Business 7

Fresh thinking needed for game-changer

Joblessness crisis

Addressing South Africa's unemployment challenge requires some new thinking and an acknowledgement that policies that seek to deregulate the labour market are no solution, says Imraan Valodia, pro-vice-chancellor of climate, sustainability and inequality, and director of the Southern Centre for Inequality Studies at the University of the Witwatersrand in South Africa.

3 Maande Gelede - 2024-07-31 00:00:00

Imraan ValodiaEveryone agrees that solving the unemployment problem in South Africa is the number one priority for economic policy for the new government, as it has been for all go

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Premier League: Arsenal 2 vs 2 Liverpool | West Ham 2 vs 1 Manchester United | Crystal Palace 1 vs 0 Tottenham Hotspur | Chelsea 2 vs 1 Newcastle LaLiga: Mallorca 0 vs 0 Athletic Club | Real Sociedad 0 vs 2 Osasuna | Real Betis 1 vs 0 Atletico Madrid | Getafe 1 vs 1 Valencia | Leganés 3 vs 0 Celta Vigo SerieA: Fiorentina 5 vs 1 AS Roma | Inter Milan 4 vs 4 Juventus | Monza 2 vs 2 Venezia | SS Lazio 3 vs 0 Genoa | Parma 1 vs 1 Empoli European Championships Qualifying: Norwich City 3 vs 3 Middlesbrough English Championship: Norwich City 3 vs 3 Middlesbrough Katima Mulilo: 20° | 40° Rundu: 18° | 39° Eenhana: 16° | 41° Oshakati: 17° | 37° Ruacana: 18° | 37° Tsumeb: 21° | 36° Otjiwarongo: 15° | 35° Omaruru: 17° | 37° Windhoek: 17° | 33° Gobabis: 16° | 34° Henties Bay: 13° | 21° Wind speed: 19km/h, Wind direction: SW, Low tide: 08:03, High tide: 02:21, Low Tide: 20:27, High tide: 14:26 Swakopmund: 14° | 16° Wind speed: 16km/h, Wind direction: NW, Low tide: 08:01, High tide: 02:19, Low Tide: 20:25, High tide: 14:24 Walvis Bay: 13° | 21° Wind speed: 22km/h, Wind direction: W, Low tide: 08:01, High tide: 02:18, Low Tide: 20:25, High tide: 14:23 Rehoboth: 15° | 34° Mariental: 18° | 34° Keetmanshoop: 19° | 34° Aranos: 17° | 34° Lüderitz: 17° | 29° Ariamsvlei: 18° | 34° Oranjemund: 14° | 30° Luanda: 25° | 26° Gaborone: 17° | 32° Lubumbashi: 18° | 30° Mbabane: 13° | 23° Maseru: 10° | 26° Antananarivo: 15° | 32° Lilongwe: 23° | 33° Maputo: 19° | 28° Windhoek: 17° | 33° Cape Town: 15° | 24° Durban: 16° | 22° Johannesburg: 16° | 27° Dar es Salaam: 24° | 29° Lusaka: 21° | 32° Harare: 18° | 29° Currency: GBP to NAD 22.8 | EUR to NAD 19.01 | CNY to NAD 2.46 | USD to NAD 17.56 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.8 | USD to AOA 909.05 | USD to BWP 13.42 | USD to EGP 48.68 | USD to KES 129.2 | USD to NGN 1664.1 | USD to ZAR 17.57 | USD to ZMW 26.66 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1877.92 Down -0.74% | Casablanca Stock Exchange (CSE) MASI 14247.73 Up +0.25% | Egyptian Exchange (EGX) 30 Index 30619.96 Down -0.5% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 782.71/OZ UP +0.27% | Copper US$ 4.36/lb UP +0.16% | Zinc US$ 3 143.00/T UP 0.35% | Brent Crude Oil US$ 71.84/BBP UP +0.58% | Platinum US$ 1 036.36/OZ DOWN -0.0144 Sport results: Premier League: Arsenal 2 vs 2 Liverpool | West Ham 2 vs 1 Manchester United | Crystal Palace 1 vs 0 Tottenham Hotspur | Chelsea 2 vs 1 Newcastle LaLiga: Mallorca 0 vs 0 Athletic Club | Real Sociedad 0 vs 2 Osasuna | Real Betis 1 vs 0 Atletico Madrid | Getafe 1 vs 1 Valencia | Leganés 3 vs 0 Celta Vigo SerieA: Fiorentina 5 vs 1 AS Roma | Inter Milan 4 vs 4 Juventus | Monza 2 vs 2 Venezia | SS Lazio 3 vs 0 Genoa | Parma 1 vs 1 Empoli European Championships Qualifying: Norwich City 3 vs 3 Middlesbrough English Championship: Norwich City 3 vs 3 Middlesbrough Weather: Katima Mulilo: 20° | 40° Rundu: 18° | 39° Eenhana: 16° | 41° Oshakati: 17° | 37° Ruacana: 18° | 37° Tsumeb: 21° | 36° Otjiwarongo: 15° | 35° Omaruru: 17° | 37° Windhoek: 17° | 33° Gobabis: 16° | 34° Henties Bay: 13° | 21° Wind speed: 19km/h, Wind direction: SW, Low tide: 08:03, High tide: 02:21, Low Tide: 20:27, High tide: 14:26 Swakopmund: 14° | 16° Wind speed: 16km/h, Wind direction: NW, Low tide: 08:01, High tide: 02:19, Low Tide: 20:25, High tide: 14:24 Walvis Bay: 13° | 21° Wind speed: 22km/h, Wind direction: W, Low tide: 08:01, High tide: 02:18, Low Tide: 20:25, High tide: 14:23 Rehoboth: 15° | 34° Mariental: 18° | 34° Keetmanshoop: 19° | 34° Aranos: 17° | 34° Lüderitz: 17° | 29° Ariamsvlei: 18° | 34° Oranjemund: 14° | 30° Luanda: 25° | 26° Gaborone: 17° | 32° Lubumbashi: 18° | 30° Mbabane: 13° | 23° Maseru: 10° | 26° Antananarivo: 15° | 32° Lilongwe: 23° | 33° Maputo: 19° | 28° Windhoek: 17° | 33° Cape Town: 15° | 24° Durban: 16° | 22° Johannesburg: 16° | 27° Dar es Salaam: 24° | 29° Lusaka: 21° | 32° Harare: 18° | 29° Economic Indicators: Currency: GBP to NAD 22.8 | EUR to NAD 19.01 | CNY to NAD 2.46 | USD to NAD 17.56 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.8 | USD to AOA 909.05 | USD to BWP 13.42 | USD to EGP 48.68 | USD to KES 129.2 | USD to NGN 1664.1 | USD to ZAR 17.57 | USD to ZMW 26.66 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1877.92 Down -0.74% | Casablanca Stock Exchange (CSE) MASI 14247.73 Up +0.25% | Egyptian Exchange (EGX) 30 Index 30619.96 Down -0.5% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 782.71/OZ UP +0.27% | Copper US$ 4.36/lb UP +0.16% | Zinc US$ 3 143.00/T UP 0.35% | Brent Crude Oil US$ 71.84/BBP UP +0.58% | Platinum US$ 1 036.36/OZ DOWN -0.0144