
Tebogo Mokwena
3400 articles published since 14 Jun 2023
3400 articles published since 14 Jun 2023
Statistics South Africa released its recent Quarterly Labour Force Survey, which showed that the number of unemployed people decreased slightly by 1.4%.
SA's currency experienced another decrease in three weeks because of international issues like the tension in the Middle East and the dollar strengthening.
Food prices are expected to take a dip after the South African Reserve Bank governor Lesetja Kganyago announced a lower repo rate which came into effect last week.
South African Reserve Bank Governor Lesetja Kganyago announced that the interest rates have been cut by 25 basis points to 8%, which did not impress many.
The South African Reserve Bank governor Lesetja Kganyago is expected to announce the interest rate today, and economists are expecting an interest cut.
Dr Kenneth Creamer, a Wits University economist, spoke to Briefly News about the unemployment rate and measures the government could explore to curb it.
Statistics South Africa released its latest unemployment rate, and it showed that the unemployment rate increased from 32.9% to 33.5% in the current quarter.
Consumer price inflation decreased by 0.3% from February to March this year. Food inflation also decreased, but South Africans were wary of the decrease.
The South African economy grew by 0.1% in the previous quarter, and some sectors like agriculture, fisheries and forestry decreased by 9.7% in quarter four.
Tebogo Mokwena
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