Capitec calls for unemployment metric to be reconsidered

JOHANNESBURG - Capitec CEO Gerrie Fourie recently called for South Africa's unemployment stats to be reexamined.

READ: Unemployment rate climbs to 32.9%

He argues that the current numbers do not take into account the country's vast informal sector.

The Department of Trade, Industry and Competition has also questioned the numbers.

Francois Viviers, a group executive of Marketing and Communications at Capitec, discussed their proposal with eNCA.

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