What this segment of the labour market needs, in the longer run, is more and better education to open the highly skilled job market to more South Africans and better match what students study with the skills required by the private sector.
7 That’s where we need to go. There are a series of product and labour market reforms that can help us get there. Start with product markets, which offer us our most attractive reform opportunities. OECD 8 studies of product market regulation show that South Africa has unusually high barriers to entry for new businesses.