How to reduce unemployment rate in south africa
The Centre for Development and Enterprise (CDE) also called for policy reforms that would reduce unemployment. "Instead, South Africa’s policies raise the cost of doing business, discourage employment and reduce the economic growth rate," the CDE said in a statement. On Thursday, the World Bank cut its forecast for South Africa’s economic growth for 2016, to 0.4%, from 0.8% in April. The World Bank forecast economic growth of 1.1% for 2017 and 1.8% in 2018. Reducing Youth Unemployment in South Africa. Vignesh Shankar, Ansulie Cooper, Harvey Koh. Topics: Global Development, Shared Value, Inclusive Markets . Share South Africa is faced with a crisis of high and rising youth unemployment. Throughout the country, only 1 in 3 young people of working age is employed.