• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

SA's jobless rate rises again

Jul 28 2011 14:11
Pretoria - South Africa’s official jobless rate rose to 25.7% of the labour force in the second quarter of 2011 from 25.0% in the first quarter, a report showed on Thursday.

The total number of unemployed people stood at 4.538 million in the three months to June from 4.364 million in the first quarter.

Mandla Maleka, economist at Eskom, said the rate was still "very high".

"It shows unemployment is not moving around the 25% number.That testifies to the structure of our economy, that we are not creating jobs in areas where we need to create jobs, in labour intensive sectors. This is now evidence to that.”

The government has singled out unemployment as a major challenge, after about a million jobs were lost in 2009 during the recession.
South Africa is proposing sweeping changes to labour laws intended to increase job security for temporary workers, but economists expect the shake-up will make unemployment worse and ramp up costs for employers.

eskom  |  unemployment  |  sa economy


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote