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South Africa's unemployment rate jumps to new record high - Vimarsana News

South Africa's unemployment rate jumps to new record high

By Reuters Staff 2 Min Read FILE PHOTO: Job seekers stand outside a construction site ahead of the release of the unemployement numbers by Statistics South Africa, in Eikenhof, south of Johannesburg, South Africa, June 23, 2020. REUTERS/Siphiwe Sibeko PRETORIA (Reuters) - South Africa’s unemployment rate jumped to a record high in the fourth quarter of last year, the statistics agency said on Tuesday, as the economy was further battered by the COVID-19 pandemic. Statistics South Africa said the unemployment rate stood at 32.5% in the October-December quarter, meaning 7.2 million people were...

South Africa's GDP shrunk by 7% in 2020, mainly due to strict lockdown restrictions - Vimarsana News

South Africa's GDP shrunk by 7% in 2020, mainly due to strict lockdown restrictions

South Africa’s economy contracted by 7% in 2020 reflecting the full impact of the Covid-19 pandemic and the strict lockdown. In the fourth quarter of 2020, however, it posted growth of 1.5%, giving an annualised growth rate of -6.3% said Stats SA on Tuesday. Stats SA released its 2020 fourth quarter and full year GDP results. The agency stated that these results follow the revised 13.7% (annualised: 67.3%) rise in economic activity recorded in the third quarter. Statistician-General Risenga Maluleke said the annual real GDP growth rate of -7.0% in 2020 was primarily led by decreases in manu...

Source: news24.com
Number of learners walking to school has increased - Vimarsana News

Number of learners walking to school has increased

Number of learners walking to school has increased - Stats SA 4 March 2021 5:04 PM Statistician-General Risenga Maluleke gives updates on the National Household Travel Survey. Statistics South Africa (Stats SA) has released the National Household Travel Survey and walking is the most common mode of transport used in the country. About 17.4-million South Africans walk to their various destinations and 10.7-million individuals made use of taxis. Statistician-General Risenga Maluleke tells John Perlman that most t learners in the country walked all the way to their educational institution. In ...

Source: 702.co.za
It could take 10 years to address unemployment: Economist - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader. - Vimarsana News

It could take 10 years to address unemployment: Economist - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

PricewaterhouseCoopers (PWC) chief economist Lullu Kruger has warned that it could take 10 years to address the country's current high unemployment unless something is done urgently to address the situation.

Stats SA: More than half of EC residents of working age unemployed in Q4 - Vimarsana News

Stats SA: More than half of EC residents of working age unemployed in Q4

While the Eastern Cape tops the expanded unemployment chart among all provinces, its neighbour, the Western Cape’s rate stood at 26.8% as the least affected by the crisis.

Source: ewn.co.za