South African President Cyril Ramaphosa said on Thursday that a restructured South African Airways should be commercially sustainable and not dependent on further government funding.
South Africa's unemployment rate was 29.1% in the fourth quarter, unchanged from the third quarter, the country's statistics agency said Tuesday. Unemployment remains at a historic high, even as the number of people in the labor force increased by 38,000, Statistics South Africa said. Africa's most developed economy narrowly missed a technical recession in the second quarter of 2019, and is now at risk ahead of the fourth quarter, after contracting 0.6% in the third quarter.
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