‘Economy will pick up’ despite jobs stats, Eskom

South Africa’s economy could see better days ahead, despite the unemployment rate and the Eskom electricity tariff increase, an economist said.

Despite the continued increase of joblessness, this would not reflect on the prospects of a growing economy, professor Bonke Dumisa told The Citizen. “But we are not hoping to see the economic growth rate going far beyond 1% this year. It would be luck if it went beyond 1.5% next year as our population growth rate is close to 2%; we have to manage the two.As unemployment was on the rise, Eskom has irked municipalities and businesses by increasing electricity tariffs.

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