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Are 20-million black South Africans unemployed, compared to 1.6-million in 1994? Viral graphic gets it wrong

A graphic widely shared in South Africa appears to lay bare in stark numbers the agony of high unemployment in the country. The graphic, posted in June 2021 on Facebook, makes the claim that black unemployment was at least 10 times more in 2020 than in 1994, when the ruling African National Congress (ANC) came to power. ....

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Upcoming 2020 GDP data to show true devastation of Covid-19


Upcoming 2020 GDP data to show true devastation of Covid-19
By Dieketseng Maleke
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Statistics South Africa will on Tuesday next week release the fourth quarter (Q4) and full-year (2020) Gross Domestic Product (GDP) report.
The data will come hot on the heels of the national budget, tabled just last week (February 24) by finance minister, Tito Mboweni. In his speech, the minister upwardly revised South Africa’s growth prospects, citing improved global conditions and the easing of lockdown restrictions.
He now expects the domestic economy to have contracted by -7.2% for 2020, a slight improvement from the -7.8% contraction that he had projected in October 2020, when tabling the medium-term Budget Policy Statement (MTBPS). ....

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