US EditionSoaring unemployment puts pressure on SMEs
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Soaring unemployment puts pressure on SMEs
South Africa’s stubbornly high unemployment rate, which was at 32.9% in the first quarter of 2025, is threatening the resilience and growth of the country’s smaller enterprises. According to Stats SA, youth unemployment remains alarmingly high at 46.1%, raising fresh concerns about South Africa’s future workforce and economic stability. “These numbers are not just statistics. They reflect growing desperation, especially among young people,” said…
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