South Africa's inflation rate has reached its lowest point in three years, according to data from the national statistics agency, StatsSA. This brings inflation to its lowest level since July 2021 and closer to the South African Reserve Bank's (SARB) target, which aims for a midpoint of 4.5% within a 3% to 6% range.
that the unemployment rate rose to 33.5% in the second quarter of 2024, approaching record levels. At least 8.4 million people are currently out of work, a sharp increase from 5.2 million in 2014.
Statistics SA's latest unemployment report is a jarring national wake-up call. The stats for the second quarter of 2024 paint yet another painful picture with job losses across all… If it's not double-digit electricity hikes, it's food prices that have increased far above the inflation rate. Coupled with persistently high interest rates, South Africans are in…
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