In South Africa, the unemployment rate increased to 27.2% in Q2 this year, up from the 26.7% a quarter earlier, according to data from the National Statistics Agency (StatsSA).
The number of unemployed people rose to 6.1 million in Q2 from 6 million in the previous quarter. StatsSA said figures only include people actively seeking job. As for “discouraged workers” which include those who have not attempted to find employment, the rate rose to 37.2% from 36.7%.
For the record, the South African economic growth stood at about 5% in 2004-07, but slowed down in recent years over a decline in commodity prices, corruption and a downturn in strategic sectors such as mining and industry.
According to IMF’s latest projections, the GDP of Africa’s most industrialized country is expected to grow by 1.5% in 2018.
The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...
Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received...
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
Highlights: • Egypt targets 42% renewable energy share by 2030.• POWERCHINA to build 130-km high-vo...
France will return the skull of a Sakalava king, along with those of two of his warriors, to Madagas...
Senegal and Vietnam discussed digital tech cooperation on July 23. Talks support Senegal’s goal to become a digital hub and expand rural...
Mali approved a $238M World Bank loan to build key roads, including Sandaré-Diéma. Project boosts the Bamako-Dakar trade corridor and rural...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth inclusion. Developing these capabilities widely is...
New industrial and trade dynamics are emerging in Africa, driven by renewable energy. The REN21 network analyzes how these value chains could strengthen...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...
In southeastern Morocco, near the Algerian border, lies Merzouga—a small village at the heart of the Saharan desert, known for its monumental dunes and...