South Africa’s unemployment rate dipped slightly again between October and December last year to 32.7% from 32.9%.
But when considering discouraged jobless South Africans who are not actively looking for work, the country’s unemployment rate is 42.6%.
This means that more than 11.8 million South Africans are out of work.
Economists blame the slowing global growth, persistent power cuts, and depressed business confidence for the economy’s weak job creation potential.
Source: eNCA
In other news – Jub Jub FIRED from Uyajola 9/9 – Here’s why
South African media personality, hip hop artist, and TV Host Jub Jub has been fired from his cushy Uyajola 9/9 job after a protracted dispute with his bosses over the foul language he allegedly used when addressing his female business partner.
The publication can reveal that Moja Love, which airs the popular show, kicked Jub Jub to the curb a few days after he sent the channel a letter from his lawyer, Terrence Baloyi, from Baloyi-Ntsako Attorneys, demanding payment of his January salary. Learn More