SA's economy is growing; yet, more people are losing their jobs
The economy grew in the second quarter of this year and the SA Reserve Bank forecasts growth of 5.3% for the year, but ever more people are losing their jobs.
PwC chief economist Lullu Krugel says two-thirds of job creation is related to the country’s GDP performance, but factors such as uncertainty about the pace of economic recovery, continued load shedding, rumours of tax increases to fund social spending and the slow progress of Covid-19 vaccinations also play a role.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
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