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Flash Briefing: SA unemployment at record high - but govt adds jobs; Uber drivers demand holiday pay; Sibanye

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* South Africa’s unemployment rate climbed to a record in the fourth quarter as the economy was ravaged by Covid-19 lockdown restrictions . The jobless rate rose to 32.5% from 30.8% in the previous three months, according to Statistics South Africa.
* South African Uber drivers are to go to court to seek rights including compensation for unpaid overtime and holiday pay.
* Sibanye, the world’s largest source of platinum group metals (PGMs), plans to focus on expanding into battery metals as it looks to capitalise on the global push for green technologies.
* Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6% on Monday, wiping $15.2 billion from his net worth. Learn more about your ad choices. Visit megaphone.fm/adchoices

23 Feb 2021 11AM English South Africa Investing · Business News

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