South Africa’s unemployment rate ‘world’s highest’

South Africa’s unemployment rate is now the highest in the world, according to a list of 82 countries monitored by Bloomberg.

It rose to 34.4% in the second quarter from 32.6% in the three months of the year, the news agency quoted Statistics South Africa as saying in its latest report.

Unemployment has been a long-standing problem in South Africa.

But analysts say recent restrictions to curb a third wave of coronavirus and last month’s riots in KwaZulu-Natal and Gauteng provinces are likely to continue harming one of Africa’s biggest economies.

Source: peacefmonline.com

Suraya Alidu Malititi

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