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Although youth unemployment is high, this does not necessarily make the causes of unemployment youth-specific; many of the causes of unemployment, such as poor infrastructure or insufficient educational qualifications, affect older and younger Africans alike. [24] Approximately 200 million people in Africa are between the ages of 15 and 24.
The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [ 26][ 27][ 28] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 29] Following 1996, at the end of over twelve years of international sanctions, South Africa ...
In South Africa, this idea is known as the first (capitalist, high-profit industries) and second (underdeveloped) economies. [4] The first economy contributes to the majority of South Africa's wealth and is integrated within the world economy. The second economy consists of low-skilled and outdated jobs.
Warning of how unemployment threatens the country's stability, the U.N. referred specifically to a week in 2021 when riots and looting left more than 350 people dead in South Africa, the worst ...
South Africa's unemployment rate, already the highest in the world, rose to 32.1% in the fourth quarter of 2023, according to official government figures released on Tuesday. The Quarterly Labor ...
South Africa's energy crisis or load shedding is an ongoing period of widespread national blackouts of electricity supply. It began in the later months of 2007 towards the end of Thabo Mbeki 's second term as president, and continues to the present. [ 1][ 2] The South African government-owned national power utility, and primary power generator ...
Post-apartheid South Africa struggles to correct the social inequalities created by decades of apartheid. [ 1] White nepotism remains a considerable obstacle to economic gain and political influence for Black South Africans. [ 4][ 5] Despite a growing gross domestic product, indices for poverty, unemployment, income inequality, life expectancy ...
Recessions. Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis.The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non ...