Unemployment jumps to 33.6% as economy sheds jobs
Every major station led with StatsSA's Q2 labour force numbers showing 345,000 more South Africans out of work and the official jobless rate climbing to 33.6%, with youth unemployment near 47.4%. On Power Talk, analysts demolished the 'economy is turning' narrative, noting 360,000 jobs vanished in the first six months. COSATU's Matthew Parks called for a 'bold and aggressive stimulus package,' while SAFTU's Zwelinzima Vavi told SAfm the broad rate is closer to 46.3%. 702, Cape Talk and SAfm all framed it as evidence of failing economic policy three months before local government elections.