Updated: Jan 22, 2019
This paper uses the most recent data available to set out three scenarios of future employment growth in the short-term and links these to policy recommendations to stimulate higher employment growth. A 2013 forecast released by the South African Reserve bank detailing three scenarios for employment up to 2025 assumed continued economic growth of between 3% and 4% in its baseline scenario. Since then, economic growth has slowed considerably, and these scenarios no longer hold. For this reason, we have decided to re-evaluate some of the most important factors influencing employment growth in South Africa.