South African Jobless Rate Could Hit 38.1%, Businesses Tell President

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South African Jobless Rate Could Hit 38.1%, Businesses Tell President
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Unemployment in South Africa is already among the highest of more than 80 nations tracked by Bloomberg

South African business leaders told Presidentthat the jobless rate could rise to 38.1% by 2030 without urgent action to solve the country’s energy, logistics and crime crises.of 32.

9%, was included in a presentation made by business groups in a meeting with Ramaphosa on Tuesday. It was based on an average economic growth rate of 0.75% if no progress is made on those three impediments.

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