for subscribers

Double trouble for SA over soaring unemployment

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - South Africa's alarming unemployment rate is both a crisis and an indictment, and represents double trouble for the country, business groups have warned.  

The Cape Chamber of Commerce and Industry and the Black Business Council (BBC) expressed concern over the country's latest unemployment figures which have risen to a record high, according to Statistics South Africa's Quarterly Labour Force Survey.

Read: Unemployment soars, hits highest rate since 2008

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.05
(-0.92)
ZAR/GBP
21.89
(-0.49)
ZAR/EUR
19.91
(-0.19)
ZAR/AUD
11.98
(-0.48)
ZAR/JPY
0.16
(-0.18)
Gold
1861.07
(+0.04)
Silver
22.88
(+0.12)
Platinum
844.51
(+0.50)
Brent Crude
42.23
(-0.12)
Palladium
2207.00
(+0.59)
All Share
53587.11
(-1.22)
Top 40
49547.74
(-1.16)
Financial 15
9401.28
(-1.95)
Industrial 25
72949.70
(-1.72)
Resource 10
53453.42
(-0.10)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1368 votes
It depends on how the funds are used.
73% - 8870 votes
No. We should have gotten the loan elsewhere.
16% - 1959 votes
Vote