Capitec CEO sticks with jobless rate view in talks with presidency
Stats SA is open to ‘exploring the development of a statistical register for small-scale and informal businesses’
04 July 2025 - 12:12
UPDATED 07 July 2025 - 05:00
Capitec CEO Gerrie Fourie stood his ground when he met a government delegation last week, repeating his assertion that SA’s unemployment rate is much lower than the official data suggests.
Fourie, who has led the expansion of Capitec over the past decade, met the presidency and senior officials from Stats SA and the National Treasury to discuss his comments, reported by Business Day, that the country is not properly accounting for the informal sector...
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