High unemployment is a symptom of South Africa’s economic malaise

इंडिया समाचार समाचार

High unemployment is a symptom of South Africa’s economic malaise
इंडिया ताज़ा खबर,इंडिया मुख्य बातें
  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 92%

The average South African secondary school graduate does not get a first job until the age of 30

school in 2006 Delvia Mbalati spent the next 12 years looking for a job. Her search took her from her village in Limpopo, a province in the north of the country, to Johannesburg, where she spent a year studying for a qualification at a college which turned out to be a fraud. Whenever her mother scraped together funds she took other courses, but they proved useless too. Whatever work she sought the result was the same: rejection. The 32-year-old’s self-esteem plummeted.

The history of the South African economy partly explains these horrible numbers. Though precise data are hard to find, the unemployment rate grew steadily during the last two decades of apartheid, which can be thought of as a system of feudal capitalism for blacks and coloureds and cushy socialism for whites.

Certainly the former president had some unlucky timing. The global financial crisis of 2008, followed by a collapse in commodity prices, inevitably hit an open, mineral-rich economy. But South Africa has not recovered. The policies of the Zuma administration towards several of South Africa’s key industries bordered on the masochistic. Tourism was undermined by daft visa regulations.

Rather than add to the competence of the state, the Zuma splurge encouraged its evisceration. In private the honest civil servants who have remained are aghast at the woeful administration. Others worry about the effects of corruption at the South African Revenue Service, and the ever greater reliance on a small group of taxpayers. Just 1% of taxpayers pay 61% of personal income tax.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

TheEconomist /  🏆 6. in US

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Harris’ South Carolina strategy faces a big obstacle: BidenHarris’ South Carolina strategy faces a big obstacle: BidenThe former vice president has organizational advantages and a connection with black voters that could be pivotal.
और पढो »

Libyan forces push back Haftar's troops south of Tripoli: witnessesLibyan forces push back Haftar's troops south of Tripoli: witnessesForces supporting Libya's internationally recognized government pushed back...
और पढो »

Judge rules South Bend's tape case involving Buttigieg can continueJudge rules South Bend's tape case involving Buttigieg can continueA judge in Indiana ruled Monday that the so-called South Bend tapes case -- which has received newfound scrutiny amid Mayor Pete Buttigieg's presidential run -- can continue to trial, ensuring that the issue will drag on at the same time that the Indiana Democrat runs for president.
और पढो »

South Korea proposes $5.9 billion extra budget to fight air pollution, aid exportsSouth Korea proposes $5.9 billion extra budget to fight air pollution, aid exportsSouth Korea on Wednesday unveiled a proposed 6.7 trillion won ($5.87 billion) su...
और पढो »

Hyundai Motor profit jumps as South Korea, U.S. sales offset China slumpHyundai Motor profit jumps as South Korea, U.S. sales offset China slumpSouth Korea's Hyundai Motor reported a better-than-expected 24 percent jump...
और पढो »

North Korea sidelines leader Kim's right-hand man for Hanoi breakdown: South Korea lawmakerNorth Korea sidelines leader Kim's right-hand man for Hanoi breakdown: South Korea lawmakerNorth Korea has replaced Kim Jong Un's right-hand man who steered nuclear t...
और पढो »

LG Electronics to suspend mobile phones production in South Korea this year: YonhapLG Electronics to suspend mobile phones production in South Korea this year: YonhapSouth Korea's LG Electronics plans to suspend manufacturing of its loss-mak...
और पढो »

Questions on race, faith and tradition confront Buttigieg in South CarolinaQuestions on race, faith and tradition confront Buttigieg in South CarolinaThe rising Democratic presidential candidate faces early challenges with some black voters in the key primary state.
और पढो »

LG Electronics to shut South Korean phone factory, move production to VietnamLG Electronics to shut South Korean phone factory, move production to VietnamLG Electronics Inc said on Thursday it would stop producing smartphones in South...
और पढो »

Hyundai Motor’s U-turn may stutter in South KoreaHyundai Motor’s U-turn may stutter in South KoreaThe $29 bln automaker's first quarter sparkled, good news after a loss the previous period. New models revved sales despite a slowdown in China and U.S. safety issues. Worsening economic conditions in its home market, however, could put this turnaround into a spin.
और पढो »

LG Electronics to shut South Korea phone plant, move production to VietnamLG Electronics to shut South Korea phone plant, move production to VietnamLG Electronics to stop producing smartphones in South Korea and move manufacturing to Vietnam by juminism
और पढो »



Render Time: 2025-02-27 08:01:21