Talking Point 20.10.2018 02:23 pm

South African policies need to recognise the diversity of informal economies

Informal employment makes up roughly a third or 5 million of total non-agricultural employment in South Africa’s workforce.

South Africa is currently mulling over ideas and agreements that recently came out of a two-day jobs summit. The country is losing the battle against high joblessness. The latest figures show unemployment stood at 27.2% during the second quarter of this year. The number is much higher, close to 40%, when discouraged work seekers are included. This is very high by international standards since the average global unemployment rate is 7.6% while the same figure for African countries is 8.8%.

South African policies need to recognise the diversity of informal economies
South African policies need to recognise the diversity of informal economies

South African policies need to recognise the diversity of informal economies

Informal employment makes up roughly a third or 5 million of total non-agricultural employment in South Africa’s workforce.

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