South Africa’s census results have shown an upward trend in ownership of refrigerators, televisions and cellphones.
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Despite the country avoiding a technical recession, analysts remain pessimistic about South Africa’s growth prospects.
GDP decreased by 1.5% in the third quarter of 2021, providing a direct insight into just how badly July’s looting affected the economy.
South Africa’s unemployment rate rose to a new record high of 32.6% in the first quarter of 2021 from 32.5% in the final quarter of 2020, the statistics agency said on Tuesday.
South Africa’s unemployment rate hit a record high in the first quarter of this year as key sectors including agriculture shed jobs, data showed on Tuesday.