BizBriefing: Unemployment rises; European investment delays, DA stung; Multichoice, Mediclinic; Zuma, Magashule appear
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In today's business headlines:
• South Africa’s official unemployment rate has risen to 30.8% returning to a 17-year high in the third quarter.
• European businesses have indicated that they are delaying investment in South Africa because of poor power and water supply and the costs of complying with Black economic empowerment legislation.
- The Democratic Alliance has suffered losses in this week’s nationwide local elections losing 7 wards to the ANC, Patriotic Alliance, Al Jama-ah and the Good party. It includes three seats that were taken in the City of Johannesburg, and Patricia de Lille’s Good party took a seat in George from the DA.
- Former President Jacob Zuma has filed an application for Judge Raymond Zondo’s recusal in another attempt to avoid appearing before the commission investigating state capture. Learn more about your ad choices. Visit megaphone.fm/adchoices
• South Africa’s official unemployment rate has risen to 30.8% returning to a 17-year high in the third quarter.
• European businesses have indicated that they are delaying investment in South Africa because of poor power and water supply and the costs of complying with Black economic empowerment legislation.
- The Democratic Alliance has suffered losses in this week’s nationwide local elections losing 7 wards to the ANC, Patriotic Alliance, Al Jama-ah and the Good party. It includes three seats that were taken in the City of Johannesburg, and Patricia de Lille’s Good party took a seat in George from the DA.
- Former President Jacob Zuma has filed an application for Judge Raymond Zondo’s recusal in another attempt to avoid appearing before the commission investigating state capture. Learn more about your ad choices. Visit megaphone.fm/adchoices
