The Money Show

The president shoves through the NHI bill; SA's jobless rate edges to 33%


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As President Cyril Ramaphosa prepares to sign the National Health Insurance Bill (NHI) into law on Wednesday, May 15, 2024, giving reasons that the “move will revolutionise South Africa's healthcare system, aiming for universal coverage of health services”. However, experts within the health sector joined Bruce Whitfield to express their concerns about the current state of the bill; and offer insights into potential paths forward.



South Africa's Q1 unemployment rate surged to 32.9%, with 8.2 million unemployed despite a slight uptick in employment. Youth joblessness remains high at 4.9 million, though slightly decreasing to 44.5%. While formal sector jobs rose by 56,000, the informal sector lost 100,000 positions. Regional disparities persist, with some provinces showing gains while others declined. Isaah Mhlanga , chief economist at RMB discusses how bad the situation is. 

 

Warren Ingram, co-founder of Galileo Capital and personal finance and Bruce Whitfield delve into the essential strategies for achieving genuine financial freedom. Warren explains why relying solely on your retirement fund or RA is not enough for securing your retirement goals; and he explores alternative avenues for building a robust financial future.

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