South Africa’s unemployment has worsened. The figures Statistics South Africa has released for the third quarter show that it has risen to 29.1% – the highest level in 11 years.
The consumer price inflation rate has increased to 4.5% in May, from 4.4% in April 2019.
The price of petrol is expected to hit the second highest increase level on record when it rises by 54 cents per litre, on Wednesday.
Analysts are anticipating weak economic data in the fourth quarter 2018. This as Statistics South Africa prepares to release the mining, manufacturing, and retail sales figures over the of course of the next two weeks.