Messenger The latest South African jobs statistics continue to reflect a shockingly high unemployment rate which will take some doing to reverse. Concerns about the high levels of youth unemployment and the social upheaval this might cause have been widely expressed. Among young people this figure is even higher — at
That is when, he suggests, given the increasingly dire state of the economy, the country, cap-in-hand, will approach the International Monetary Fund for a bail-out which, in turn, will result in a regime change of some kind.
It will more or less be like this: Unemployment would continue to soar.
The budget and trade deficits would continue to rise. Foreign investment along with domestic capital would continue to leave the country. Downgrading by the ratings agencies would continue, resulting in the inevitable junk bond status.
With that, the cost of our debt will sharply rise to a point where it may become impossible to service the debt at all. This, Johnson believes, would signal the final failure of ANC governance —— kissing off their economic sovereignty.
And much more besides. But I think we are in a situation where things have got to get a bit worse before they get better. Everything takes a bit longer than you think. But if you look at our current situation. I think if they were to refuse that deal then, sure, you would see chaos.
The title was retained for the new work, he explained, partly for nostalgic reasons. That earlier book provided an analysis on the survival prospects of the apartheid regime. At the time, he said, white South Africa was in a state of crisis —— this was just after the Soweto riots —— and the possibility of a regime change was on the agenda, but Johnson argued that it would take longer than most commentators suggested, and probably only in the mids.
Although the new work is completely different, he argues that the country was facing a crisis once more and, again, the possibility of regime change was in the air. And if that is ever threatened, it stops, and you do get a regime change. It was a really awful time.
Manufacturing, as a proportion of GDP, had fallen by half since Farming was under the same pressure. Farms are under threat of being taken away.
The fact is that it is even that high is simply due to the fact that we have the highest concentration of mineral resources in the world. A greatly alarmed IMF. I mean, people who are already in employment, quite well paid, suddenly get this enormous bonanza?
This was absolutely crazy. That money should have gone on infrastructure, it would have created new jobs. It would have been good for the economy. Yet you gave it away to people who are already at work.Dear Twitpic Community - thank you for all the wonderful photos you have taken over the years.
We have now placed Twitpic in an archived state. South Africa is one of the most unequal countries in the world. It is often said to be the most unequal, but that is incorrect.
A number of countries, for example Namibia and Seychelles, have higher gini coefficients (the measure most often used to measure income distribution) than does South Africa1. There are a number of other countries .
A paper on the history, current status and future prospects of critical psychology in South Africa. Youth in Africa constituted 19% of the global youth population in , numbering million. The United Nations defines youth as people aged 15 to 24 years.
By , it is predicted that the number of youths in Africa will have increased by 42%. Causes of rape in South Africa. Failure to hold perpetrators to account. In / Rape Crisis saw over 4 rape survivors for direct support. Former president Barack Obama gave his first speech in Africa on Tuesday since leaving the White House, on the th birthday of former South African president Nelson Mandela.
His speech was aimed.