Flash Briefing: SA unemployment at record high – but govt adds jobs; Uber drivers demand holiday pay; Sibanye

Written on 02/23/2021
Editor

Headlines:

  • South Africa’s unemployment rate climbed to a record in the fourth quarter as the economy was ravaged by Covid-19 lockdown restrictions. The jobless rate rose to 32.5% from 30.8% in the previous three months, according to Statistics South Africa.
  • South African Uber drivers are to go to court to seek rights including compensation for unpaid overtime and holiday pay.
  • Sibanye, the world’s largest source of platinum group metals (PGMs), plans to focus on expanding into battery metals as it looks to capitalise on the global push for green technologies.
  • Elon Musk is no longer the world’s richest person after Tesla shares slid 8.6% on Monday, wiping $15.2bn from his net worth.

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