Picture: REUTERS
Picture: REUTERS

Unemployment skyrocketed in the second quarter, reaching levels last seen during the 2008/2009 financial crisis.

The unemployment rate is now at 29%, while the expanded definition, which includes discouraged job seekers, is at a record high of 38.5%. The jobless rate among the country’s youth is even higher at 56%.

Business Day TV sat down with Ikusasa Student Financial Aid Programme chair Sizwe Nxasana to talk about youth unemployment and education.

Ikusasa Student Financial Aid Programme chair Sizwe Nxasana talks to Business Day TV about SA’s high rate of youth unemployment

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