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Cyril Ramaphosa reports decline in unemployment and poverty in South Africa

Jan 26, 2026, 3:14 PM20
(Update: Jan 27, 2026, 1:00 AM)
President of South Africa since 2018
administrative capital of South Africa located in the Gauteng province
country in southern Africa

Cyril Ramaphosa reports decline in unemployment and poverty in South Africa

  • Cyril Ramaphosa announced that economic reforms have resulted in declining unemployment and poverty levels in South Africa.
  • The president noted a steady reduction in unemployment and positive indicators of economic growth in recent months.
  • He emphasized the need for urgent actions to ensure sustainable improvements in the lives of South Africans.
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In early January 2026, South African President Cyril Ramaphosa announced positive economic indicators, including a reduction in unemployment and poverty levels. The president attributed these improvements to ongoing economic reforms being implemented in the country. Additionally, he expressed the importance of taking urgent steps to convert these temporary gains into long-term improvements for the populace. Data from Statistics South Africa revealed a steady decrease in unemployment over recent months, alongside a significant decline in poverty and inequality. These positive signs came amidst four consecutive quarters of economic growth, stabilized inflation rates, and renewed investor confidence following South Africa's exit from the Financial Action Task Force grey list. Despite the encouraging trends, Ramaphosa emphasized the need for further efforts to ensure sustainable development. He outlined the essential role of increasing investment and infrastructure spending, stating that the difference between temporary growth and sustained economic progress lies in the commitment to these areas. The government has allocated over R1 trillion in public funds towards infrastructure projects over the next three years, concentrating on critical sectors like electricity and logistics. Ramaphosa reiterated the significance of strengthening state-owned enterprises and fostering public-private partnerships. He called for concerted action from government and social partners to ensure that economic advancements translate into real benefits for South Africans. His administration is expected to discuss detailed strategies for these implementations at the annual Lekgotla later this month.

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