Browsing Tag

South

South Africa: the galley of informal workers

South Africa has released its second quarter unemployment figures for the year. More than two million jobs have been lost while the country was under very strict containment. The official unemployment rate has dropped to 23%, but the figure from the National Statistics Agency is misleading because it does not take into account people who have given up on job search, the broader definition of…

South Africa: how to save public companies

As South Africa tries to emerge from the economic crisis caused by the pandemic, it is questioning the fate to be reserved for public companies. Many of them have suffered significant losses this year, despite having already had financial difficulties before the crisis. Now they are asking the government to save them, but the country's coffers are already less and less full. Before Parliament, the Ministry of Finance painted a very bleak picture at the beginning of the month: the country's public companies are…

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