unemployment crisislatest news & developments
A sharp deterioration in US employment, persistent inflation and ongoing energy uncertainty are keeping global markets on edge, while the rand is benefiting from a weaker dollar and South Africa’s relatively high interest rates.
RESERVE BANK

US employment decline impacts global markets and central bank strategies

A sharp deterioration in US employment, persistent inflation and ongoing energy uncertainty are keeping global markets on edge, while the rand is benefiting from a weaker dollar…

  • Ashley Lechman
8 min read
The City of Johannesburg.
UNEMPLOYED YOUTHS

What South Africa’s economic headlines told us this week

Weak economic growth, pressure on manufacturing and rising unemployment continue to weigh on South Africa, although July payment data points to some resilience in the economy.

  • Ashley Lechman
  • Yogashen Pillay
5 min read
The Employment Services Amendment Bill seeks to empower the Department of Employment and Labour to manage the flood of undocumented migrant labour, says the writer.
UNEMPLOYMENT CRISIS

South Africa’s jobs crisis is forcing a rethink of migration

Cosatu has welcomed the tabling of the Employment Services Amendment Bill, a crucial response to South Africa's alarming unemployment rate of 43.7%.

  • Zingiswa Losi
6 min read