South Africa’s escalating joblessness, combined with elevated consumer price inflation, is heightening social stability risks in the country, says professional services firm PwC.
The country saw its worst riots since the end of apartheid in July 2021, with the violence claiming 354 lives. The perceived lack of response from the government led to a cabinet reshuffle and the axing of the national police commissioner. The government also plans to enrol 12,000 police officers before the end of this year as part of efforts to rebuild its police force.
“Both unemployment and inflation are higher at present compared to the levels seen […]
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