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.