SOUTH AFRICA'S UNEMPLOYMENT RATE RISES TO 33.6% IN Q2 2026.(PHOTO).

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  South Africa's Unemployment Rate Rises to 33.6% in Q2 2026 South Africa's unemployment rate climbed to 33.6% in the second quarter of 2026, up from 32.7% in the first quarter, according to new figures from the national statistics department. The number of unemployed people rose to 8.5 million, while the number of employed people fell by 16,000 to 16.7 million. The data shows job losses across key sectors including community and social services, mining, agriculture, manufacturing and utilities. The steepest declines were recorded in the Western Cape, Gauteng, and North West provinces. Officials did not provide clear reasons for the downturn, leaving the main drivers of the rising unemployment rate uncertain.
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BINANCE SEEKS OUT-OF-COURT SETTLEMENT WITH FG IN TAX EVASION CASE. (PHOTO)

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Binance Seeks Out-Of-Court Settlement With Fg In Tax Evasion Case

A Global Cryptocurrency Giant, Binance Holdings Limited Has Opened Talks With The Federal Government To Resolve The Tax Evasion Charge Filed Against It, A Move That Has Effectively Stalled Ongoing Trial Proceedings At The Federal High Court In Abuja.

Both The Defence And Prosecution Confirmed Before The Federal High Court Sitting In Abuja Presided Over By Justice Emeka Nwite That Negotiations Aimed At An Out-Of-Court Settlement Were Underway.
Counsel To Binance, Sunday Agaji, Informed The Court That The Company Had Initiated Discussions With The Tax Authorities In A Bid To Resolve The Matter Amicably.
The Position Was Corroborated By Government Counsel, Moses Idehowho Confirmed That The Defence Had Earlier Approached The Agency Regarding A Possible Resolution.
Although The Matter Had Been Scheduled For Continuation Of Trial, The Court Opted To Adjourn Proceedings To Allow Both Parties Time To Pursue Settlement Discussions.
Justice Nwite Subsequently Fixed May 12 For A Report On The Progress Of The Negotiations, Effectively Pausing The Trial.
The Case Had Reached An Advanced Stage, With The Fourth Prosecution Witness Already Testifying At The Previous Hearing.
The Charges Against Binance Stem From A Four-Count Suit Bordering On Alleged Tax Evasion Linked To Its Operations In Nigeria.

The Company Was Re-Arraigned On July 12, 2024, With Its Nigerian Representative, Ayodele Omotilewa, Entering A Not Guilty Plea On Its Behalf.

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