Extent of the current crisis

• 2009-June 2010 – 1,1 million jobs lost

• 5,5 million South Africans have been pushed deeper into poverty

• 48% of our people live in poverty; 58% of Africans

• CEOs of 20% of the top JSE companies earn 1728 times the wage of an average worker

• 25% of the population rely on state grants

Source

Numsa Bulletin No 21