Stats SA has defended its methodology in determining employment in SA’s informal sector after criticism from the country’s biggest bank by customers.
Capitec, which has 24-million customers, sparked a national debate after CEO Gerrie Fourie said SA’s high unemployment (https://www.businesslive.co.za/bd/economy/2025-06-10-capitec-ceo-argues-sas-jobless-rate-as-low-as-10/) rate is inflated to some extent because activity in the informal market — which some economists estimate to be worth billions of rand of annually — is not fully accounted for in Stats SA’s calculations...
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