Feb 25, 2016
South Africa's Drought Leads to Job Cuts, Surging Food Prices
South Africa
by
,
Bloomberg

Few jobs. Photo: Statics of South Africa,Bloomberg
South Africa’s worst drought in more than a century is taking its toll on the economy as farms cut jobs and the cost of producing food surged. Employment in agriculture decreased by 37,000 in the fourth quarter of last year, offsetting some job gains in government and finance and contributing to the 24.5 percent jobless rate