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Migration Fuels Growth, Not Drains | Johannesburg News

Migration Fuels Growth, Not Drains | Johannesburg News

Published 1 week ago
Description

Sim Tshabalala, Standard Bank’s CEO, delivers a bold defense of migration, arguing that restricting movement—like Brexit’s fallout—harms economies, not helps them. He highlights migrants as vital contributors: consumers, tenants, entrepreneurs, and tax-payers who create jobs and reduce unemployment. This comes as South Africa gears up for sweeping immigration reforms, with a new white paper consolidating laws. Tshabalala counters anti-immigrant myths with data, stressing migrants fill labor gaps, bring skills, and fuel demand. Former President Motlanthe and MTN’s Mcebisi Jonas join him, blaming governance and infrastructure—not migrants—for South Africa’s economic woes, affirming that managed migration has long been a cornerstone of national growth.

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