South Africa’s unemployment rate rose by 0.5% in the third quarter (Q3) of 2021, bringing it to 34.9%.
A new R800 million Social Employment Fund is expected to create around 50,000 jobs, President Cyril Ramaphosa has revealed.
The Black Business Council has called on Eskom CEO André de Ruyter and the power utility’s entire board to resign over prolonged load shedding crisis.
President Cyril Ramaphosa has pinned his hopes on new investments in the energy sector to help end load shedding in South Africa.
Eskom has announced yet another round of stage 2 load shedding for South Africa – and has warned that the stage could “escalate into the weekend.”
Eskom has announced that it will implement stage 4 load shedding from 12h00 on Wednesday (27 October) until 05h00 on Friday (29 October).
Ailing power utility Eskom has announced rolling blackouts until Saturday (30 October), which means it is time to check your stage 2 load shedding schedule once again.
The National Treasury has allocated an additional R11 billion to the Presidential Employment Stimulus Programme, which created 550,000 jobs in its first phase.
Lindiwe Zulu has withdrawn the Green Paper on Comprehensive Social Security and Retirement Reform barely two weeks after she gazetted it.
Sanlam’s Anton Gildenhuys believes there are plenty of reasons to be optimistic that South Africa is emerging from economic gloom.