During a Mail & Guardian elections town hall debate, he also blamed technology in part for the high joblessness rate
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The country’s jobs data comes the day before the tabling of what looks to be another tightly managed budget
South Africa’s economy added 399 000 people to the workforce in the third quarter of 2023
A total of R2.6 billion was recovered by the UIF nationally through its ‘follow the money’ project which is auditing companies that benefited from Covid-19 relief scheme
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Despite the economy recovering to its pre-pandemic level, South Africa’s jobless rate is still higher than it was at the beginning of 2020
The circular economy and the blue economy are also industries that have mass potential for African countries to invest in to address youth unemployment
The latest official data shows that youth unemployment rose by 1.1% and almost a quarter of a million young people lost their jobs in the first three months of 2023
There are now 7.9 million people without jobs in South Africa, up from 7.8 million last quarter
There is a great demand for digital skilled employees across the board
But jobless levels are still above those prior to the Covid-19 pandemic, which saw 2.2 million people lose employment