Educational attainment has grown significantly in SA. In 2001, the average working-age individual had 8.5 years of education compared to 10.6 years by 2023. In 2023, 46% of the working-age population had completed secondary schooling compared to 27% in 2001 - @TimothyKohler
#SAInflation || Beef mince inflation slowed from 22,2% to 15,3% and stewing beef from 22,6% to 8,7%. Chief Director, Patrick Kelly, will share key insights from the latest #CPI data on @jozifm at 19:30.
🔗: https://t.co/Q9SWmVUmMt
#StatsSA#KnowYourStatsZA#GovZAUpdates#CPI
Instead, this article says South Africa has 7-8 million barrels of strategic fuel reserves (mostly crude oil) which would last around two weeks - How South Africa’s limited oil reserves expose it to global shocks https://t.co/ing3ktRI1O
"By law there are supposed to be two months’ supply of transport fuel held in reserve at any one time. The minister’s failure to confirm whether this legal requirement is being met raises serious concerns that the two-month reserve has not been maintained." @Our_DA
Instead, this article says South Africa has 7-8 million barrels of strategic fuel reserves (mostly crude oil) which would last around two weeks - How South Africa’s limited oil reserves expose it to global shocks https://t.co/ing3ktRI1O
"By law there are supposed to be two months’ supply of transport fuel held in reserve at any one time. The minister’s failure to confirm whether this legal requirement is being met raises serious concerns that the two-month reserve has not been maintained." @Our_DA
Educational attainment has grown significantly in SA. In 2001, the average working-age individual had 8.5 years of education compared to 10.6 years by 2023. In 2023, 46% of the working-age population had completed secondary schooling compared to 27% in 2001 - @TimothyKohler
Notably, SA’s returns structure has shifted to favour tertiary education. Returns to tertiary education tripled from 7.3% in 2001 to 23% in 2023. Concurrently, returns of lower levels of education shrunk, from 5.5 to 3.3% for primary and 19.5 to 14.2% for secondary.
Unemployment among African graduates in 2023 was 18%, compared with 3.7% among white graduates. Female graduate unemployment was 4.5 percentage points higher than males', reaching 14% in 2023. These inequalities are, however, less pronounced than in the broader labour market.
Between 2008 and 2023 graduate unemployment went from 5.8% to 11.8%. While concerning, this is still much lower than the rate for individuals with lower levels of education - @econ3x3 https://t.co/1fN9LBQ0qc
10 bodyguards and fleet of 6 vehicles for Johannesburg Mayor; and 8 bodyguards and fleet of 5 cars for city Speaker is unconstitutional and invalid, declares High Court. City is spending R3m a month on VIP protection with total of 60 bodyguards, 40 vehicles for city politicians.
In 2023 Harvard's Growth Lab estimated that failing utilities (power and water) were responsible for 40% of the South Africa’s recent economic underperformance - https://t.co/SBira6nine