The outcry was swift when Capitec CEO Gerrie Fourie dared to challenge South Africa’s sacred unemployment statistic. “The unemployment rate is probably actually 10%,” he contended, arguing that Stats SA’s headline figure of 32.9% ignores the vibrant informal economy where “everyone is doing something.” Critics were quick to dismiss him as ignorant, unscientific, even a… Continue reading The Statistical Mirage: Why Capitec’s CEO Is Forcing SA to Rethink Its Unemployment Narrative
Tag: Youth unemployment
Matric Results Conceal The Submerged Body of an Iceberg
The matric results came out this week: Free State came out tops, and Limpopo was at the bottom. At least that is what we are supposed to read from the percentages in order to be joyous or sad. The debate as usual will continue to focus on trivial things like the reasons why Limpopo is… Continue reading Matric Results Conceal The Submerged Body of an Iceberg
South Africa To Extend Mass Training For Unemployed Citizens
South Africa’s Department of Employment and Labour will extend the Unemployment Insurance Fund’s (UIF) Labour Activation Programme (LAP), set up to train those without permanent jobs, to several provinces. According to Thulas Nxesi, South Africa is in the middle of an ever-changing technological era and this requires adaptation. As such, he said, there was a… Continue reading South Africa To Extend Mass Training For Unemployed Citizens
The Spectre of Youth Unemployment in SA Is A Reminder That The Liberation Struggle Has Not Yet Fulfilled The Freedom Charter’s Promises
Unemployment is one of South Africa’s biggest tragedies. Statistics South Africa’s Quarterly Labour Force Survey (QLFS) for the first quarter of 2023 has painted a grim picture of the youth unemployment rate in the country, which increased by 1.1 percent to 46,5 percent this year. Around 11% of workers who should be working are unemployed.… Continue reading The Spectre of Youth Unemployment in SA Is A Reminder That The Liberation Struggle Has Not Yet Fulfilled The Freedom Charter’s Promises
