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unemployment rate

We have had report after report revealing disheartening information regarding job losses and economic downturns following the pandemic and subsequent lockdown. Over 1.4 million jobs were lost in 2020, and only a fraction of this was expected to be recovered in 2021. Similar events have occurred on a global scale. Is there any good news? Read on and see how you should be pivoting your career, and adjusting expectations with regards to work and studies.

Cogta Minister, Dr Nkosazana Dlamini Zuma

The Minister of Co-operative Governance and Traditional Affairs, Dr Nkosazana Dlamini Zuma released a gazette after amending a section of level 4 regulations on Wednesday.

Man in a suit & tie

Unemployment is a massive challenge that has been exacerbated by the Covid-19 crisis. With 55.75% of the country's youth unemployed, more focus should be placed on how youth can enter the job market without a formal tertiary qualification to contribute positively to the country's economy.

Money

With a record high unemployment rate of 43.2% recorded in the first quarter of 2021[1], and lockdown destroying 42.7%[2] of small businesses in South Africa, it is a clear signal that the backbone of our country’s frail economy is weakening.

David Maynier

Thousands of jobs have been created through skills development programmes, offering many young people full-time employment contracts. 

Covid-19 has changed the way many businesses function. The world is moving towards being more digital but the South African job market could be falling behind.

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