Low business confidence is the single most important barrier to investment in South Africa, which has directly led to low employment growth, says the Department of Planning, Monitoring and Evaluation (DPME).
In a presentation to parliament this week, the department said much of this stems from inefficient network infrastructure, including:
It cited the recent water crisis in the Lekwa Municipality in Mpumalanga which affected poultry farming and increased production costs for the region’s biggest job creator Astral Foods. Skills and education constraints lock out young people from the job market – particularly in technology and innovation.
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