A social compact is key to fighting rising unemployment and low growth

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A social compact is key to fighting rising unemployment and low growth
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A social compact is key to fighting rising unemployment and low growth - At its core, the social compact approach calls for increased co-operation and trust between business, labour, community and the government for the betterment of South Africa

. Others, however, do require a broader shift in policy orientation in critical areas, such as land reform.

There usually is success in instances in which business has worked collaboratively with the government. There are a few examples of such cases. Within agriculture, during the port challenges in Durban in 2021 and the unrest in KwaZulu-Natal and parts of Gauteng, theto ensure the security was increased and businesses could move products across the country.

South Africa’s agriculture, food, and beverages exports reached $9.6-billion, up 23% compared with the same period in 2020From a broader development approach, government programmes such as the Jobs Fund have included numerous black farmers into commercial production. There are also positive examples in livestock, field crops and horticulture.

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