Skip links

Fear of job losses, rising poverty as South Africa slips into recession

Read < 1 minute

South Africa’s new Finance Minister, Malusi Gigaba, has a tough job ahead of him.

Since taking office a week ago, the economy has been downgraded to junk by two major ratings agencies. There are now fears of mounting job losses and rising poverty as the country slumps into a recession.

Sumitra Nydoo reports.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.