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Let us start with the numbers that do not make it into the investor roadshow presentations. South Africa’s official unemployment rate reached 33.6% in the second quarter of 2026 – its highest level since August 2022 – with 8.5 million not having a job. The expanded definition, which includes discouraged job-seekers, puts the real figure at 43.8% of the labour force. 6 Oct 2026Read more