Free market the answer to jobless rate of 35.3%, says economist
29 March 2022 - 11:42
UPDATED 29 March 2022 - 23:21
SA’s unemployment is showing no sign of abating, with the jobless rate climbing to a new record despite a sharp rebound in economic activity in 2021 after the easing of Covid-19 lockdown restrictions.
Coming just a few days after President Cyril Ramaphosa hosted an investment conference in which he was able to say he was within touching distance of a R1.2-trillion target announced four years ago, Stats SA data on Tuesday gave a dose of realism, highlighting the need for the government to deal with constraints such as Eskom power cuts and Transnet’s floundering rail network...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.