Cosatu’s furious response to an IMF report on SA’s economy shows our economic thinking is out of sync with the global environment, writes Allister Sparks
Robyn Dixon's insight:
"The harsh reality is that our decrepit education system is disgorging about a million inadequately educated, unskilled young people into the labour market every year, counting the dropouts and those who fail even the downgraded 30% matric pass rate. We know we need a 7% growth rate every year for the next 10 to 20 years to stop the number of young unemployed people ballooning exponentially."
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