Tag: percent

South Africa: Treasury Projects the Economy to Grow By 3.3 Percent

As the country begins to roll out a massive vaccination programme, the Gross Domestic Product (GDP) is projected to grow by a rate of 3.3 percent in 2021. Releasing the Budget Review for the next three years, the National Treasury said on Wednesday the COVID-19 shock is estimated to have led to a 7.2 percent

South Africa: Unemployment Rises to 32.5 Percent

South Africa’s unemployment rate rose to 32.5% in the last three months of 2020, Statistician-General Risenga Maluleke has revealed. The increase presents a 1.7 percentage point increase from the third quarter of 2020. Despite the grim picture painted in the fourth quarter (Q4) Labour Force Survey, released on Tuesday, Stats SA said the Quarter 4