WATCH: SA’s jobless rate hits record high

SA’s unemployment rate rose to a record high of 35.3% in the last quarter of 2021, with job losses mainly recorded in the manufacturing and construction sectors. Stats SA, however, still sees light at the end of the tunnel with statistician-general Risenga Maluleke saying that employment will improve when the country’s economy returns to pre-Covid-19 levels. Business Day TV spoke to Nthabiseng Moleko, development economist at University of Stellenbosch Business School about what the data means for economic growth.

Or listen to full audio

Subscribe for free episodes: iono.fm | Apple Podcasts | Spotify | Pocket Casts | Player.fm