By: Natasha Archary
The Quarterly Employment Statistics (QES) released by Statistics South Africa reveals 97 000 jobs were lost between March 2022 and March 2023.
This is, according to the DA, an indictment on the ANC, and a clear sign of a failing state and an uncaring government.
Koketso Mano, FNB Senior Economist joins Gugulethu Mfuphi on Kaya Biz to unpack what this means, particularly for the formal non-agricultural sectors of the economy.
Listen to the conversation on Kaya Biz:
With a view that ANC policy has created both the world’s highest youth unemployment rate, as well as one of the worst performing public education systems, the DA is of the opinion the jobs bloodbath in the country will only worsen with the ANC’s race quotas.
“Between a stagnating and receding economy, and a growing population that is ill-equipped for the working world, the ANC is solely responsible for South Africa’s jobs bloodbath and the state of despair millions of South Africans find themselves in.
To add insult to injury, the ANC’s introduction of race quotas in the South African labour market will hammer the final nail in the coffin for the South African economy, further entrenching poverty and misery into the lives of the South African people.
Under the ANC’s race quotas, 600 000 currently employed South Africans stand to lose their jobs based on nothing more than the colour of their skin.
Until these draconian race quotas are removed, South Africa can expect more catastrophic employment statistics in quarters to come.”
The DA says the rate of unemployment in the country is already disastrous, and finds that the ANC’s introduction of race quotas will only make finding a job more difficult for millions of citizens.
