The unemployment figures in Statistics South Africa’s latest quarterly report are shocking, but 3.5 million people are missing from the official count. By Dennis Webster Statistics South Africa’s Quarterly Labour Force Survey for the second quarter of this year shows that the country’s unemployment crisis is deepening. But the picture is likely a lot worse than you think. Released on Tuesday 30...
“It’s not an easy life but I have to do it to support my family back home” By Zoë Postman A community of waste pickers in Centurion are no longer facing eviction, at least not immediately. The Pretoria High Court has told the waste pickers, the City of Tshwane, and the owners of the property the waste pickers are living on to...
Maximum interest rate on second loans reduced By Ciaran Ryan Borrowers with more than one debt outstanding were given some protection last week when the Supreme Court of Appeal ruled that the interest rate on short-term loans after the first loan cannot exceed 3% a month. Micro Finance South Africa (MFSA) had challenged regulations promulgated under the National Credit Act reducing the interest...