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Event Brief

South Africa unemployment rate rises to 32.7%

South Africa’s unemployment rate rose 1.3 points to 32.7%, with the outlook worsening amid the Middle East war.
WHO: South Africa’s labour market
WHAT: Unemployment rate increase to 32.7%
WHEN: May 12, 2026 at 8:17 AM ET
WHERE: South Africa
WHY: The economic outlook is souring with each passing day of the Middle East war triggered at the end of February by US and Israeli attacks on Iran.

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