In the face of soaring unemployment, which has created an unviable society, and brutal energy blackouts in the middle of winter, President Cyril Ramaphosa has announced two structural reform gimmicks that will do little to resolve the country’s immediate economic and power crises.

According to Stats SA’s latest survey, the expanded unemployment rate for black Africans was 47.9% during the first quarter of 2021. For black African females it was 51.5%. In the Eastern Cape and Limpopo, the unemployment rates for people of all races were 49.6% and 49.5% respectively. The expanded youth unemployment rate was a staggering 74.7%...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.