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The Impumelelo Economic Growth Lab is a unit at the BER that focuses on generating policy-relevant work and building capacity to achieve economic success in South Africa. Impumelelo means success.
Yesterday's QLFS release was a reminder of how badly South Africa needs faster economic growth, with 8.1 million people unemployed and another 3.9 million discouraged work-seekers who have given up looking for work. But growth on its own won't close a shortfall of such scale unless it translates into more hiring. This note looks at why economic reform, from infrastructure and service delivery through to product-market regulation, is central to lifting the employment payoff from growth.
