Tag: Statistics South Africa (StatsSA)

According to the latest research by Statistics South Africa, the rate of unemployment among South Africans aged between 15 and 34 years, currently stands at 46,3 percent – and youth aged 15 to 24 years are the most vulnerable with over 63 percent of them not employed or in institutions of learning – these stats have worsened due to the pandemic.

Weary, weary, weary, weary ends my day! This is what I hear from the members of our organisation. They say that looking for the job you can’t find makes you more tired than doing a day of hard work. Working hard, knowing that tomorrow the job will still be there, waiting for you, gives you hope and energy.

Statistics South Africa (Stats SA) reported on 12 November 2020 that employment in South Africa increased by 543,000 in the third quarter of the year – recovering some of the 2.2 million jobs lost during the lockdown-hit second quarter.

The middle class broadly has been a high level, vigorous and academic marathon in defining and diagnosing. The middle class has always been viewed as the creation of a capitalistic system, leading to defining society in terms of class and wealth.

The Fourth Industrial Revolution (4IR) is here. It is evident in the way banks have started offering their digital services and disrupting the modus operandi of traditional banks; it is evident in schools, where books are being replaced with tablets and it will roll-out in almost every sector in the country.

tructural reforms urgently needed as annual growth drops to 0% y-o-y. Statistics South Africa (StatsSA) reported on June 4 that the South African economy contracted by 3.2% quarter-on-quarter (q-o-q) during the first quarter of 2019 – the biggest decline in 10 years.

The South African mining industry has performed poorly over the past ten years, with its contribution to the national GDP having halved since 1994. Year-on-year production fell by 3,3% in January, according to Statistics South Africa, with downtime, power outages and uncertainty around regulatory policies significantly hamstringing the sector’s production.

Statistics South Africa (Stats SA) reported on May 14th that South Africa’s unemployment rate increased from 27.1% of the labour force in the fourth quarter of 2018 to 27.6% during the first quarter of 2019.

The South African workforce is growing. The number of public university graduates continues to climb, with Statistics South Africa (StatsSA) reporting that 203,078 South Africans graduated in 2016, up from 165,995 in 2012. And with this year’s graduation ceremony season just passed, a fresh crop of young professionals is hungry to make their mark in the workplace.

Statistics South Africa (StatsSA) reported on 24 January that consumer price inflation increased from 4.6% year-on-year (y-o-y) in November 2017 to 4.7% y-o-y in December. This resulted in full-year inflation declining to 5.3% last year from a mean of 6.4% in 2016. The latest inflation number is the ninth consecutive monthly reading falling within the South African Reserve Bank (SARB) target range (3%-6%).