The EFF says that the 0. 4% growth in the second quarter of 2024 has not translated into job creation or real improvements for the majority of South Africans.
EFF leaders call out what they see as misleading economic figures, arguing that South Africa ’s growth is built on the backs of the struggling majority. Picture: Itumeleng English / Independent NewspapersThe Economic Freedom Fighters have dismissed the recent GDP growth figures released by Statistics South Africa as"misleading", accusing the government and financial institutions of creating a false narrative of economic recovery while key sectors continue to struggle.
The people of South Africa should never be hoodwinked into celebrating what must correctly be seen as jobless growth." The party further pointed out that unemployment in the agricultural sector alone rose by 45,000 people during this period, undermining any claims of economic progress. "The financial sector has grown on the back of the suffering of South Africans who are repaying high amounts on their homes, vehicles, and debts, and in many instances, losing these assets to the financial sector because they can no longer afford them," the statement added.
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