Economists say the problem is deeply entrenched, driven by slow growth, extreme inequality, and a mismatch between workforce skills and modern industry needs. Sectors such as community services, agriculture, and finance saw notable job losses

South Africa’s auto industry and jobs market hit by imports, tariffs

South Africa's economy will likely remain weak in the June quarter after unexpectedly contracting in the prior three months. This is driven by election jitters weighing on demand. Gross domestic product fell 0.1% in the three months through March, compared with revised growth of 0.3% in the prior quarter. The slump was largely due to contractions in the mining, manufacturing and construction sectors, which make up more than a fifth of GDP. This was driven by weak demand and a pickup in rotational power cuts.

South Africa's election uncertainty festers

South Africa's government turns to the business community to boost economic growth. The country aims to boost GDP by as much as six percentage points by fixing the country's collapsing ports and freight-rail network.

South Africa's plans to fire up economy | World Business Watch

In a move to bolster an economy ravaged by the pandemic, the South African government plans to formalize the Cannabis sector. WION tells you more.

Exclusive: South African government plans to formalize Cannabis market

South African tax payers can breathe a sigh of relief as the finance minister in his 2021 budget announced they would not introduce any new taxes this year. “We agree that tax increases must be kept to a minimum as we stabilise our public finances.

No new taxes to be announced in South Africa's 2021 budget

South Africa’s economy will likely contract this year by more than the 7% previously forecast by the Treasury.

South Africa's economy to shrink by more than 7% in 2020

However, the agriculture, forestry and fishing industry increased by 27.8 percent and contributed 0.5 of a percentage point to GDP growth

South Africa’s GDP declines by 2 percent in 2020 Q1