Скачать или смотреть South Africa’s Unemployment Rate Hits 33.5%: Economic Impact and Future Prospects with Prof. Krugell

South Africa’s unemployment rate has surged to 33.5% in the second quarter of 2024, reaching its highest point since 2022, as revealed by recent statistics. This sharp increase was driven by significant job losses in the trade and agriculture sectors, defying expectations of a decrease. In this episode of Business Edge, we speak with Prof. Waldo Krugell from North-West University to unpack these trends. Prof. Krugell provides insights into the underlying factors contributing to the rise in unemployment, the challenges facing the new government in job creation, and the contrast between job growth in the informal sector and declines in formal employment. We also discuss how various industries are faring and the implications of an expanded unemployment definition on discouraged job-seekers. Watch now to get a detailed analysis of South Africa’s current economic landscape and its future outlook.

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