South Africa's unemployment rate has been on an upward trend since 2008. It was 34.4% in Q2 2021, up 1.8% points from the previous quarter.
Between July and August, the country recorded its highest unemployment rate in 13 years. The information was reported in a document released by the national statistics institution, Statistics South Africa (StatsSA), last Wednesday, December 1.
According to the institution, the decline is due to a drop in employment rate that led to a fall in the labour force, although the number of unemployed has fallen to 7.6 million from 7.8 million previously. StatsSA reveals that during the third quarter, the number of people looking for work increased by 988,000, bringing the unemployment rate in the country to 34.9%, up 0.5% point from the previous quarter. All sectors of activity were hit by these job losses, except the finance sector where the number of employees increased by 138,000.
The provinces of KwaZulu-Natal and Gauteng in particular recorded more than 48% job losses in the third quarter compared to the second quarter. An earlier report by the stats institution found that more than half (57%) of those unemployed are black. This is about seven million people.
Jean-Marc Gogbeu (intern)
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Benesha to build medical consumables factory in DR Congo SEZ Project aims to cut imports amid strong demand for devices Factory to produce syringes,...
Donors pledge over $200 million for DR Congo census World Bank, AfDB consider major funding and capacity support Census aims to update data...
African oil ministers to boycott May 2026 London energy summit Protest over lack of inclusivity and weak focus on African priorities Move reflects...
Burkina Faso creates unified body for PPP dialogue, business reforms New framework to streamline institutions and improve public fund use Security...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...