South Africa's unemployment steady, foreign reserves up to $42.414 billionStaff Writer | August 7, 2017
South Africa's unemployment rate remained unchanged at 27.7 percent of the labour force in the second quarter from the first quarter, data from the statistics office showed.
Africa The statistics office and the Reserve Bank:
The expanded definition of unemployment, which includes people who have stopped looking for work, rose slightly to 36.6 percent in the second quarter, from 36.4 percent in the previous quarter.
South Africa's net foreign reserves rose to $42.414 billion in July from $42.235 billion in June, the Reserve Bank said
Gross reserves fell to $46.746 billion from $47.352 billion, the central bank data showed.
The forward position, which represents the central bank's unsettled or swap transactions, increased to $3.113 billion from $2.464 billion. ■