give us more insight into unemployment in south africa is bronwyn seaborne she is a news editor and anchor at business day t v welcome bronwyn bronwyn can you tell us unemployment is sitting at a record high in south africa what it has contributed to this. so as you mentioned a little earlier record high for us is 29 percent and just to put that into perspective that means that 6650000 people are sitting with work they are a couple of reasons why but the main reason comes down to a lack of investment in the economy 1st seen not only by the private sic to confidence levels but also by government because government is so fiscally construct and they just don't have the money to invest it back into the economy because they're supporting all struggling state owned enterprises. and do you see the situation raising the potential for social unrest. absolutely there is definitely the raised risk of social unrest and for example banks have been planning for the 4th industrial revolution and that means that they're going to be closing a lot of branches and that's going to come with a lot of job losses and all main banking union which is. they'

bronwyn cmon joins us now from johannesburg bronwyn some say interest rates need to go down to boost the economy why did the central bank decided to sit still this time. absolutely if you look at our growth picture it would seem that we should definitely have cut today but i was speaking to an analyst after the announcement and she said that it's launch day because we have the medium term budget policy statement being presented at the end of october and that is unlikely to draw a very pretty picture of the currency of the country's finances because of how we are having to support state owned enterprises and because of that we're going to have a lot of currency risk where we could see that impact inflation so she believes that we just needed that little bit extra breathing room so that's why the south african reserve bank kept rates on hold today there was some hope that. this meeting what seems to been taken off the table. up until the announcement to the off to noon a lot of analysts had expected that rates would be cut at the november meeting and certainly a lot of what was see tod