Finance Minister Tito Mboweni is being urged to deliver a growth inspiring budget on Wednesday. Unemployment numbers show a record jobless rate between October and December last year.
Stanlib’s chief economist Kevin Lings says youth unemployment is a desperate challenge. When we break down the youth unemployment problem, it seems to be that the key problem is people getting their first job opportunity,” he says.
South Africa’s unemployment rate jumped to 32.5 percent in the last quarter. This translates to 7.2 million people who don’t have work. Under the expanded definition of unemployment, which includes people looking for work, 11.1 million people are jobless.
In other news – Police called in as reality TV star Innocent Matijane and his relative heavily beat up each other in the club
Actor, radio host, and reality TV star Innocent Matijane was involved in a fight. According to his Twitter thread on Monday, the fight happened on Sunday night between a The Way Ngingakhona reality show cast member and his relative.
In his thread, he did not reveal what had led to the fight, but wrote that it had left him so disappointed that he now wanted nothing to do with any reality TV show. Learn more