Unemployment in South Africa

South Africa Unemployment | Economic News & Forecasts

South Africa - Unemployment

Available data for Q2 paints a mixed picture: Manufacturing production contracted in monthly terms in the quarter, and authorities tightened restrictions following a surge in infections from end-May. However, business sentiment improved in Q2 compared to Q1, and the private sector PMI averaged higher overall. Turning to Q3, some restrictions were eased on 26 July amid an accelerating vaccination drive, which should continue to improve as locally manufactured vaccines and the arrival of around 5.7 million jabs from the U.S. boost supplies. However, an explosion at a power unit in early August, coupled with already recurrent energy shortages, will be putting pressure on activity. Meanwhile, following the riots that broke out in mid-July, President Ramaphosa reshuffled his cabinet, replacing Finance Minister Tito Mboweni with Enoch Godongwana. This weakened the rand, as investors trusted Mboweni to get spending and debt under control.

South Africa - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate25.4  26.7  27.5  27.1  28.7  

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South Africa Unemployment Chart


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

South Africa Facts

Value Change Date
Bond Yield8.260.29 %Dec 31
Exchange Rate13.98-0.21 %Dec 31
Stock Market0.1-0.44 %Jan 06

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