> South Africa’s unemployment rate surged to the highest on a global list of 82 countries monitored by Bloomberg.<p>Big difference, I knew this was not the highest in the world, because I come from Africa too and there are worse countries than SA unemployment wise.
I don’t know why small countries don’t outsource their land registries like they do with printing cash and dual listings of stocks on foreign markets. Would make bringing in foreign investment so much easier.
Quoting the article:<p>"South African companies’ ability to hire is undermined by an education system that doesn’t provide adequate skills, and strict labor laws that make hiring and firing workers onerous. The apartheid-era strategy of placing so-called townships, where many Black citizens were compelled to live, on the periphery of cities also makes it difficult for residents to access the formal jobs market."