Johannesburg Struggles to Keep Lights on But Repays Bondholders

South Africa’s unemployment rate fell to its lowest level in more than five years in the fourth quarter, helped by hiring in the community and social services and construction sectors. The report is a modestly positive labor-market data point for the South African economy, though it is unlikely to have an immediate broad market impact.

Analysis

South Africa’s unemployment rate fell to its lowest level in more than five years in the fourth quarter, helped by hiring in the community and social services and construction sectors. The report is a modestly positive labor-market data point for the South African economy, though it is unlikely to have an immediate broad market impact.