The real unemployment rate in SA is 38.5%

LaraC

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Mar 11, 2014
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“Significantly more urgency is required with the implementation of structural reforms to stem the economic and fiscal deterioration currently being experienced in the SA economy,” said Nedbank CEO Mike Brown.
Which structural reforms might that be?

It seems as if government is dead set in propping up falling SOE's, implementing unsustainable project such as the NHI and increasing personal and corporate tax.
Not to mention regulating business to death. :(
 

dualmeister

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Oct 15, 2005
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Ah NHI. Can't wait to pay for those 40% not contributing.
 
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Vrotappel

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Feb 22, 2005
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What we actually must report is the employment rate. Total people employed/total population.
 

Vrotappel

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6-year-olds aren't allowed to work
It does not really matter. It will give a better indication of how screwed a country is.

We actually have a stat on this.

South Africa Employment Rate

In South Africa, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - South Africa Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Employment Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual - 42.44%
Employed Persons - 10 174 000
Source
 

Pythonista

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Dec 28, 2009
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Worth pointing out that at the height of the Great Depression in 1920s/early 30's, the US unemployment rate was under 30%. Now that's depressing.
 
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