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Unemployed South African men line a road outside Cape Town to offer their services as construction or farm workers for roughly $8 per day. South Africa may boast Africa's richest economy, but with unemployment running at an estimated 40 percent (mostly affecting black South Africans), the longevity of that prosperity remains in doubt. Reducing unemployment has become the top goal of President Thabo Mbeki's reelection campaign. His solution? Lowering interest rates to stimulate growth and launching an ambitious government initiative to revitalize infrastructure, build housing, expand welfare benefits, and more.
Photo: Mike Hutchings/Reuters
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