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Why SA has 32.9% unemployment and Zimbabwe 8%

  • Capitec CEO suggests SA true unemployment rate around 10% considering informal sector.
  • Stats SA refutes claim, states already measure informal sector but seeks better data.
  • Brazil and India also measure informally, affecting their low reported unemployment rates.
  • ILO working on global informal sector measurement standard for more accurate comparisons.
  • Stats SA implementing new informal employment definition for improved data on sector.

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