Gauteng Residents Suffer from High Levels of Unemployment in the Millions
There are millions of unemployed in Gauteng. The Democratic Alliance (DA) has reported that unemployment in the province has increased slightly for the fourth quarter of 2022, with 2,523,000 residents currently unemployed and an additional 599,000 feeling discouraged about looking for work. According to the South African, 3,589,000 people in Gauteng are not economically active.
Sharp increases in food and electricity prices, constant rolling blackouts, high levels of crime, and corruption further compound the situation in Gauteng. In addition, South Africa has been greylisted by the Financial Action Task Force (FATF) due to non-compliance with international standards around money laundering, terrorist financing, and proliferation financing. This greylisting will likely make it more difficult for the national and provincial governments to attract investors and secure loans to help grow the economy.
Nicola du Plessis, DA MPL – Gauteng Economic Development, has expressed concern that there is no government intervention to improve the current situation for residents. She believes that the unemployment rate in Gauteng looks set to increase, and the DA will continue to expose criminal acts such as fraud, bribery, and abuse of power that directly impact the unemployed residents in the province.
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Picture: Pexels / Anna Shvets