Publications > International research reports

South Africa economic update: Jobs and South Africa's changing demographics


Date posted:

2022/11/01

Publication year:

2015

Corporate author/s:

World Bank

Output-type:

research report

Format:

pdf

This seventh issue of the World Bank's Economic Update for South Africa focuses on the challenges posed by changing demographics and its implications for jobs and labor markets in South Africa. Its analyses center on how job creation, higher savings, and a sharper focus on improving the human capital of school leavers and the unemployed can create the enabling conditions for the growing working-age population to spur growth and improve living standards. It underscores the importance of job-intensive growth and the need for the education and training system to produce a more skilled workforce better attuned to evolving labor market demands. This and much more is discussed in greater detail in this report, which uses evidence-based analysis to draw its conclusions and recommendations. The report also presents recent economic developments in South Africa, where on-going power outages, difficult labor relations, and policy uncertainty have compounded external headwinds from lower commodity prices and slowing growth in China.

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