Wave of Retrenchments Deepens South Africa’s Unemployment Crisis

Over the past few months, a growing number of companies across multiple industries have announced plans to cut thousands of jobs in South Africa, delivering yet another blow to an economy already grappling with high unemployment and sluggish growth. This ongoing wave of retrenchments threatens to further stall the country’s economic recovery, as businesses struggle to stay afloat in a low-growth environment. Chief Economist at Econometrix, Dr. Azar Jammine, stated […]