SA’s economy isn’t collapsing but growth remains insufficient

As the number of people sharing in the economy continued to grow rapidly, increasingly modest economic growth was no longer sufficient to sustain rising living standards for the average citizen.

The real constraint lies elsewhere: SA has not attracted sufficient investment, grown fast enough or expanded productive capacity sufficiently to lift living standards and reduce unemployment on the scale required.

The economy keeps moving forward, yet unemployment remains painfully high, because growth consistently falls short of what the labour market demands.