EEB will push SA’s unemployment rate through 50% - IRR
18 March 2022
More than half of South Africa’s workforce will be condemned to joblessness if the economically catastrophic provisions of the Employment Equity Amendment Bill (EEB) come into force.
This warning was made yesterday in an online briefing on the likely legal, economic, and societal consequences of the EEB by senior Institute of Race Relations (IRR) analysts, Head of Policy Research Dr Anthea Jeffery, and Head of Campaigns Gabriel Crouse.
They said such legislation should not even be on the table in South Africa at this time and would, if implemented, seriously damage any chances of the country attaining meaningful growth.
Should the Bill become law South Africa will breach the 50% unemployment mark (on the expanded definition), because the EEB will deter even more domestic and Foreign Direct investment, erode service delivery even further, while driving State Capture 2.0. The trend of counterproductive policies that have stumped recovery and contributed to more than 46% unemployment (on the expanded definition) will be accelerated by the EEB to breach the 50% mark.