An explosion targeting a tourist bus injured at least 12 people on Sunday, mostly South African tourists, near a new museum being built close to the Giza pyramids in Egypt, two security sources said. A third security source said the bus was carrying 25 South African tourists from the airport to the pyramids area, and that four Egyptians in a nearby car were also injured by broken glass.
Moody's: * MOODY'S SAYS SOUTH AFRICA FACES WEAK LONG-TERM GROWTH OUTLOOK AND RISING DEBT; CREDIT PROFILE RESILIENT TO SHOCKS. * MOODY'S SAYS SOUTH AFRICA'S GDP GROWTH TO REMAIN ONE OF THE LOWEST AMONG BAA3-RATED SOVEREIGNS. * MOODY'S SAYS ONE OF MAIN CHALLENGES OF NEW GOVERNMENT WILL BE TO ARREST AND POTENTIALLY REVERSE LONG-TERM DECLINE IN SOUTH AFRICA'S GROWTH POTENTIAL.
South Africa's unemployment rate inched up to 27.6% in the first quarter, official data showed on Tuesday, underscoring the scale of the economic challenge faced by President Cyril Ramaphosa after his ANC party won re-election. Ramaphosa is trying to revive the South African economy, the continent's most industrialised, after a decade of slow growth and rising joblessness.
South Africa's unemployment rate rose to 27.6% in the first quarter from 27.1% in the last quarter of 2018, official data showed on Tuesday. There were 6.2 million people without jobs in the three months to the end of March, compared with 6.1 million people in the prior quarter, Statistics South Africa said its quarterly labour force survey.
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