“South Africa is a bomb waiting to explode, all it needs is a little match to spark it and it will go up in flames,” warned political economist, Moeletsi Mbeki.Speaking to CNBC Africa in an exclusive interview, Mbeki the younger brother to the former President, Thabo Mbeki said the government needed to do more to create employment in the agriculture sector.

“South Africa is a country with huge amounts of tension in terms of the underperformance of its economy,” said Mbeki.“We have a 40 per cent unemployment rate among Africans and 30 per cent unemployment rate amongst coloured [people] which are the two largest populations in this country.”Mbeki warns that with those levels of unemployment, the country is bound to have tensions, political and social instability with locals venting their anger and frustrations on foreigners.

He concurred that the country was moving towards an 'Arab Spring' uprising largely because the population was highly dependent on the urban economy which was completely commercialised.

“The country needs to have an economy that creates employment because we dont have the cushion of peasant agriculture like other regional economies,” he added.

According to Mbeki, about 50 per cent of people between the ages of 15-24 years are unemployed with the rest of Africa having about 11 per cent which was resulting in criminal activities and instability as these young people had nothing to occupy themselves with....continue reading...

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