The Morning BuzzThe Morning Buzz

Redge Nkosi, the Founder & Executive Director of Firstsource Money

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What's the buzz?  South Africa’s unemployment rate increased to 32.9% in the first three months of 2023, narrowly missing the 33% mark that some economists had predicted.

Statistics South Africa (StatsSA) released the latest unemployment trends on Tuesday.

  • The latest figure is a marginal increase of 0.2% from 32.7% seen in the fourth quarter of 2022.
  • Mining, construction, and manufacturing are among industries that recorded massive job losses.

 

Guest : Redge Nkosi, the Founder & Executive Director of Firstsource Money

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