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South African cabinet says to take measures to curb rising unemployment
12/05/2016 00:00:00
by Reuters
 
 
RELATED STORIES

CAPE TOWN: South Africa's cabinet said on Thursday it was taking measures to deal with stubbornly high unemployment rate which spiked to a record in the first quarter in a country where economic growth has stagnated.

Data released on Monday showed unemployment had risen to 26.7 percent in the first quarter. Forecasts for growth in Africa's most industrialized economy have fallen to below 1 percent for 2016 as a global commodity slump drags on and rising inflation rates curb domestic spending.

"Cabinet has taken a decision to draft a plan to develop least developed parts of the country in an attempt to stimulate the economy, especially among the uneducated youth," cabinet minister Gugile Nkwinti told a media briefing.

Nkwinti said the government would focus more on technical education for youth in the country to improve employment.

 

 



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