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Lamgoodle wrote:Awdal, go and learn economic growth, GDP and development and come back.

I have read the south african government report and it is about equity in contrast to efficiency; there is always a trade off between the two.

The economic history of south africa after the apartheid regime collapse is one of success if you measure using it various indicators and indices.

There is however a long road to go because the problems created by apartheid will take many decades to dismantle.

It is easy to quote an apartheid nostalgic website but the facts are there.

Unemployment

South Africa has an extreme and persistent high unemployment rate, which interacts with other economic and social problems such as inadequate education, poor health outcomes and crime.[39] In the third quarter of 2010, 29.80% of blacks were officially unemployed, compared with 22.30% of coloureds, 8.60 of Asians and 5.10% of whites.[40]

The unemployment rate has fuelled crime, inequality and social unrest. The global economic downturn has made the problem worse, wiping out more than a million jobs. In September 2010, over a third of South Africa’s workforce were out of work, and so were more than half of blacks aged 15–34, three times the level for whites.[41] Some experts contend that higher wages negotiated by politically powerful trade unions have suppressed job growth,[41] while a study by Harvard economist Dani Rodrik found that the shrinking of the manufacturing sector - rooted in structural problems such as South Africa's history of apartheid - was more to blame for rising unemployment and low growth.[42]

In the second quarter of 2010, the jobless rate increased to 25.3%, and the number of people with work fell by 61,000 to 12.7 million. Rising unemployment may curb consumer spending, which accounts for two-thirds of demand in the economy. The biggest decline in employment was recorded in the manufacturing industry, which shed 53,000 workers. Agriculture lost 32,000 jobs, employment in the construction industry fell by 15,000. Over 60% of those who are unemployed have been without jobs for more than a year.[43]