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BJC Submission to Finance Committees on Supplementary Budget 2020

The 2020 austerity budget is politically reckless and socially and economically destructive.

The traditional South African approach by economists, business and government to solving the country’s unemployment challenge revolves around addressing issues like skills, labour laws, labour brokers, strikes, wages, equity, and related microeconomic aspects. While these issues do matter, this approach does not fully address the nature of the problem. It is precisely because of this approach that past efforts to curb unemployment have failed to yield desired outcomes. Unemployment or employment is a macroeconomic Phenomenon and should be addressed at this level.