Unemployment Rate 2024 South African Economy. Consumer inflation is forecast to average 4.5%—in line with the south african reserve bank’s target—in 2023, a notable. To achieve this, the economy will need to grow by an average rate of 2.0% p.a.

According to statistics sa, the unemployment rate reached a staggering 33.5% in the second quarter. Consumer inflation is forecast to average 4.5%—in line with the south african reserve bank’s target—in 2023, a notable.