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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U.S CONSIDERS EASING IRANIAN OIL SANCTIONS TO CONTROL PRICES. (PHOTO).

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 U.S considers easing Iranian oil sanctions to control prices

The White House is weighing the possibility of lifting sanctions on Iranian oil already at sea to help stabilize global oil prices, Treasury Secretary Scott Bessent said Thursday. The move would be aimed at easing the recent spike in Brent crude, which jumped 10% in just 24 hours and is now trading around $111 per barrel—nearly 60% higher than pre-war levels.

Bessent explained that unsanctioning Iranian barrels could add roughly 140 million barrels to the market, equivalent to 10 to 14 days of supply, using the oil itself to help contain prices. The administration has relied on a variety of measures to manage costs in recent weeks, including promising tanker escorts through the Strait of Hormuz, waiving the Jones Act, and temporarily lifting sanctions on Russian oil. Experts say easing Iranian sanctions in the middle of a conflict would be unprecedented, reflecting the pressure on the U.S. to offset the economic ripple effects of the war and stabilize the market.


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