South Africa Can Add 1.2 Million Jobs by 2030, McKinsey Says
South Africa Can Add 1.2 Million Jobs by 2030, McKinsey Says
(Bloomberg) --
Digitization and automation advancements could add 1.2 million jobs in South Africa by 2030, McKinsey & Co. said in a report Thursday.
Technology-related gains could triple South Africa’s productivity growth, more than double growth in per-capita income and add more than a percentage point to the real gross-domestic-product growth rate over the next decade, the report said.
Still, McKinsey cautioned “concerted action will be needed from businesses, government, labor organizations and educational institutions” to realize the gains.
To contact the reporter on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net
To contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Liezel Hill, Andre Janse van Vuuren
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