S.A Union Saftu Blames Capitalism for South Africa’s Rising Unemployment Crisis

 

South Africa’s union federation, Saftu, attributes the country’s soaring unemployment rates—8.3 million officially and 12.3 million in expanded figures—to capitalism. The latest labour force survey reveals alarming youth unemployment rates of 46.6% and 70%. Saftu’s Trevor Shaku criticized capitalism for its failure to generate local job opportunities.

 

Meanwhile, Cosatu’s Matthew Parks has urged immediate action, for increased job creation initiatives. He emphasised the need for a bold Medium-Term Budget Policy Statement to tackle this crisis effectively: