Powerless governance, load-shedding and South Africa's soaring unemployment
16 May 2023
The release of the Quarterly Labour Force Survey (QLFS) for Q1:2023 reveals a grim reality: South Africa's unemployment crisis is not only persisting but intensifying.
The official unemployment rate has escalated to 32.9%, a 0.2 percentage point increase from the preceding quarter.
An analysis of these figures reveals that the ANC government's inability to ensure a stable power supply is exacerbating this crisis. Even more alarming is the revelation that 3.7 million young people, accounting for 36.1% of the 15-24 age group, are not in employment, education, or training.
This is a ticking time bomb, threatening to explode with catastrophic social and economic consequences.