Between 1994 and 2012, the rate of unemployment among white people increased from 3% to 5.7%.
While this is a significant increase, the actual rate remains remarkably low by national standards. For example, in 2012, 29% of black South Africans were unemployed. Black people were therefore five times more likely to be unemployed.
The white unemployment rate was low, even when compared to a host of international benchmarks. In the US, for example, the rate in 2012 was 7.6%, in Britain 7.9% and 7.2% in Canada.
“In 1994, 75% of the white population earning over R500 000 a year were formally employed, receiving salaries and bonuses. By 2009, this figure had been completely reversed and
75% of whites in this income category were self-employed, either as owners of businesses or as consultants or agents.”