Unemployment skyrocketed in the second quarter, reaching levels last seen during the 2008/2009 financial crisis.
The unemployment rate is now at 29%, while the expanded definition, which includes discouraged job seekers, is at a record high of 38.5%. The jobless rate among the country’s youth is even higher at 56%.
Business Day TV sat down with Ikusasa Student Financial Aid Programme chair Sizwe Nxasana to talk about youth unemployment and education.
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