Unemployment in South Africa

South Africa Unemployment | Economic News & Forecasts

South Africa - Unemployment

Early second-quarter indicators signal some respite following a sharper-than-expected contraction in Q1 due to rolling power outages. The retail sector picked up in April; car sales, on average, bounced back from the first quarter in April–May; while manufacturing activity grew at a faster pace, on average, in the same two months. Overall growth prospects remain bleak, however, with uncertainty over the restructuring of Eskom, the heavily indebted state-owned power utility, weighing on economic sentiment. Following slight upturns in April, the manufacturing PMI swung back into negative territory in May–June, and business confidence faltered again. The government is considering other measures to aid Eskom in addition to the ZAR 230 billion pledged, while minimizing the risk to public finances and credit ratings. Options on the table include swapping the firm’s sizeable debt for sovereign bonds or using a special purpose vehicle.

South Africa - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate24.7  25.1  25.4  26.7  27.5  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

South Africa Unemployment Chart


South Africa Unemployment
Note: Unemployment in % of active population.
Source: Statistics South Africa.

South Africa Facts

ValueChangeDate
Bond Yield8.030.29 %Jul 11
Exchange Rate13.94-0.21 %Jul 11
Stock Market0.1-0.44 %Jul 11

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form