South Africa - No Country for Young People


If we want to give young people a fair shot, we need to stand up to public-sector unions, cut costs, and open up our state monopolies to competition. And we need to lower the barriers that lock young people out of our economy by exempting them and small businesses from the more restrictive labour market regulations.

A generational injustice of epic proportions is playing out on the national stage. In the six-year period from 2015/16 to 2021/22, South Africa will be borrowing a billion rand a day, every single day to pay our bloated public sector wage bill and prop up failed state-owned companies. As Finance Minister Tito Mboweni was revealing this bleak fact last week, StatsSA announced that youth unemployment (including those young people who have given up even looking for work) had now breached the 70% mark.

Young people are paying the heaviest price in South Africa. They're locked into debt and locked out of the economy. Not only are we shamelessly spending on their credit cards, the system has also been rigged to favour incumbent workers and large firms over job seekers and new businesses. The cold-blooded truth is that young people are the sacrificial lambs on...

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