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The cost of high unemployment to SA’s economy

PUBLISHED: Tue, 14 May 2019 15:17:07 GMT

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Statistics South Africa released its first quarter results revealing higher unemployment rate this year. The jobless rate has increased to 27.6 per cent; this is a 0.5 per cent higher than Q4 2018. The unemployment figure has come as no surprise following the sluggish growth of the economy. Joining CNBC Africa to unpack the Q1 unemployment results is Miyelani Maluleke, Macro Economist, Absa.


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