Inflation Rate 2024 South African Economy. In the second quarter of 2024, unemployment climbed to 33.5% and, when using statistics south africa’s expanded definition, which includes discouraged job. Abigail moyo, the spokesperson of the trade union uasa, said, “the price drop, combined with the inflation rate of 4.6% moving closer to the sa reserve bank’s target.
Consumer inflation sinks below 5%. In august and september 2019, while trump was president, the black unemployment rate reached a new low of 5.3%.
