Statistics South Africa reports that the unemployment rate hit a record high in the fourth quarter of last year, crossing the 35% threshold.
Jobless South Africans have lost all hope in government as they continue to bear the brunt of unemployment, following Statistics South Africa’s report that the unemployment rate hit a record high in the fourth quarter of last year, crossing the 35% threshold. Unemployed graduate Gaopalelwe Khunou said this was a clear indication of the deepening job crisis the country was facing. “I’m surprised that I’m shocked because at this point nothing should shock me.
“I’m very disappointed that the government we voted for can never fulfil its promises and, just like Covid, we have to learn to live with the R350 grant and our record-breaking unemployment.” According to Don Consultancy Group chief economist Chifi Mhango, the Quarterly Labour Force Survey revealed that job creation and retention continued to be a challenge within key traditional sectors of the economy as the unemployment rate increased.“However, the Quarterly Labour Force Survey data clearly reflects the challenge that the government faces,” Mhango said.
Mhango also said speedy policy implementation and proper alignment of government job creation initiatives were key to dealing with rising unemployment. Global Business Solutions human resources expert John Botha said pending legislation might exacerbate the unemployment landscape. With potentially up to 500 000 foreign nationals exiting the SA labour market, Botha said it was unlikely that employers would replace all these positions as it would be an opportunity to re-engineer.
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