"Cabinet has taken a decision to draft a plan to develop least
developed parts of the country in an attempt to stimulate the economy,
especially among the uneducated youth," cabinet minister Gugile Nkwinti
told a media briefing.
A "no
job" sign is placed at the entrance of the Aurora gold mine outside
Johannesburg, South Africa. August 13 2010.
South Africa's
cabinet said on Thursday it was taking measures to deal with stubbornly
high unemployment rate which spiked to a record in the first quarter in a
country where economic growth has stagnated.
The
wobbly economy has raised the stakes ahead of local elections on Aug. 3
which analysts say will be the sternest political test that the ruling African National Congress has faced since coming to power in 1994.
Data released on Monday showed unemployment had risen to 26.7 percent in the first quarter.
Forecasts
for growth in Africa's most industrialized economy have fallen to below
1 percent for 2016 as a global commodity slump drags on and rising
inflation curbs domestic spending.
"Cabinet
has taken a decision to draft a plan to develop least developed parts of
the country in an attempt to stimulate the economy, especially among
the uneducated youth," cabinet minister Gugile Nkwinti told a media briefing.
Nkwinti said the government would focus more on technical education for youth in the country to improve employment.
South
Africa, one of the world's biggest metals producers, has been hit by a
slide in commodities prices which has come on top of widespread labour
unrest in the mining industry.
Moody's late on
Friday left its rating of South Africa debt unchanged, but the other big
ratings agencies are expected to release their own reviews in the
coming weeks.
Speaking at the same briefing,
minister Nosiviwe Mapisa-Nqakula said the cabinet would soon propose new
legislation to address racism and hate speech.
A
white South African judge was this week accused of making racist
comments in the latest incident in a series of race rows that once again
drew attention to enduring racial tensions more than two decades after
white minority rule ended.
High Court Judge Mabel
Jansen was put on special leave by the justice minister while the
complaint against her is investigated. Jansen has said her comments were
taken out of context.
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