployment rate, we have to attach a timeline to that question. In my opinion, since the beginning of last year, we have seen the government moving in the right direction in acknowledging the challenges and we have seen a process of fixing different institutions.Isaac Matshego, Economist - Nedbank
He says the private sector plays a big role in job creation and development.
What we need to see is a turnaround private sector investment which will help expand the economy's capacity. That expansion will result in job creation in the country.Isaac Matshego, Economist - Nedbank
Listen below to the full interview:
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