Unemployment
For many years, South Africa has struggled with low economic growth and high unemployment rates. The official unemployment rate was 33.5% in April-June of this year.
During that time, the unemployment rate was 37.6% for Black South Africans and 7.9% for White South Africans, according to statistics. For mixed-race South Africans, the rate was 23.3%.
Statistics South Africa reports that the unemployment rate for Black people has consistently been higher than the national average over the past decade and has risen by more than 9 percentage points since 2014.
A young Black man stands by the roadside seeking temporary work in Johannesburg, South Africa, on September 19. Photo: Reuters
Management position
According to the South African Equal Employment Commission, in 2022, white people held 65.9% of senior management positions in the private sector, while black people held 13.8%.
According to official figures, out of South Africa's total population of 64 million, approximately 8% are white. Statistics show an increase in the proportion of Black people, while the level of employment has decreased from high-level, professional, skilled, semi-skilled, and unskilled.
At the unskilled labor level, white people accounted for 0.9% of private sector jobs and Black people accounted for 82.8% in 2022.
Ownership
According to the Commission on Broad Economic Empowerment of Black People, which includes other minority groups such as mixed-race and Asian people, the average ownership percentage of Black people on the Johannesburg Stock Exchange was nearly 30% in 2022.
However, this report is based on a small sample of companies that submitted their information. One economist calculated that the actual ownership by Black people in publicly listed companies is only about 1%.
In its latest report, the Commission stated that the percentage of Black board members at publicly traded companies in 2022 was approximately 47%, indicating potential for further progress.
Ngoc Anh (according to Reuters)
Source: https://www.congluan.vn/nhung-con-so-cho-thay-nan-phan-biet-chung-toc-van-con-dai-dang-o-nam-phi-post313545.html
Comment (0)