Cape Town – Save South Africa has blamed the country’s entry into a second recession in eight years on the “recession president” Jacob Zuma.
“The Save South Africa campaign is concerned, but not surprised, at the figures released by Stats SA (Statistics South Africa) yesterday, which confirm that South Africa is officially in a recession,” it said in a statement on Wednesday.
Stats SA revealed on Tuesday that the country is in a technical recession for the second time in eight years, as gross domestic product contracted by 0.7% for the first quarter of 2017.
This followed the disclosure by Stats SA on Friday that unemployment in its broad definition increased in the first quarter of 2017 to 36.4% from 35.6% in last quarter of 2016. This means, said Stats SA, that an estimated 9.3 million people in South Africa want to work, but can't find a job.