It is a debatable fact that South Africa is slowly but surely becoming one of many 'failed' African states after attainment of independence. The recent depressing Unemployment numbers released by Stats SA shows that the number of unemployed South Africans is roughly sitting on whooping 12 million with is equivalent to 34.4% of the entire population.
China has won the Covid-19 vaccine diplomacy battle in Africa and the rest of the developing world, defeating Russia, India, and the West, according to a study by the Economist's intelligence section. China sells the bulk of vaccines to African nations. Simultaneously, the Covid-19 Vaccinations Global Access (COVAX) program, a global effort to provide equal access to vaccines, has fallen short of meeting the demands of the poor countries.
The continent’s most industrialised nation has been hit harder by Covid-19 than any other country. Official figures show over 89,000 people have died in SA of the disease since the start of the pandemic. Excess deaths are thought to be far higher than in many European countries.
Seeing young women becoming successful is amazing.Today we are going through a young woman from Limpopo Tafelkop.Dimakatso Sekwati is a young Economist analyst who is 25 years.When we talk about beauty with brains we use her as an example.She obtained her Bcom in Economics degree at University Of Venda in 2019 and has completed her Honours degree recently. "
South Africa has been ranked the highest in food security out of 28 nations in sub-Saharan Africa (SSA).This as indicated by the most recent Global Food Security Index (GFSI) report, regardless of a general decrease in food security.
In a media statement released by the power utility Eskom on 11 March 2020, Eskom declared that stage 4 loadshedding has been implemented. The implementation of stage 4 loadshedding is a result of a trip which occurred in Unit 1 at Koeberg Power Station near Cape Town. According to Eskom, a water pump has been damaged and fixing the unit will take days. Furthermore, Eskom says the demand for power has peaked since the beginning of 2020 and urges people to use power cautiously. Currently, the power utility
The restored R350 social relief grant will cost the state about 30 billion rands, but there are views that the president should consider increasing the amount. Economist Dick Forslund said on Monday that the government should consider making it more permanent. He said the government should also abandon austerity policies, saying they harm society.
The South African economy has been struggling long before coronavirus could hit us. The unreliable electricity supply that has weakened the business confidence and investments. South Africa records high unemployment rate and Economist have already warned that the second quarter will see a decline in GDP. The downgrade came when South Africa entered the 21-day national Lockdown. This was in effort to slow down the spread of the coronavirus. According to Fin24 the rating agency Moody's has cut back has cut So
Things keep getting worse in South Africa as unemployment appreciate in the first quarter of 2021 by 0.1%. More than 300 thousands Education Assistants and General assistants had their programme terminated when their contracts expired on the last day of April. This is no shocking that the unemployment rate has increased.
Senior financial expert at the Alternative Information and Development Center Dick Forslund says he upholds Finance Minister Tito Mboweni's projection, that South Africa will see 3.3% monetary development toward the finish of this current year.