Tag: employment creation
Unemployment rate climbs to 29.1% in 2019 Q3
Statistics South Africa (Stats SA) reported on October 29 that South Africa’s unemployment rate increased from 29.0% in 2019 Q2 to 29.1% in the third quarter. This was the highest jobless reading since 2003, and South Africa now has the joint fourth-highest unemployment rate out of 182 countries tracked by Trading Economics.
E-commerce key to driving job creation in Africa
A new report released by Boston Consulting Group (BCG) has found that online marketplaces could create as many as 3 million jobs in Africa over the next six years. Considering the current state of unemployment in many parts of the continent – particularly among the youth – the healthy development of an e-commerce marketplace will prove to be an important contributor to Africa’s economic growth and job creation in the future.
