3 ms·

Quoting the article: "South African companies’ ability to hire is undermined by an education system that doesn’t provide adequate skills, and strict labor laws

Quoting the article: "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."

viro 5y ago
.... yea im sure it has nothing to do with the massive deadly riots that tore apart parts the country ... ¯\_(ツ)_/¯
- m0llusk 5y ago
  That is a really shortsighted view of the situation. The riots are relatively new and caused by the longstanding social and economic stagnation. The core problems are much more difficult and enduring than breaks in social order.
  - brnt 5y ago
    Moreover, riots are a symptom, not a cause.
    - a0-prw 5y ago
      Sure, riots are definitely a symptom, but the scale and destruction associated with the recent riots could well also be contributing to a rise in unemployment.
      - ldiracdelta 5y ago
        Also recent riots change recent behavior. Why would I construct a new system and buy equipment to do business if I now believe that the government that I pay taxes to won't defend the business from lawless riots. Additionally, why throw good money after bad? If the situation changes on the ground such that a reasonable investment becomes a very poor investment due to the recently changed probability of recouping my costs, why would I pour money into that? Something of this phenomenon was found in the Scottish/English borderlanders as written of in "The Steel Bonnets: The Story of the Anglo-Scottish Border Reivers" . They didn't grow as many crops ( an investment). The Scots were at times driven to only producing assets that they could carry or drive before them such as livestock.
mariuolo 5y ago
> 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. And the new regime couldn't mitigate that problem in almost 30 years? There's a word Bloomberg didn't use: corruption.

viro 5y ago

.... yea im sure it has nothing to do with the massive deadly riots that tore apart parts the country ... ¯\_(ツ)_/¯

m0llusk 5y ago
That is a really shortsighted view of the situation. The riots are relatively new and caused by the longstanding social and economic stagnation. The core problems are much more difficult and enduring than breaks in social order.
- brnt 5y ago
  Moreover, riots are a symptom, not a cause.
  - a0-prw 5y ago
    Sure, riots are definitely a symptom, but the scale and destruction associated with the recent riots could well also be contributing to a rise in unemployment.
    - ldiracdelta 5y ago
      Also recent riots change recent behavior. Why would I construct a new system and buy equipment to do business if I now believe that the government that I pay taxes to won't defend the business from lawless riots. Additionally, why throw good money after bad? If the situation changes on the ground such that a reasonable investment becomes a very poor investment due to the recently changed probability of recouping my costs, why would I pour money into that? Something of this phenomenon was found in the Scottish/English borderlanders as written of in "The Steel Bonnets: The Story of the Anglo-Scottish Border Reivers" . They didn't grow as many crops ( an investment). The Scots were at times driven to only producing assets that they could carry or drive before them such as livestock.

mariuolo 5y ago

> 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. And the new regime couldn't mitigate that problem in almost 30 years? There's a word Bloomberg didn't use: corruption.