Friday, May 29, 2015

Zwelinzima Vavi labels unemployment levels as catastrophic

Loyiso Langeni
29 May 2015

Zwelinzima Vavi has raised his concern regarding unemployment statistics in South Africa.

This as Stats SA released the first quarter stats which show that unemployment has increased to 26.4 percent.
He added that the country is facing intolerable levels of unemployment has it is also having a negative effect on the economy.

Vavi said we are clearly on a knifes edge and now we have record breaking levels of unemployment at 36% it is beyond catastrophic levels.

“With unemployment combining with poverty were 64.3% of the population are living in poverty. We have become the number one country with most inequalities and we have corruption running out of hand” Vavi added.



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