Browsing: unemployment rises in south africa

South Africa’s unemployment soars have risen to levels last seen in 2008. According to the country’s National Statistics Agency, 30.8% of South Africans are now unemployed. This figure is the highest the country has experienced since 2008.

The statistics are mainly caused by the effects of COVID-19 on the economy. The southern African country, one of the most industrialized in Africa, was among the first to record a case of COVID-19 on the continent. It is also one of the most heavily affected countries in Africa.

In response to the pandemic

the government instituted a raft of measures to flatten the infection curve. The covid response involved a total lockdown which halted economic activity, affecting revenue for the industry and other productive sectors of the economy. (https://rpdrlatino.com)  

The lockdown hit businesses severely, prompting restructuring which has seen many employees losing their …