Several African governments had promised to eradicate poverty & bring progress. Public also gave them many years. However, the outcome is quite different!
South Africa set some big goals for its future in 2012, but it seems they’re falling behind. The National Planning Commission (NPC) had a plan to make the country better by 2030. They wanted more jobs, more money for investments, and less poverty and inequality.
Now, after ten years, they looked at how things are going, and it’s not looking great. Five of their goals got worse, one stayed the same, and only three improved. But even those three aren’t doing as well as they hoped.
The economy, which means how much money the country makes, didn’t grow as fast as they wanted. And more people don’t have jobs now compared to when they started. That’s a big problem because people need jobs to make money and have a good life.
Investment, which is when people and companies spend money to make the country better, also went down instead of up. They wanted it to be 30% of the country’s money, but it’s only 14.1%.
Some things did get better, like more people are working now than before. But the number of jobs still needs to grow a lot to meet the goal for 2030.
The news about missing most of the 2030 development targets is indeed disheartening. It’s painful to see that economic growth has stagnated.
The unemployment has risen, and poverty and inequality remain deeply rooted. We understand the importance of the state working closely with the private sector to address these issues.
The past years have been challenging, with setbacks in economic progress. Corruption and the mismanagement of resources have played a significant role in hindering our nation’s development. We can only hope for a brighter future where these issues are effectively tackled.
One glimmer of hope is the increase in the labor force participation rate and the rise in employment numbers. However, we must acknowledge that there’s still a long way to go to meet the ambitious 2030 targets.
Inequality remains a stubborn problem, and South Africa’s reputation as the most unequal country in the world is a stark reminder of the work that needs to be done.
One big problem is that the country is still very unequal, which means some people have a lot of money, while many others have very little.
So, South Africa has some work to do to reach its goals. We need to find ways to make the economy grow faster, get more people jobs, and reduce inequality. It won’t be easy, but it’s important for the country to get better for everyone.