Bloomberg News

Zuma Says South African Economy Won’t Regain Lost Jobs Quickly

June 27, 2011

June 27 (Bloomberg) -- South Africa’s economy won’t grow fast enough to reverse the jobs lost during the recession and create new ones, President Jacob Zuma said.

The economy needs new ways of creating jobs, Zuma said in a speech in Johannesburg today. The government is looking at the mining industry to create more jobs and the country isn’t reaping the full benefits of its mineral wealth, he said.

While the land reform policy hasn’t yielded “desired results,” the issue needs “careful handling,” Zuma said.

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net


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