Unemployment in South Africa gets some relief

While our country's unemployment rate continues to be at a staggering high, it's interesting to know that across the north Atlantic Sea,  South Africa is struggling with the same problem. However it seems like their government is about to take drastic measures to improve the problem.

South African President Jacob Zuma, said the government is going to strongly implement a 39 billion dollar job creation drive to lower the devastatingly high unemployment rate, which stands at 22 percent.

A 9 billion dollar rand fund will finance job creation initiatives for the next three years. The Industrial Development  Corporation is planning to invest 10 billion dollars over the next five years by focusing on labor-intensive projects.

More then a million workers have been fired by South African companies since the global economic crises began.

Last year, the jobless rate peaked at 25.3 percent before slightly declining to 24 percent in the last three years.