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South Africa Reports 1.2% Economic Growth In The Last Quarter Of 2021
A new report focused on the final quarter of 2021 showed an expansion in South Africa’s economy following recovery in the agriculture and manufacturing industries. Data from Statistics South Africa said gross domestic product (GDP) grew by 1.2% quarter on quarter in the last three months of 2021 following a contraction of 1.7% in the…
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Unemployment Rate In South Africa Rises To 44.4%
Bloomberg reports that the unemployment rate in South Africa has surged to the highest on a global list with 82 countries. According to Statistics South Africa, the unemployment rate rose from 34.4% to 44.4% in the second quarter of the year. In the first three months through March, the unemployment rate was 32.6%. Due to…