President Cyril Ramaphosa’s first, biggest and most important post-election priority is to fix the education system
We can’t go over it and we can’t go under it, we just have to go through it. The biggest obstacle to sustained growth in the South African economy is a structural problem that stems from a devastating lack of investment in human capital.
No matter the results of the 2019 national elections, South Africa’s economy is expected to remain in low-growth territory for at least the next two to three years. In April, the International Monetary Fund (IMF) revised the country’s projected GDP growth rate for 2019 down from 1.4% to a meagre 1.2%. The outlook for 2020 may be slightly better at 1.5%, but it remains well below the 4% growth rate required to reduce unemployment and make a meaningful dent in poverty and inequality. Beyond 2020 the IMF warned that “structural bottlenecks continue to weigh on investment and productivity” and that growth was likely to stabilise at around 1.75%…..more