Page 30 - Stats Sa News Today

President Cyril Ramaphosa says SA has a huge mountain to climb in the quest to create jobs as youth unemployment is at a record high.

10 June 2022 - The Institute of Race Relations (IRR) has offered to help labour minister Thulas Nxesi analyse the policies at the root of South Africa’s unemployment crisis, and recommend pro-jobs alternatives that offer a real chance of saving South Africa’s jobless youth from poverty and hopelessness.

Agbiz expects a mild contraction of between 3% to 5% year-on-year in 2022 mainly on the back of a decline in some field crop harvests

8 June 2022 - However they are sugar-coated, Stats SA’s latest Gross Domestic Product (GDP) figures bring more bad news to South Africa. The average person’s ability to add value in the pursuit of happiness is flatlining or even shrinking.

Data from Stats SA showed that South Africas economy grew by 1.9% in the first quarter of 2022, returning to pre-COVID-19 levels.

Was life better in the 'good old days'?

South Africas quarterly labour force survey is a key instrument in determining the unemployment reality of over 12 million South Africans.

South Africa's economy grew by 1.9% in the first quarter of the year.

The economic growth returned to pre-COVID-19 pandemic levels – showing that the pressures felt over the past two years were beginning to ease.

Many South Africans are wondering what the next economic rocket to explode their budget will be, forcing yet another recasting of what is essential and what new items must join list of luxuries out of reach.