Data from Statistics South Africa (SA) shows that the unemployment rate rose by 0.9 percentage points, from 32.7% in the first quarter to 33.6% in the second quarter of the year. This indicates that the number of unemployed persons increased by 345 000 to 8.5 million, while the number of employed persons decreased by 16 000 to 16.7 million.

Chifi Mhango, Chief Economist at Don Consultancy Group says that the figures demonstrate that the fundamental challenge facing SA is not simply unemployment, but the economy's inadequate capacity to generate employment at a pace that matches the growth in the labour force. 

He spoke to Thami Ngubeni to share his thoughts on the issue.

Data from Statistics South Africa (SA) shows that the unemployment rate rose by 0.9 percentage points, from 32.7% in the first quarter to 33.6% in the second quarter of the year. This indicates that the number of unemployed persons increased by 345 000 to 8.5 million, while the number of employed persons decreased by 16 000 to 16.7 million.
Chifi Mhango, Chief Economist at Don Consultancy Group says that the figures demonstrate that the fundamental challenge facing SA is not simply unemployment, but the economy's inadequate capacity to generate employment at a pace that matches the growth in the labour force.&nbsp;
He spoke to Thami Ngubeni to share his thoughts on the issue.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

SA economy fails to keep up with job demand

Let's end the show on a tasty note with no fowl play!! KFC has launched their KFC Rewards which they say is a new loyalty programme that flips the script on what it means to be rewarded. They go on to say that it does not involve points, discounts at the till, it's about feeding all your obsessions. It' works through purchases made the KFC app or on Kiosk which unlocks access to the experiences and cultural moments a customer genuinely care about they say. To tell us more on this and how different it is from what we know in the market, Thami Ngubeni spoke to Siyabulela Ngcukana, Chief Operations, Digital and Technology Officer, KFC Africa

Let's end the show on a tasty note with no fowl play!! KFC has launched their KFC Rewards which they say is a new loyalty programme that flips the script on what it means to be rewarded. They go on to say that it does not involve points, discounts at the till, it's about feeding all your obsessions. It' works through purchases made the KFC app or on Kiosk which unlocks access to the experiences and cultural moments a customer genuinely care about they say. To tell us more on this and how different it is from what we know in the market, Thami Ngubeni spoke to Siyabulela Ngcukana, Chief Operations, Digital and Technology Officer, KFC Africa

KFC launches new rewards programme for their loyal customers

In today's markets slot we focus on the Official Countdown to the Standard Bank National Kasi SME Pitch Challenge & Summit 2026 taking place in Gceberha, in the Eastern Cape province of South Africa.  In its second year, the competition shines the spotlight on promising majority black-owned businesses that have emerged from a highly competitive provincial selection process across all nine provinces. Lesiba Matladi (Senior Manager for Enterprise and Supplier Development Programmes at Business and Commercial Banking, Standard Bank South Africa) spoke to Thami Ngubeni..

In today's markets slot we focus on the Official Countdown to the Standard Bank National Kasi SME Pitch Challenge &amp; Summit 2026 taking place in Gceberha, in the Eastern Cape province of South Africa. &nbsp;In its second year, the competition shines the spotlight on promising majority black-owned businesses that have emerged from a highly competitive provincial selection process across all nine provinces. Lesiba Matladi (Senior Manager for Enterprise and Supplier Development Programmes at Business and Commercial Banking, Standard Bank South Africa) spoke to Thami Ngubeni..

Official Countdown to the Standard Bank National Kasi SME Pitch Challenge & Summit 2026

Good news coming out of Kenya is that the country's Capital Markets Authority has approved a new investment fund from Wall Street Africa (WSA), which is a Nairobi-based financial media and fintech startup. It will allow investors to buy into a group of listed banks in a single investment. Those in the know say that the WSA Banking exchange-traded fund (ETF) will hold shares in banks listed on the Nairobi Securities Exchange (NSE). According to CMA,  it will be Kenya's first locally domiciled exchange-traded fund and is expected to list in the fourth quarter. To tell us more on this and its significance, Thami Ngubeni spoke to Eric Asuma, Founder & Chairman of the Wall Street Africa Group..

Good news coming out of Kenya is that the country's Capital Markets Authority has approved a new investment fund from Wall Street Africa (WSA), which is a Nairobi-based financial media and fintech startup. It will allow investors to buy into a group of listed banks in a single investment. Those in the know say that the WSA Banking exchange-traded fund (ETF) will hold shares in banks listed on the Nairobi Securities Exchange (NSE). According to CMA, &nbsp;it will be Kenya's first locally domiciled exchange-traded fund and is expected to list in the fourth quarter. To tell us more on this and its significance, Thami Ngubeni spoke to Eric Asuma, Founder &amp; Chairman of the Wall Street Africa Group..

SA economy fails to keep up with job demand

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