South Africa's Unemployment Rate Hits New High Ahead of Election

The African National Congress faces unprecedented electoral challenges as unemployment soars to 32.1%.

South Africa's unemployment rate rose to 32.1% in the fourth quarter of 2023, marking the highest in the world.
The increase in unemployment adds significant pressure on the ruling African National Congress (ANC) party ahead of the upcoming national election.
Youth unemployment reached 59.4%, highlighting the country's struggle to create jobs for young people entering the workforce.
Polls suggest the ANC may receive less than 50% of the vote, potentially leading to the first coalition government in South Africa's history.
The Democratic Alliance, the main opposition party, is exploring coalition agreements with smaller parties to challenge the ANC's dominance.