Covid update: 2 Million jobs lost in lockdown, 903 new cases recorded

Covid update: 2 Million jobs lost in lockdown, 903 new cases recorded

South Africa has once again recorded less than 1 000 new coronavirus cases, however, despite the plateau in infections, the pandemic has had a devastating affect on citizens.

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The latest Covid-19 statistics show the country recorded only 903 new cases in the past day. However, other reports highlighted more worrying stats.

According to the quarterly labour force survey (QLFS) on Tuesday, millions of South Africans lost their jobs during the lockdown. took a look at the latest coronavirus news:

1. South Africa has 672 572 confirmed cases

As of Tuesday evening, South Africa recorded 903 new Covid-19 cases, putting the total number of cases at 672 572.

However, 606 520 have already recovered, meaning the country maintains a recovery rate of just over 90%.

Taking to Twitter, Dr Zweli Mkhize shared the latest stats:

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Covid update: SA records 188 new coronavirus deaths after data delay

Covid update: 2 Million jobs lost in lockdown, 903 new cases recorded
The total number of confirmed Covid-19 cases is 672 572 and the total number of recoveries is 606 520. Photo: @DrZweliMkhize / Twitter.
Source: Twitter

According to the health minister's latest stats, the country recorded 81 new fatalities on 29 September, putting the total number of deaths at 16 667.

2. Covid-19 cost millions of South Africans their jobs

The quarterly labour force survey (QLFS) was finally released on Tuesday, and it showed worrying stats.

According to the QLFS, SA's struggling economy shed 2.2 million jobs during the second quarter. The survey further found that a fifth of those still employed had to take pay cuts during lockdown.

Despite the concerning findings, the official unemployment rate dropped to 23.3%. President Cyril Ramaphosa has since vowed to replace all the jobs lost during the pandemic.

3. Capitec's headline earnings for the past six months fell by 78%

Capitec has been hit hard by the Covid-19 pandemic. According to Business Tech, the financial services group recorded earnings of R650 million for the six month period, which ended August.

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This translates to a whopping 78% decrease. According to a report released on Wednesday, operating profit before tax decreased by 86% to R538 million - in the previous year this was R3.83 billion.

Capitec said the full impact of the lockdown will only be seen in the medium term.

The statement read:

"Higher income earners are expected to recover more rapidly than lower income earners and we therefore anticipate that the credit market will continue to be affected by the lockdown in the medium term.
“Our focus is on decreasing the cost of credit for our clients, improving their experience and motivating them toward positive credit behaviour. The payment performance of the Covid-19 rescheduled loans is encouraging but payment success rates going forward will reveal the medium- to long-term impact of the lockdown on our clients."

In other news, earlier reported the number of people who have lost their lives to the Covid-19 pandemic has now topped one million since the first case was reported in China in late 2019.

Read also

Over 600 000 South Africans have recovered after beating Covid-19

As of Tuesday, September 29, according to a tally by Worldometer, the death toll had hit 1 006 471 with the US and Brazil being the hardest-hit. The two countries had lost at least 209 808 and 142 161 people respectively.

China, where the new disease was first reported in 2019, had lost 4 634 people with the country registering 85 384 cases, of which 80 566 had recovered from the infection.

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