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Assessing and promoting civil and minority rights in South Africa.

[Source: BusinessTech.]

South Africa’s biggest problem, according to its citizens, is the stubbornly high unemployment rate, according to a survey published by Momentum.

And new data from StatsSA showed that the first quarter of 2019 experienced a rise in the country’s unemployment rate to 27.6% from 27.1%.

“With the fiscus under strain, the onus of employment growth lies heavily on the private sector, Momentum said, following the release of the latest data. “In Momentum Investments’ view, political uncertainty needs to abate and a recovery in domestic demand is required before firms can concentrate their efforts on hiring and investment again, it said.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.5% y/y in March 2019 (CPI) & +6.2 y/y in March 2019 (PPI)
1.4% q/q (4th quarter of 2018)
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