Municipality: It could take 2 years to rebuild Durban’s economy Updated
Steve Bhengu
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eThekwini says given the impact of the COVID-19 pandemic the spike in KZN s unemployment rate has come as no surprise.
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According to Stats SA, it jumped from 14% in the third quarter last year to 20.-5% in the fourth quarter.
The national picture s also disappointing.
During the same period, the figure increased from 38% to 32.5%. The Municipality s Msawakhe Mayisela says the City s expected to lose more than R30 billion in income.
It could take two years to rebuild eThekwini s economy, We should also be straight forward or state categorically that it is not largely the responsibility of the city to create employment but the private sector also has a huge responsibility to ensure that it invests in the City so job opportunities are created.