Statistics South Africa (Stats SA) has announced that the official unemployment rate has increased by 1.0 percentage point to 30.1% in the first quarter of 2020 compared to the fourth quarter of 2019.
The Democratic Alliance leader in Limpopo Jacques Smalle says the provincial unemployment figures are alarming and must be a concern to all spheres of government.
After a record low in November 2019, the Consumer Price Inflation (CPI) has risen to 4% in December 2019. Statistics South Africa on Wednesday released the Consumer Price Index which highlighted that the price inflation was 4,0% in December 2019, up from 3,6% in November 2019.
The country’s economy is expected to contract yet again in the third quarter of 2019.
South Africa’s unemployment rate has worsened to 29.1%, Stats SA figures for the third quarter show. This is the highest level in 11 years.