General

South Africa’s unemployment rate highest in the world

This is according to a list of eighty two countries monitored by Bloomberg.

It rose to thirty four point four per cent in the second quarter from thirty two point six per cent in the three months of the year.

Unemployment has been a long-standing problem in South Africa.

But analysts say recent restrictions to curb a third wave of coronavirus and last month’s riots in KwaZulu-Natal and Gauteng provinces are likely to continue harming one of Africa’s biggest economies.

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