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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SOLID MINERALS SECTOR ATTRACTS $2.5BN FDI -ALAKE. (PHOTO).

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 SOLID MINERALS SECTOR ATTRACTS $2.5BN FDI -ALAKE


Minister of Solid Minerals Development, Dele Alake  Alake revealed that within two and half years of President Bola Tinubu's administration the solid minerals sector in Nigeria has attracted 2.5 billion dollars in Direct Foreign Investment, and advised the US  and African countries to prioritize the establishment of regional energy hubs as a strategic pathway to accelerate cross-border mining industrialization and strengthen the supply chain of critical minerals essential for the global energy transition.


The minister at the ongoing Powering Africa Summit in Washington, D.C., United States also emphasized that sustainable partnership with Africa remains the fastest route to meeting rising global demand for critical minerals.


He called for the development of regional industrial corridors noting that similar belts —such as the Lagos–Abidjan corridor, could unlock vast mineral potential across the continent.


He highlighted reforms in the sector and measures to address insecurity in the mining industry.

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