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South Africa's economy grew by a surprisingly large 1.6% in the third quarter of 2022, from a contraction of 0.7% in the second quarter, making it larger than it was before the COVID-19 pandemic.
S&P Global Ratings has forecast higher national debt for South Africa as the government plans to take over a portion of Eskom's debt to rejuvenate the struggling power utility.
Domestic workers’ jobs are declining in South Africa. This is evident from 2022’s third Quarterly Labour Force Survey.
Strong growth in certain sectors managed to hold a downward trend in the unemployment rate in Nelson Mandela Bay.
Here's what you need to know about the latest unemployment figures.