The Money Show SA unemployment rate rises to 33.2%, sparking concern over economic recovery
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Aug 12, 2025 Risenga Maluleke, Statistician-General at Statistics South Africa, discusses the alarming rise in unemployment to 33.2%, shedding light on labor survey changes. Warren Ingram, a certified financial planner, offers insights into managing financial hurdles amidst economic instability. Rotendo Ndwingi, director of Tribe Africa Advisory, analyzes Africa's trade relations and investment potential, emphasizing the need for strategic partnerships. Together, they explore the profound impacts on young job seekers and the importance of financial resilience.
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Unemployment Hits One-Third
- South Africa's official unemployment rate reached 33.2% in Q2 2025, reflecting a long-term upward trend.
- The rise shows persistent labour-market weakness despite small increases in employment reported by Stats SA.
Methodology Changes Add Depth Not Break Series
- Stats SA is adding questionnaire attributes to measure hours and underemployment, not changing the ILO-based employment definition.
- These additions aim to capture underemployment without breaking historical series for comparability.
Preserve Historic Series For Comparability
- Stats SA will preserve the historical series so users can compare new and old data like with like.
- Rely on preserved series when analysing trends across methodology updates to avoid false breaks.
