South Africa’s 32.9% unemployment rate spells doom for ruling government ahead of elections
South Africa has witnessed a surge in its unemployment rate during the first quarter of 2024, posing a threat to the chances of the ruling African National Congress (ANC) as opposition parties intensify their criticism over the party's inability to tackle the issue ahead of the upcoming national elections.
According to data released by Stats SA, the unemployment rate climbed by 0.8% to hit 32.9% in the first three months of the year, Business Day reports.
Despite the creation of tens of thousands of jobs in sectors like manufacturing, agriculture, and mining, these gains were overshadowed by losses in finance, construction, and community and social services, encompassing government services, education, and social work.
The persistently high unemployment rate, particularly affecting the youth with a staggering 45.5% unemployment rate in the first quarter, has become a central political issue in the run-up to the national and provincial elections scheduled for May 29. Many young people express frustration over the lack of opportunities in what is traditionally considered Africa's most industrialized economy.
The surge in unemployment has not only sparked protests but also fueled anti-foreigner sentiments within the country. Opposition parties, notably the Democratic Alliance (DA), seized upon the latest figures to denounce the ANC's performance, emphasising that unemployment rates were lower in provinces governed by the DA.
"The jobs bloodbath that continues everywhere that the ANC governs, is a most compelling reason to vote the ANC out in two weeks' time," DA’s shadow labour minister, Michael Bagraim, is quoted as saying.
Since its rise to power in 1994, the ANC has faced a significant decline in public support, plagued by allegations of corruption and mismanagement amid economic stagnation. Projections suggest the party might dip below the 50% mark for the first time in the upcoming general election, necessitating coalition-building efforts to retain governance.
