South Africa’s high unemployment rate hits rental market - Punch Newspapers

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Tenant demand for a rental property in the third quarter of 2021 remains weak. Low demand is perhaps not surprising considering that the hard lockdown in the second quarter of 2020 wiped out 14 percent of all jobs.

The Chief Executive Officer of TPN Credit Bureau Michelle Dickens, says that the unemployment rate deteriorated again in the third quarter of 2021 with an additional 375 000 more jobs lost in the formal sector.

 

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