Data provided by iNet BFA
Loading...
See More

Zuma won't create 5 million jobs - DA

Aug 08 2013 22:17 Sapa

(Picture: Sapa)

Related Articles

SA's growth sinks - AfDB poll

Fewer have work since Zuma-promise - DA

SA losing out on 250 000 jobs - report

Youth subsidy could save farm jobs - DA

DA rubbishes Gauteng jobs claim

DA opposes ban on labour brokers

 

Cape Town - The latest African Development Bank data proves President Jacob Zuma will not fulfill his 2011 promise to create five million jobs in 10 years, Democratic Alliance (DA) parliamentary leader Lindiwe Mazibuko says.

Referring to the African Economic Outlook 2013 report, Mazibuko said: "South Africa’s economic growth prospects now fall in the bottom three in Africa, ahead of only Swaziland and Equatorial Guinea."

The report forecasts a 2.8% GDP growth for South Africa.

"The report also shows how South Africa is lagging far behind the continent’s average expected growth rate of 4.7%. Lower growth means that the economy cannot create the millions of jobs needed to eliminate poverty and unemployment," Mazibuko said.

The DA saw this as proof that Zuma's job targets would not be met.

"In fact, since President Zuma took office in 2009, 1.45 million more South Africans have joined the ranks of the unemployed."

Mazibuko said she would table a motion in the National Assembly for MPs to debate Zuma's "poor handling of the economy and his complete failure to meet his promise of creating five million jobs".

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

da  |  lindiwe mazibuko  |  jacob zuma  |  jobs  |  economic growth
NEXT ON FIN24X

Zim leadership in denial

2014-07-28 05:15

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
180 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Life gets tough for OneRandMan

Life is getting a little crazy for OneRandMan. With all his debit orders and credit repayments taken care of, he has little left to spend on tempting extras.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...