South Africa’s unemployment rate has skyrockets over the last 30 years, driven by historical, economic, and regional disparities, with youth hardest hit.
One of the biggest factors impeding South Africa’s socio-economic standing is its alarmingly high and worsening unemployment crisis.from Stats SA puts South Africa’s official unemployment rate at an alarming 33.5% for Q2 of 2024 – up from the 20% recorded in 1994 and 21.5% in 2008.
Although the labour force has grown, “employment gains have, however, been insufficient to offset the commensurate increases in unemployment,” said the South African government. Looking at this more closely, the official unemployment rates across the country’s nine provinces have seen notable increases over the past 30 years.In context, provinces like the Eastern Cape and Limpopo, which had the highest unemployment rates in 2024, saw ‘smaller’ jumps over the past three decades, coming off an already high base.
“Personal and corporate income tax cuts stimulated investment and job creation in the 2000s, while red tape and the compliance cost for small business were cut, which improved the ease of doing business in the country.”
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