JOHANNESBURG – South Africa’s jobless rate rose in the first quarter of 2024, official data showed yesterday, in a worrying sign for the government weeks before the closest election in decades. The unemployment rate hit 32.9% between January and March, up by 0.8 of a percentage point on the previous quarter, national statistics agency StatsSA said. “The number of unemployed persons increased by 330000 to 8.2 million,” it said. High unemployment is a key political issue ahead of national and provincial elections on 29 May.
Young people in particular lament the lack of prospects in what is usually regarded as Africa’s most industrialised economy. Youth unemployment was 45.5% in the first quarter, up 1.3 percentage points on the previous three months. In power since the advent of democracy in 1994, the ruling African National Congress has been experiencing a sharp decline in support.
Beset by graft and mismanagement allegations amid a slumbering economy, it is expected to drop below 50% of the vote for the first time in the general election on 29 May. If the party falls short of a parliamentary majority, it would be forced to seek coalition partners to remain in power.
The high unemployment rate has fuelled protests as well as anti-foreigner sentiment.
– Nampa/AFP