Statistics South Africa has released the unemployment rate for the second quarter of 2023, which declined slightly to 32.6% from 32.9% in the first quarter. The number of unemployed people also declined slightly, coming in at 7 921 000. According to an expanded definition of unemployment that includes those discouraged from seeking work, 42.1% of the labour force was without work in the second quarter, compared with 42.4% in the […]
INTERNATIONAL This week, Turkey’s President Recep Tayyip Erdogan introduced new measures aimed at stimulating the purchase of real estate by offering low interest rates. Mortgage loan interest rates in Turkey currently oscillate annually between 18.5 and 24 percent. The new package, however, offers first-time buyers much cheaper credit, with annual interest rates of 11.88 percent. “Due to sharp increases in raw materials globally and also supply problems, the construction sector […]
By Wardah Wilkinson With a mass street iftaar planned for Friday evening, Bo-Kaap residents have vowed to continue their demonstrations until the government addresses their plight. Scores of Bo-Kaap residents, mainly youth, took to the streets every night this week to draw attention to the problems facing the community. Residents closed off Wale Street between Buitengracht and Rose streets with burning tyres. They are calling on the City of Cape […]
VOC became the first Muslim radio station in South Africa when a special events license was granted to the station in Ramadan/January 1995. Subsequent temporary broadcast licenses were granted, permitting the station to broadcast for 24 hours.
