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Economic expert says unemployment in South Africa could continue for years

VAAL TRIANGLE - Economic expert Raymond Parsons says unemployment in South Africa will likely continue for years. The country's unemployment rate rose to 32.9% in the first quarter of 2024. Parsons blames the higher unemployment rate on the weak economy and seasonal factors. He says the ongoing high unemployment is linked to the country's minimal gross domestic product growth. According to Parsons, this underscores the urgent need for job-rich growth strategies to address South Africa's employment crisis.

PHOTO: (Supplied)

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