Capitec Chief Executive Officer, Gerrie Fourie, recently said that the unemployment rate, which was 32.9% for the first quarter and is among the highest globally, would be closer to 10%

Published Jun 12, 2025, 3:55 PM

Capitec Chief Executive Officer, Gerrie Fourie, recently said that the unemployment rate, which was 32.9% for the first quarter and is among the highest globally, would be closer to 10% if self-employed people and those working in informal markets are counted. I had a conversation with former statistician general, Dr. Pali Lehohla, about this yesterday. Economic analyst, Duma Gqubule, had a conversation with the Capitec CEO and he now joins me on the line to talk about this issue…

 

GUEST: Duma Gqubule, Economic Analyst

 

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