- SA unemployment continued to dart up in the third quarter, reaching 34.9%, up from 34.4% in the earlier three months, statistician-frequent Risenga Maluleke talked about on Tuesday. Presenting the Quarterly Labour Power Peep (QLFS) for the third quarter in Irene, Tshwane on Tuesday, Maluleke talked about the different of employed other folks fell by 660,000 in the three months to entire-September to 14.3 million, whereas the different of unemployed other folks diminished by 183,000 to 7.6 million. SA’s economic system is dogged by excessive rates of inequality, poverty and unemployment, and the economic system took an extra battering from Covid-19 with about 1.4 million jobs lost in 2020 by which the economic system shriveled 6.4%. Maluleke reported a get lengthen of 988,000 in the no longer economically full of life population.
- Analysts warn that the most fresh fuel price hikes taking attain from Wednesday will like a dire impression on customers. On Monday, vitality minister Gwede Mantashe announced that motorists will be forking over an extra 81 cents per litre for petrol this week, taking the worth to over R20 a litre. The AA has warned that the worth hikes will like a knock-on attain across the provision chain and add inflationary strain to the economic system. Analysts like talked about that fuel price hikes this year like already pushed many customers to the brink of their budgets, and the most fresh could perchance fair push them over the brink. There were requires a paunchy overview of fuel costs in South Africa, including reducing taxes.
- Following reports that the executive has in the waste decided to scrap e-tolls in Gauteng, transport minister Fikile Mbalula has issued a assertion denying the kind of resolution has been made. Mbalula – who has been promising a resolution to the e-toll saga for years – talked about that Cabinet has no longer but made any resolution on e-tolls and that the resolution isn’t as straightforward as scrapping or no longer scrapping the blueprint. He predicament but one other chop assist-off date, asserting that the Nationwide Treasury will like the remaining exclaim and impress these findings in the 2022 price range speech.
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Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa’s upward push to presidential energy, narrated by our very possess Alec Hogg.
