There is no doubt that the SA economy is in crisis, but the real storm is on the horizon. The narrowly defined unemployment rate sits at an appalling 29%, but it is likely to get worse.

More job cuts loom, and the trade unions are already on the warpath as they lose members amid the bloodbath. 

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.