South Africa's jobless rate tops 30% in Q1 2020

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South Africa's jobless rate tops 30% in Q1 2020
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The number of unemployed reaches 7.1 million in South Africa, with the formal sector shedding the most jobs.

The number of unemployed came to 7.1 million, with the formal sector shedding the most jobs, StatsSA said.

"Most industries experienced job losses in the 1st quarter of 2020, compared to the 4th quarter of 2019," the statistics agency said, adding that the finance sector lost 50,000 jobs. President Cyril Ramaphosa on Monday, June 22, warned of mass job losses and"tough times" ahead as theRamaphosa imposed a strict lockdown on March 27 to try to limit the spread ofBut the move has cost the economy dearly. South Africa was already

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