The relationship between social and environmental factors in ESG
Between now and 2050, based on long-term population and economic modelling, SA needs real economic growth of around 4% p.a. to avoid the unemployment rate reducing further. For every 1% per year lower growth rate, the unemployment rate worsens by between 8% and 10%. Put differently, for every 1% per year real growth reduction between now and 2050, we expect around 3 million additional South Africans to be unemployed by that time. View the Alexforbes stewardship report.