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Vol 51 No 10

Published 14th May 2010


South Africa

Zuma’s economic tightrope

The President has endorsed Trevor Manuel’s pro-market policy plans and is struggling to keep the left on side

More than a quarter of all South Africans seeking work in the formal economy cannot find it. The urgency to get the new National Planning Commission up and working was shown by figures just released, which reckon that the unemployment rate for the first quarter of 2010 increased by 0.9% to 25.2%. Hailed as a brilliant Finance Minister under then President Thabo Mbeki, Trevor Manuel has spent nearly a year coming up with the 24 commissioners for the NPC, the body he heads that will coordinate long-term development planning.

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