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Capitec CEO: Rethinking SA’s true unemployment picture.

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Capitec CEO Gerrie Fourie makes the case that South Africa’s real unemployment rate could be closer to 10% not 32.9% if we properly accounted for the country’s informal economy. With 24 million clients and access to trillions of data points, Fourie argues that the vibrant township economy, full of self-employed and informal entrepreneurs, is being overlooked in national statistics.
18 Jun 2025 2PM English South Africa Business News · Investing

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